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Quarter 4
Economics, Depression, & Modernity
| Term | Definition |
|---|---|
| Great Depression | A severe worldwide economic downturn during the 1930s |
| New Deal | A series of programs and projects instituted by FDR aimed at relief, recovery, and reform |
| Great Society | A set of domestic programs proposed by President Johnson to eliminate poverty and racial injustice (1960s) |
| Labor union | An organized association of workers formed to protect and further their rights and interests |
| Stock market | A market where shares of publicly held companies are issued and traded |
| Dust Bowl | A period of severe dust storms that greatly damaged the ecology and agriculture of the American prairies in the 1930s |
| Labor organizing | The process of forming a union to advocate for better working conditions |
| Depression (Economic) | A sustained, long-term downturn in economic activity |
| Recession | A temporary decline in economic activity, generally lasting two consecutive quarters |
| Market-based economies | An economic system in which decisions regarding investment, production, and distribution are guided by price signals |
| Globalization | The process by which businesses or other organizations develop international influence or start operating on an international scale |
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