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great depression
vocabulary
Term | Definition |
---|---|
Great Depression | the economic crisis and period of low business activity in the U.S. and other countries |
Surplus | something that remains above what is used or needed. |
New Deal | the domestic program of the Franklin D. Roosevelt administration, especially during the period from 1933 to 1941. |
Herbert Hoover | 31st president of the U.S. 1929–33. |
Franklin Roosevelt (FDR) | ("FDR") 1882–1945, 32nd president of the U.S. 1933–45. |
Dust Bowl | the region in the S central U.S. that suffered from dust storms in the 1930s. |
Buying On Margin | is the purchase of an asset by paying the margin and borrowing the balance from a bank or broker. |
Stock market Crash | is a sudden dramatic decline of stock prices across a significant cross-section |
Speculation | buying stocks that investors didn't know much about |
Subsistence farming | planting enough food to feed their families |
Boll weevil | a insect that ate the cotton |