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26 Great Depression
Chapter 26 Grade 8 The Great Depression vocabulary
| Question | Answer |
|---|---|
| relief | programs to help the needy |
| recovery | a period of increasing employment and expanding business activity |
| reform | to make changes for the better |
| migrant | person who moves from one region to another to find work |
| sit-down strike | workers stop all machines and refuse to leave the factory |
| overproduction | to produce more goods than people can buy |
| on margin | pay only part of the cost of stock when a purchase is made |
| bankrupt | unable to pay debts |
| soup kitchens | places where the hungry could get a free meal |
| bonus | an additional sum of money |
| collective bargaining | process by which a union representing a group of workers negotiates with management for a contract |
| public works program | projects by the government for public use |
| bank holiday | closing of every bank in the country for four days |
| national debt | total sum of money the government owes |
| deficit spending | government spending more than it takes in |
| pension | sum of money paid to people on a regular basis after they retire |
| boom | a period of increasing employment, consumer spending, factory expansion, and consumer confidence |
| peak | a period of full employment and overproduction |
| recession | a period when employment, consumer confidence and demand begin to decrease |
| depression | a period where unemployment is very high and people begin to lose their homes and farms, factories close and banks fail |
Created by:
ljrainey
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