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American history

Chptr, 15. section 3

QuestionAnswer
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 barrow money.
gross national product the total value of all goods and services produced in a given year.
business cycle industries increase production and hire more workers during prosperous times, with the result that over time surplus pile up.
mutualistas mutual-aid societies, made to help each other.
breadlines Organization gave out food to people that stood in the breadlines.
shanytowns collections of makeshift shelters built out of packing boxes, scrap lumber, corrugated iron, and other throw away items.
rugged individualism Hoover's idea was that success comes through individual effort and private enterprise.
Created by: Joe Montez