click below
click below
Normal Size Small Size show me how
Economy Collapse
Economic Collapse
Term | Definition |
---|---|
on margin | to pay for only part of the cost and borrowed the rest from stockbrokers |
stockbroker | people who sell shares in businesses |
margin call | a demand for immediate repayment of a loan |
stock market crash | a time when stock prices fell or "crashed" at record rates |
recession | a time of economic slowdown |
depression | a period of very low economic activity combined with very high unemployment |
Great Depression | a time of economic despair that lasted for more than a decade |
tariff | tax |
New Deal | Started by President Franklin Roosevelt and was designed to provide people with food and housing, to create 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 | Hitler took control of the National Socialist German Workers' Party. |
Nazism | the name given to Hitler's political beliefs |
totalitarian state | a system in which leaders totally control the way citizens think and live |