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11 US History

Great Depression ACT Vocab Review

TermDefinition
define tariff a tax on imports or exports.
interest money paid regularly at a certain rate for the use of money borrowed
recession a significant decline in the economy that lasts for more than a few months
foreclosure a process that begins when a borrower fails to make their mortgage payments
what is a stock the money invested in trading
what is capitalism an economy controlled by private ownership of businesses
deficit the amount by which something is too small
arable suitable for growing crops
embezzle to steal money by falsifying records
procure to obtain, acquire
rebuke to scold, criticize
define beguile to trick, deceive
depression a significant decline in the economy that lasts for years
investor a person that puts money into financial plans and property with the expectation of achieving a profit
vicissitude a change of circumstance or fortune that is unwelcome or unpleasant
surplus when there is more of something than is required or necessary
prosperous flourishing, successful
implement to fulfill, perform, carry out
bankrupt declared in law unable to pay outstanding debts
impoverished made poor
Created by: SummitHS
 

 



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