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Economic Collapse
| Term | Definition |
|---|---|
| on margin | Americans paid for only part of the cost and borrowed the rest |
| stockbrokers | people who sell shares in business |
| 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 combine with very high unemployment |
| Great Depression | a time of economic despair that lasted for more than a decade |
| tariff | tax |
| New Deal | designed to provide people with food and housing, to create jobs, stimulate industry, and set up government programs that would prevent future depression |
| inflation | a period of rising prices and decreasing monetary values |
| Nazi Party | Hitler had taken control of the National Socialist Germans Workers Party |
| Nazism | Hitlers political beliefs |
| totalitarian state | a system in which leaders totally control the way citizens think and live |
Created by:
asnelling
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