Vocab




Great Depression: A
period, lasting from
1929-1940, in which
the U.S. economy was
in a severe decline
and millions o...




Inflation: An increase
in prices or decline in
purchasing power
caused by an increase
in the supply of
money.
Specul...




Bank Holiday: a day
or several days when
banks are closed and
depositor’s cannot
withdraw money.



Depression: A v...




Bonus Army: A group
of WWI veterans and
their families who
marched on
Washington D.C. in
1932 to demand the
immediat...




Deficit Spending: A
government’s
spending of more
money than it
receives in revenue.
Demagogue: A
person who gains
p...
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Great depression vocab

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Great depression vocab

  1. 1. Vocab
  2. 2.   Great Depression: A period, lasting from 1929-1940, in which the U.S. economy was in a severe decline and millions of Americans were unemployed. Black Tuesday: A name given to October 29, 1929, when stock prices fell sharply.   Buying on Margin: The purchasing of stocks by paying only a small percentage of the price and borrowing the rest. Deflation: Widespread fall in prices.
  3. 3.   Inflation: An increase in prices or decline in purchasing power caused by an increase in the supply of money. Speculation: An involvement in risky business transactions in an effort to make a quick or large profit.  Supply & Demand: The forces that determine prices of goods and services in a market economy.
  4. 4.   Bank Holiday: a day or several days when banks are closed and depositor’s cannot withdraw money.  Depression: A very severe and prolonged contraction in economic activity.   Prosperity: A successful, flourishing, or thriving condition. Dust Bowl: The region, including Texas, Oklahoma, Kansas, Colorado, and New Mexico, that was worthless for farming by drought and dust storms during the 1930’s. Foreclosure: To take away the right to redeem (typically houses or farms).
  5. 5.   Bonus Army: A group of WWI veterans and their families who marched on Washington D.C. in 1932 to demand the immediate payment of a bonus they had been promised for military service. Direct Relief: The giving of money or food by the government directly to needy people.   Parity: A government supported level for the prices of agricultural products, intended to keep farmers income steady. Shantytowns (Hoovervilles): A neighborhood in which people live in makeshift shacks.
  6. 6.   Deficit Spending: A government’s spending of more money than it receives in revenue. Demagogue: A person who gains power and popularity by arousing the emotions, passions, and prejudices of the people.   Fireside Chats: The radio talks made by Franklin D. Roosevelt whole he was president. New Deal: President Franklin Roosevelt program to alleviate the problems of the Great Depression focusing on relief for the needy, economic recovery, and financial reform.

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