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OCS AH2 U4L1

TermDefinition
This is where many people moved after WWI to get a job. North
Because of the social and economic changes after WWI, this decade is called what? The Roaring Twenties
Type of consumer spending where individuals spend more money because of new inventions and products Consumerism
Making large quantities of cheap products Mass production
Examples of luxury items Radios, cameras, telephones, washing machines
When American industry produced too many goods which led to lower prices and unsold goods. Overproduction
When people buy much less in an economy Under - consumption
Economic crisis that began with the stock market crash in 1929 Great Depression
One of the worst and longest droughts in the 1930's was especially hard for THIS group of people Farmers
Buying on credit and taking out loans put people into ___. Debt
Homes, saving, and jobs Things lost during the Great Depression
Created by: karen.pharr
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