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The great depression

vocab

TermDefinition
surplus an excess
Dust bowl in the 1930's A series of major dust storms that buried houses, destroyed farmland and killed livestock
buying on margin buying stocks and borrowing money from a bank or broker
credit the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
interest money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt
profits a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something
New deal The programs and policies to promote economic recovery and social reform introduced by President Franklin D. Roosevelt
Herbert Hoover president of the U.S from 1923-1933 leader of the US in the beginning of the great depression, didn't want the government involved in the peoples lives and thought that the people should express their individual rights
Great Depression 1930s when there was a worldwide economic depression and mass unemployment
Franklin Roosevelt president of the U.S in 1932, introduced the New Deal, and led the US through most of WWII.
stock market place where stocks are bought and sold
stocks a supply of goods kept on hand for sale to customers by a merchant
hoovervilles shanty-towns that housed many who had lost everything, were built of old boxes and other discards
loan an amount of money borrowed by someone that must be repaid
subsistence farmers growing only enough food to eat not sell
Created by: rrozem6386
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