Great Depression Vocabulary 1B

STUDY
PLAY

Terms in this set (...)

Hoovervilles
Shantytowns/Shacks built out of scraps and trash
Debt
Money owed to someone/You borrowed it
Prosperity
Good economic times/Illusion of the 1920s
Bull Market
Stock Market Prices go up/People Encouraged to Buy
Bear Market
Stock Market Prices Go Down/People Panic and Sell
Share
Part of a company/You own a blank in this company
Poverty Line
Below this, you are poor and can not even buy needs
Herbert Hoover
President when the Depression began/Blamed for GD
FDR (Franklin Roosevelt)
President elected duirng the Depression/World War II/ New Deal
Buying on the Margin
Down payment on stock purchase/ Borrowed rest from Bank
Reform
Permanent change/Attempted A Long Term Solution
Labor Unions
Organization of workers who help ask for better wages etc.
Supply
Quantity of product available/Connected to Demand
Overproduction
More than demand required/extra/can lower price
Foreign Debt Crisis
Other countries owed us/World War I Loans to Allies
Reparations
War Loser pays these/Blame attached
Deficit
Government spends more than it collects
Inflation
Prices go up and value of money goes down
Surplus
Government Collects more money than it spends
Depression
Economy virtually stops/trough
Recovery
Provided semi-temporary jobs/loans/not permanent
Relief
Immediate aid for needy/food/shelter etc.
Crisis of Intellectual Leadership
1800s Thinkers w/ 1900s Problems can't solve