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SC7-4..3EconCollapse
SC 7-4.3 Economic Collapse
TERM | DEFINITION |
---|---|
on margin | paid for only part of the stock and borrowed the rest |
stockbroker | people who sell shares in businesses |
margin call | demand for immediate repayment of the loan borrowed to purchase stocks |
stock market crash | stock prices fell |
recession | time of economic slow down |
Great Depression | period of low economic activity and high unemployment |
tariff | tax on all manufactured goods imported from other nations |
New Deal | programs developed by President Roosevelt to put people back to work and help the economy recover |
inflation | when money loses its value and prices go up |
Nazi Party | National Socialist Workers' Party |
Nazism | name given to Hitler's political beliefs |
totalitarian state | system in which leaders totally control the way citizens think and live |
Franklin Delano Roosevelt | President of the United States during The Great Depression and WWII-only President to be elected 4 terms |
Adolf Hitler | German leader who promised to lead Germany back to its former glory and to economic recovery |
stock | purchase for part ownership in a company |
run on the bank | people all try to take their money out of the bank at once causing the banks to close |
FDIC | Government agency developed after the Depression: "Federal Deposit Insurance Corporation" to protect people's money in the banks of the United States |
Mortgages | A transfer of rights to property as security for the payment of a loan that becomes void when the loan is paid. |
Share | Any of the equal portions into which property or invested capital is divided. |
Foreclosed | A legal proceeding when a mortgage holder cannot pay his or her mortgage and banks repossess the property. |
Black Tuesday | The crash of the New York Stock Exchange on October 29, 1929. |
Trickle Down | An effect caused gradually by remote or indirect influences. |
Dictator | A ruler with absolute power and authority. |