154180795 | Boom or Bust | the time period (1921-1933) when the stock market was high and then crashed because of speculation and buying on margin | |
154180796 | Stock Market | a market where stocks and bonds are traded; also known as a stock exchange | |
154180797 | New Deal | FDR's program to fight the Depression | |
154180798 | Farm Subsidies | money paid to farmers to supplement their income and to not grow certain crops to increase prices | |
154180799 | Social Security | workers and employers made payments into a special fund, from which they would draw a pension after they retired. It also pays those who are laid-off, disabled and low income families | |
154180800 | depression | a severe economic slump | |
154180801 | buying on margin | Purchasing stock with a little money down with the promise of paying the balance at sometime in the future | |
154180802 | welfare | money and aid from the government for people in need or hardship | |
154180803 | Hoovervilles | group of shelters where the unemployed and homeless lived during the 1930s | |
154180804 | migrant farm workers | families or groups of workers who move around to harvest seasonal crops | |
154180805 | Harlem Renaissance | the time period that symbolized a rebirth of hope for Africa Americans (1920-1930) | |
154180806 | Bonus Army | 12,000-15,000 WWI jobless veterans who camped out in Washington D.C. to demand early payment of a bonus | |
154180807 | liberal | person who favors government action to bring about social and economic reform | |
154180808 | conservative | person who favors fewer government controls and more individual freedom in economic matters |
Unit 8 The Great Depression
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