Unit 8 The Great Depression

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