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Great Depression

Credit An arrangement for making a purchase with borrowed money, which will be paid at a later date.
New Deal A plan given by President Franklin Roosevelt, intended to bring the country out of the Great Depression by providing economic relief, recovery and reform.
Speculation Making risky purchases on the stock market, in the 1920’s, in the chance of quick or considerable profit.
Dust Bowl A series of dust storms in the 1930’s that were caused by massive droughts and decades of inappropriate farming techniques.
Rugged Individualism The belief that all individuals, or nearly all individuals, can succeed on their own with little or no help from the government.
The Great Depression The worst economic crisis in US history, where millions of Americans were unemployed, poor and homeless.
On Margin When a person purchased a stock with only putting part down and borrowing the rest. A person usually intended to pay back the money owed once the stock made money, the stocks didn't rise so the money couldn't get paid back so both went bankrupt.
Loose Money Regulation The idea is that with more money in the economy, citizens will spend more money or have more cash to pay back old loans to increase economic growth.
Black Tuesday On October 29, 1929 the stock market closed due to stock prices collapsing. This is considered the day that the Great Depression officially started.
Billowing Spiral or swirl of dust in the air. The Dust Bowl saw great dust storms caused by dry ground and a lack of natural barriers which would have prevented the clouds from becoming so large or stopping them.
Self-Determination In this unit, it means that a person is willing to work hard and create a life without the help or assistance of the government
Fireside Chat The purpose was to encourage trust in the government by being informal and upfront about the conditions of the country and actions of the government. These were made by President Franklin Delano Roosevelt to the nation.
Hydroelectric Power Creating electricity from running water.
Populist The Political party that was formed during the Progressive Age to push the needs of farmers.
Unequal distribution of Wealth This means that there are lots of poor, but few rich. Between 1920 and 1929, the income of the wealthiest 1 percent of the population rose by 75%, compared with a 9% increase for the rest of Americans as a whole.
Created by: JenBeckler