15 terms

Great Depression

Practice for Great Depression Unit
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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