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Chapter 15 Vocab

TermDefinition
Bull Market A market with an upward trend in stock prices.
Bear Market A market with a downward trend in stock prices.
Margin Buying Used to buy stock with borrowed money.
Gross National Product The total cost of all goods and services produced in the span of one year.
Business Cycle The ups and downs of a free-enterprise business.
Mutualists Mutual aids societies formed to help others.
Breadlines Lines for food from charity foundations.
Shantytowns Collections of huts built from scraps to provide shelter.
Rugged Individualism The belief that success comes from the effort of each individual and private enterprises.
Created by: MLE02
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