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US His. Chapter 9-10

1. stock market a system for buying and selling stocks in corporations
2. bull market a long period of rising stock prices
3. speculation act of buying stocks at great risk with the anticipation that the prices will rise
4. margin buying a stock by paying only s fraction of the stock price and borrowing the rest
5. margin call demand by a broker that investors pay back loans made for stocks purchased on margin
6. bank run persistent and heavy demands by a bank's depositors, creditors, or customers to withdraw money
7. installment regular periodic payment made to pay off th cost of an item when buying it on credit
8. bailiff minor officer of the courts
9. hobo a homless and usually penniless wanderer
10. soap opera a serial drama on television or radio using melodramatic situations
11. public works projects such as highways, parks, and libraries built with public funds for public use
12. relief aid in the form of money or supplies for those in need
13. foreclose to take possession of a property from a mortgagor because of defaults on payments
14. polio abbreviated term for poliomyelitis, an acute infectious disease affecting the skeletal muscles, often resulting in the permanent disability and deformity
15. gold standard a monetary standard in which one ounce of gold equals a set number of dollars
16. bank holiday closing of banks during the Great Depression to avoid bank runs
17. fireside chats radio broadcasts made by Roosevelt to the American people to explain his initiatives
18. deficit spending government practice of spending borrowed money rather than raising taxes, usually in an attempt to boost the economy
19. binding arbitration process in which a neutral party hears arguments from two opposing sides and makes a decision that both must accept
20. sit-down strike method of boycotting work by sitting down at work and refusing to leave the establishment
21. court-packing the act of a leader to change the political balance of power in a nation's judiciary system by appointing judges who will rule in favor of his or her policies
22. mediate to attempt to resolve conflict between hostile people and groups
23. broker state role of government to work out conflicts among competing interest groups
24. safety net something that provides security against misfortune; specifically, government relief programs intended to protect against economic disaster
Created by: morganmont