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Ch.25 Terms-SS~Cadet
LETS ACE THIS EXAM!!!
Term | Definition |
---|---|
Stock Exchange | an organized system for buying and selling shares, or blocks of investments, in corporations |
On Margin | to buy on margin means to pay only a fraction of the stock price and borrowed the rest from their brokers |
Default | fail to meet loan payments |
Dust Bowl | the name given to the area of the southern Great Plains severely damaged by droughts and dust storms during the 1930s |
Subsidy | grant of money; a government payment that supports a business or market |
Migrant Worker | a person who moves from place to place to find work harvesting fruits and vegetables |
Pension | sum of money paid to people on a regular basis after they retire |
Second New Deal | a new set of programs and reforms launched by Franklin D. Roosevelt in 1935 |
Social Security Act | a law requiring workers and employers to pay a tax; the money provides a monthly pension for retired people |
Unemployment insurance | payments by the government for a limited period of time to people who have lost their jobs |
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