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Flash Cards

Great Depression

TermDefinition
New Deal series of reforms made by FDR.
Great Depression stock market crashed causing banks to close, low economy during the period.
Herbert Hoover president during the beginning of the great depression.
Franklin D. Roosevelt created the New Deal, President that pull America out of the Great Depression.
Surplus Overstock.
Buying on Margin when a Broker buys stock he only put 10% capital on and the bank covered the rest in a loan.
Credit Buying goods and paying for them a later date.
Dust Bowl raging winds picked up dry, overused soil and blew it all over the country.
Bread Lines how some of families effected by the depression got their food.
subsistence farming growing only enough food for your families necessities.
Speculation buying stock that a person has done little or no research on.
Runs on the bank when the stock market crashed many people rushed to the bank to withdraw all their money and many banks ran out of cash.
overproduction having more product than the demand and prices fall.
stock market place where shares of companies are bought and sold.
unemployment when a person does not have a job that is of age.
Created by: qwarre
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