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7-4.3 Burnette
the Great Depression of the 1930s
| Term | Definition |
|---|---|
| Economic Crash of 1929 | the event that caused the Great Depression |
| Great Depression | a period of worldwide economic despair and terrible poverty from 1929 to 1942 in some places |
| Reparations | money a country is forced to pay back |
| Treaty of Versailles | treaty ending WWI, blamed and angered Germany |
| articulate | explain or spell out |
| prohibit | to stop or keep from doing |
| sabotage | to intentionally break something to to mess it up |
| viable | when something works or runs very well |
| Ruhr Valley | Germany’s main industrial regio |
| Hyperinflation | printing so much money that money becomes almost completely worthless; this ruins a country’s economy |
| Devaluing of money | when money becomes worthless |
| installment plan | when you pay for something in a series of payments, usually once a month |
| consumers | people who buy things |
| boom time | when the economy is doing well and people feel like they can spend money |
| stock | when someone buys a share, or partial ownership of a company |
| on margin | buying a stock with money borrowed based on the value of the stock; incredibly dangerous |
| investment | buying something that you hope will make you more money in the future |
| entice | to get someone to be interested or to want to do something |
| surplus | extra, having more than you need |
| Creditors | a country, company, or person to whom money is owed |
| culminate | to lead to a big, final event |
| Stock Market Crash | when the values of stocks greatly went down all at once |
| Black Tuesday | When, on October 29, 1929, the United States experienced the biggest loss in financial worth in the stock market |
| consumer demand | the demand for people to buy things |
| surplus goods | extra goods |
| "Runs on the banks" | when many people took all their money out of banks, ruining the banks |
| depositors | people who put their savings and money in a bank |
| Capital | money or wealth |
| Bank insurance | insurance to protect money or deposits in a bank |
| "Calling the loan" | when a bank demands immediate and full repayment of a loan earlier than scheduled |
| closure | when a bank has to close because it has run out of money |
| collateral | something of value used to guarantee repayment of a loan |
| integrally | fundamentally or completely; in many ways |
| Reparations | money a country or person is forced to pay for doing something wrong |
| Totalitarian | governments that rule with absolute or total control and authority |
| Isolationism | when a country avoids interacting with other countries and instead focuses on its own, internal problems |
| Imperializing | taking over other countries to gain access to raw materials and/or control over trade |
| The New Deal | President Franklin D. Roosevelt’s plan to pull the U.S. out of the Great Depression by having the federal government get more involved in the economy |
| Public works programs | where the federal government gives jobs to people to help them out while they make something useful, like roads or national parks |
| Direct relief | giving money or other help directly to someone |
| Protectionist policies | policies designed to protect a country's domestic industries and services from foreign competition |
| the gold standard | having a nation’s money or currency backed by the value of gold |
| Nazi party | racist, fascist political party headed by Hitler. It started WWII and killed Jews in the Holocaust |
| Adolph Hitler | racist, evil leader of the Nazi party, started WWII, and killed Jews in the Holocaust |
| Benito Mussolini | fascist leader of Italy |
Created by:
oburnette
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