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The Great Depression

Vocabulary in Chapter 15

Bull Market One with an upward trend in stock prices.
Bear Market One with a downward trend in stock prices.
Margin Buying The practice of purchasing stocks with borrowed money.
Gross National Product The total value of all goods and services produced in a given year.
Business Cycle The regular ups and downs of business in a free-enterprise economy.
Mutualistas Mexicans who formed mutual-aid societies, to help each other out.
Bread Lines Charitable organizations that served soup, and pieces bread.
Shantytowns Collection of make shift shelters
Rugged Indivisualism Hoovers idea that success comes through individual effort and private enterprise.
Created by: 1144