|
 Great Depression | the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s |
| Buying on Margin | Purching stock with a little money down with the promise of paying the balance at sometime in the future |
| John Steinbeck | A novelist who portrayed the poor migrant workers of the Great Depression. He wrote the Grapes of Wrath. |
| laissez-faire | idea that government should play as small a role as possible in economic affairs |
| New Deal | The name of President Roosevelt's program for getting the United States out of the depression |
| tariff | a government tax on imports or exports |
| stock | a certificate documenting the shareholder's ownership in the corporation |
| speculate | to think about or make guesses |
| optimism | a tendency to expect the best possible outcome or to look on the bright side |
| Federal Reserve | The central bank of the US. The banker's bank |
| Dust Bowl | the area of the Great Plains where wind erosion caused soil loss during the 1930's |
| debt | money or goods or services owed by one person to another |
| Hooverville | shanty towns built by the homeless during the Great Depression |
| stock market | A general term used to describe all transactions involving the buying and selling of stock shares issued by a company. |
| Franklin D. Roosevelt | President of the US during Great Depression and World War II. He came up with the New Deal |