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Unit 11
Great Depression, dust bowl and World War II
| Question | Answer |
|---|---|
| Stock Market | The activity of buying and selling stocks and shares |
| military installation | any facility servicing military forces |
| Rural | found in or living in the country |
| urban | relating to or belonging to a city |
| dust bowl | the geographic area hardest hit by the drought during the 1930’s where soil was so dry it blew away in great clouds of dust |
| unemployment | loss of jobs- having fewer jobs available than people needing them |
| alphabet agencies | government agencies that came to be known by the first initials of their names |
| The New Deal | a series of domestic programs enacted in the United States between 1933 and 1938. |
| Free Enterprise System | the freedom of private business to compete with other businesses to make a profit without government interference |
| Erosion | the wearing away of the earth’s surface |
| Boom and Bust Cycle | during booms an economy will see an increase in its production. During busts an economy will see a fall in production. |
| Profit | the monetary surplus left to a producer or employer after deducting wages, rent, cost of raw materials, etc. |
| Rationing | to limit food or goods to ensure adequate supplies to soldiers |
| Supply and Demand | as demand for an item increases, prices rise. When manufacturers respond to the price increase by producing a larger supply of that item, this increases competition and drives the price down. |
Created by:
mlopez86
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