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Great Depression
Content and Academic Vocab. for Ch. 10
| Term | Definition |
|---|---|
| invest | to commit money in the hopes of making more money in the future |
| stock exchange | a place where shares are bought and sold through an organized system |
| decline | to drop or go down steadily |
| default | to fail to meet an obligation, especially a financial one |
| collapse | a sudden fall or failure of something, such as a structure or the value of money |
| relief | aid for the needy; welfare |
| public works | projects such as the building of highways, parks, and libraries built with public funds for public use |
| work relief | programs that give needy people jobs |
| subsidy | a grant of money, often from the government, to a person or a company for an action intended to benefit the public |
| promote | to help the progress of something |
| generate | to produce or make something exist |
| migrant worker | a person who moves from place to place to find work |
| migrate | to move from one place to another to live or work |
| fascism | a political philosophy that stresses the glory of the state over the individual and that favors dictatorship |
| advocate | to publicly support something |
| pension | a sum paid regularly to a person, usually after retirement |
| scheme | a plan or arrangement for doing or organizing something |
| unemployment insurance | payments by the government for a limited period of time to people who have lost their jobs |
| welfare | the good health, happiness, and comfort of a person or group; care the health and safety of a group |
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