The Great Depression and The New Deal

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Full list of words from this list:

words only definitions & notes
  1. bank holiday
    any of several weekdays when banks are closed
  2. bank run
    the concerted action of depositors who try to withdraw their money from a bank because they think it will fail
  3. bankrupt
    financially ruined
  4. bear market
    a prolong period of falling prices for stock indices
  5. brain trust
    an inner circle of unofficial advisors to the head of a government
  6. breadline
    a queue of people waiting for free food
  7. bull market
    a market characterized by rising prices for securities
  8. business cycle
    recurring fluctuations in economic activity consisting of recession and recovery and growth and decline
  9. collapse
    a sudden large decline of business or the prices of stocks
  10. collective bargaining
    negotiation between an employer and a trade union
  11. Congress of Industrial Organizations
    a federation of North American industrial unions that merged with the American Federation of Labor in 1955
  12. consume
    spend extravagantly
  13. crash
    a sudden large decline of business or the prices of stocks
  14. credit
    arrangement for deferred payment for goods and services
  15. debt
    money or goods or services owed by one person to another
  16. default
    act of failing to meet a financial obligation
  17. deficit
    an excess of liabilities over assets
  18. deficit spending
    paying with money attained through loans
  19. depression
    a long-term economic state with unemployment and low prices
  20. Dorothea Lange
    United States photographer remembered for her portraits of rural workers during the Depression (1895-1965)
  21. dust bowl
    a region subject to dust storms
  22. Eleanor Roosevelt
    wife of Franklin Roosevelt and a strong advocate of human rights (1884-1962)
  23. Federal Deposit Insurance Corporation
    a federally sponsored corporation that insures accounts in national banks and other qualified institutions
  24. foreclosure
    proceedings initiated to repossess the collateral for a loan
  25. Franklin Delano Roosevelt
    32nd President of the United States
  26. gold standard
    system that defines money's value in terms of precious metal
  27. Great Depression
    the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
  28. gross national product
    former measure of the United States economy
  29. Herbert Hoover
    31st President of the United States
  30. inflation
    a general and progressive increase in prices
  31. installment plan
    a system for paying for goods by installments
  32. interest rate
    the percentage of a sum of money charged for its use
  33. invest
    lay out money or resources in an enterprise
  34. investor
    someone who commits capital to gain financial returns
  35. John L. Lewis
    United States labor leader who was president of the United Mine Workers of America from 1920 to 1960 and president of the Congress of Industrial Organizations from 1935 to 1940 (1880-1969)
  36. John Maynard Keynes
    English economist who advocated the use of government monetary and fiscal policy to maintain full employment without inflation (1883-1946)
  37. John Steinbeck
    United States writer noted for his novels about agricultural workers (1902-1968)
  38. loan
    the temporary provision of money (usually at interest)
  39. margin call
    a demand by a broker that a customer deposit enough to bring his margin up to the minimum requirement
  40. migrant
    traveler who moves from one region or country to another
  41. national debt
    the debt of the national government
  42. overproduction
    too much production or more than expected
  43. panic
    sudden mass fear and anxiety over anticipated events
  44. pension
    regular payment to allow a person to subsist without working
  45. produce
    create or manufacture a man-made product
  46. production
    manufacturing or mining or growing something for sale
  47. profit
    excess of revenues over outlays in a given period of time
  48. prohibition
    when the sale of alcoholic beverages was banned in the U.S.
  49. prosperity
    a state of growth with rising profits and full employment
  50. public works
    structures created by government for everyone's use
  51. relief
    aid for the aged, indigent, or handicapped
  52. rugged individualism
    individualism in social and economic affairs
  53. Securities and Exchange Commission
    an independent federal agency that oversees the exchange of securities to protect investors
  54. security
    financial instrument documenting ownership of an investment
  55. shantytown
    a city district with large numbers of crude dwellings
  56. sit-down strike
    a strike in which workers refuse to leave the workplace until a settlement is reached
  57. Social Security
    social welfare program in the U.S.
  58. Social Security Administration
    an independent government agency responsible for the Social Security system
  59. soup kitchen
    a place where food is dispensed to the needy
  60. speculation
    an investment that is risky but could yield great profits
  61. speculator
    one who makes risky investments in the hopes of high profits
  62. stock
    capital raised by a corporation through the issue of shares
  63. stock market
    an exchange where security trading is conducted by professional stockbrokers
  64. subsidy
    a grant of financial assistance, especially by a government
  65. swing music
    a style of jazz played by big bands popular in the 1930s
  66. tariff
    a government tax on imports or exports
  67. unemployment
    the state of not having a job
  68. union
    an employee organization that bargains with an employer
Created on Mon Feb 13 16:37:05 EST 2017 (updated Fri Mar 31 11:35:44 EDT 2017)

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