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vocab

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Term
Definition
surplus   an excess  
Dust bowl   in the 1930's A series of major dust storms that buried houses, destroyed farmland and killed livestock  
buying on margin   buying stocks and borrowing money from a bank or broker  
credit   the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future  
interest   money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt  
profits   a financial gain, especially the difference between the amount earned and the amount spent in buying, operating, or producing something  
New deal   The programs and policies to promote economic recovery and social reform introduced by President Franklin D. Roosevelt  
Herbert Hoover   president of the U.S from 1923-1933 leader of the US in the beginning of the great depression, didn't want the government involved in the peoples lives and thought that the people should express their individual rights  
Great Depression   1930s when there was a worldwide economic depression and mass unemployment  
Franklin Roosevelt   president of the U.S in 1932, introduced the New Deal, and led the US through most of WWII.  
stock market   place where stocks are bought and sold  
stocks   a supply of goods kept on hand for sale to customers by a merchant  
hoovervilles   shanty-towns that housed many who had lost everything, were built of old boxes and other discards  
loan   an amount of money borrowed by someone that must be repaid  
subsistence farmers   growing only enough food to eat not sell  


   






 
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Created by: rrozem6386