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Chapter 15 Vocab
Term | Definition |
---|---|
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. |