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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 |
Created by:
swg1999
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