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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. |