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The Depression Vocab
| Term | Definition |
|---|---|
| speculation | act of buying stocks at great risk with the anticipation that the price will rise |
| installment | buying an object on credit with a monthly plan to pay off the value of the good |
| bull market | a long period of rising stock prices |
| on margin | buying a stock by paying only a fraction of the stock price and barrowing the rest |
| gold standard | a monetary standard in which one ounce of gold equals a set number of dollars |
| stock market | a system for buying or selling stocks in corporation |