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1930's (ECOT)

1930's & The Great Depression

TermDefinition
Credit An arrangement for making a purchase with borrowed money, which will be paid at a later date.
Dust Bowl A series of dust storms in the 1930s that were caused by massive droughts and decades of inappropriate farming techniques.
New Deal A plan, given by President Franklin Roosevelt, intended to bring the country out of the great Depression by providing economic relief, recovery and reform.
Rugged Individualism The belief that all individuals, or nearly all individuals, can succeed on their own with little or no help from the government.
Speculation Making risky purchases on the stock market, in the 1920s, in the chance of quick or considerable profit.
The Great Depression The worst economic crisis in US history, where millions of Americans were unemployed, poor, and homeless.
Created by: erin.carr