Great Depression Vocabulary 1A

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Terms in this set (...)

Father Coughlin
Radio Priest/Viewed as Antisemitic
Demand
How many people want a product
Profit
Leftover after expenses/costs/Desirable for Business
Self-Adjusting Economy
Will fix itself eventually since it "always has"
Domino Effect
All things connected/linked togetherfor good or bad
Red Cross
Private charity/volunteers/help in emergency situations
Breadlines
Immediate help/Depression symbol/Photographs
Disposable Income
Money for wants left over after providing for needs
Dust Bowl
Drought in the 1930s Plains/led to migration/farm foreclosures
Bonus Army
Group of veterans protested in DC and treated poorly
Collateral
Put up to secure loan and you lose it if you can't make payment
Repossess
To take item for no payment on loan
Needs
Necessities of life like Food, Water, Shelter
Barter
Trading goods for goods, mostly in primitive systems
Wants
Things consumers desire but not necessary for sustaining life
Eleanor Roosevelt
Eyes and Ears of FDR/Newspaper Column/Ambassador
"Cheap Money"
Low interest rates so consumers are encouraged to borrow
Unemployment
Joblessness/more than 25% during Depression
WIC
Coupons for Dairy Products and Healthy Foods for Toddlers
Model T
Overproduced good/many bought on credit and couldn't pay
Foreclosure
Takes your house by bank when you can't pay
Stock Market
Exchange for stocks/major one in New York
Speculation
Educated gambling/played role in Stock Market Crash
Drought
Long period without Rain/Dust Bowl caused by this
Huey Long
Share the Wealth/Louisiana Governor and Senator
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