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Great Depression

Causes, effects, and key terms of the Great Depression

TermDefinition
Credit Borrowing money from the bank for everyday necessities
Surplus Supply over demand
New Deal FDR's government programs and policies
Great Depression Long period of time with severe recession in an economy
Dust Bowl Area of land that is dry and cannot produce vegetation(Midwest)
Bankrupt No more money
Buying on margin Broker pays 10% for a stock and 90% was borrowed from the bank
Herbert Hoover President during the beginning of the Great Depression
Franklin Roosevelt President that got people out of the depression
Speculation Making a decision not based on facts
Seaboard Railroad ran parallel to the Atlantic Ocean but became bankrupt
Created by: apedri4941
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