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Great Depression

TermDefinition
speculation the forming of a theory without firm evidence
bank run widespread panic in which great numbers of people try to redeem their paper money
Dust Bowl Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages.
Bonus Army WWI veterans who marched on Washington demanding their $1,000 bonus pay before the 1945 due date.
Hoovervilles Depression shantytowns, named after the president whom many blamed for their financial distress
stock A share of ownership in a corporation.
margin call demand by a broker that investors pay back loans made for stocks purchased on margin
Hoboes Men and boys who rode the rails looking for work
CCC Civilian Conservation Corps. It was Relief that provided work for young men 18-25 years old in food control, planting, flood work, etc.
public works projects built by the government for public use
Minimum Payment The smallest required payment that a credit card holder can pay on a monthly bill and still remain in good standing with the lender.
Intrest the price paid for the use of borrowed money
Created by: mrwashwahs
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