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26 terms

The Great Depression Terms

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the great depression
a time period during the 1930s when there was a worldwide economic depression and mass unemployment
the dust bowl
In the 1930's A series of major dust storms that buried houses, destroyed farmland and killed livestock
unemployment
the state of being unemployed or not having a job
the new deal
The programs and policies to promote economic recovery and social reform introduced by President Franklin D. Roosevelt
herbert hoover
president of the U.S from 1923-1933 leader of the US in the beginning of the great depression. He didn't want the govervment involved in the peoples lives and thought that the people should express their individual rights.
the american dream
the idea held by many in the United States of America that through hard work, courage and determination one could achieve prosperity., a dream for better life for people and their children, pursuing what attracted their ancestors to the New World
dust bowl states
kansas, oklahoma, texas, new mexico, colorado
buying on margin
buying stocks and borrowing money from a bank or broker; if the money was not paid back, the bank would foreclose on posessions; everyday people could buy stock; led to stock market crash because of overextention
stock market
place where stocks are bought and sold
world war 2
a global military conflict which involved a majority of the worlds nations, including all of the great powers, organized into two opposing military alliances: the allies and the axis. this war ended the great depression
stocks
a supply of goods kept on hand for sale to customers by a merchant, distributor, manufacturer, etc.; inventory.
franklin d roosevelt
Was elected president of the U.S by an overwhelming majority in 1932, introduced the New Deal, and led the US through most of WWII.
stock broker
A licensed professional who handles stock purchases and sales, A person that buys and sells stocks for you.
hoovervilles
shanty-towns that housed many who had lost everything. Shelters were built of old boxes and other discards., Shanty towns that the unemployed built in the cities during the early years of the Depression; the name given to them shows that thte people blamed Hoover directly for the Depression.
investor
a person who gives money to a company with the hope of making money later
broadlines
Carries large inventories of food & supplies representing numerous specialty vendors
migrant workers
people (typically farmers) who move from one region to another in search of work, people, typically farmers
drought
a long period without rain, a long period of dry weather
foreclosure
When a bank takes back a property and auctions it off to recover the unpaid loan amount.
supply and demand
an economic concept that states that the price of a good rises and falls depending on how many people want it and depending on how much of the good is available
laissez faire
policy based on the idea that government should play as small a role as possible in the economy
roaring twenties
a phrase used to describe nickname because of the times presperity and excitement the 1920s, principally in North America finally the Wall Street Crash of 1929 served to punctuate the end of the era, as The Great Depression set in., nickname because of the times presperity and excitement
october 29, 1929
Black Tuesday, Stock Market crashes triggers Great Depression
i.q
a measure of a person's intelligence as indicated by an intelligence test
loan
an amount of money borrowed by someone that must be repaid, usually with interest
mortgage
a long-term loan extended to someone who buys property