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7-4.3
Great Depression
| Term | Definition |
|---|---|
| Recession | a time of economic slowdown |
| Depression | a period of very low economic activity and high unemployment |
| Inflation | a period of rising prices and decreasing monetary values |
| On margin | buying stocks by paying for part and borrowing the rest |
| Margin call | demand for immediate payment |
| Black Tuesday | October 29, 1929 stock market crashed |
| New Deal | FDR's plan created jobs, helped industry, and set up gov't programs |