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The Great Depression
Chapter 8 Vocabulary
Term | Definition |
---|---|
Investor | someone who uses money to buy or make something that will yield a profit |
Depression | a time when industries do not grow and many people are out of work |
economist | a person who studies the economy |
unemployment | the number of workers without jobs |
balanced budget | a government plan for spending in whit it does not spend more money than it makes |
bureaucracy | the many workers and groups that are needed to run a government program |
pension | retirement income paid to people who stop working at a certain age |
hydroelectric dam | dam that uses the water it stores to produce electricity |
minimun wage | the lowest amount of money by law that a person can be paid |