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Economic Collapse
Terms to know about the Economic Collapse
Question | Answer |
---|---|
On margin | Means they pay for only part of the cost and borrow the rest from stockbrokers. |
Stockbrokers | People who sell shares in a business |
Margin call | A demand for immediate repayment of a loan. |
Stock Market Crash | A time when stock prices fell |
Recession | A time of economic slowdown |
Depression | A period of very low economic activity combine with very high unemployment. |
Great Depression | A time of economic despair that lasted for more than a decade. |
Tariff | Tax |
New deal | Was designed to provide people with food and housing to crate jobs, stimulate industry and set up government programs that would prevent future depressions |
Inflation | A period of rising prices and decreasing monetary values. |
Nazi party | National German Workers' Party |
Nazism | The name given to Hitler's political beliefs |
Totalitarian States | A system in which leaders totally control the way citizens think and live. |