The Great Depression from Boom to Bust. Vocabulary Preview. Depression A period of very low economic activity combined with high unemployment. Great Depression A time of economic despair that lasted for more than a decade. Inflation An economic situation in which prices rise quickly
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A period of very low economic activity combined
with high unemployment.
A time of economic despair that lasted for more
than a decade.
An economic situation in which prices rise quickly
while the value of money decreases.
An extreme form of inflation, with sharp, rapid
The deliberate destruction of a country’s property,
resources, or productive capability by hostile parties.
Paying only a portion of the cost of a stock and
borrowing the rest from a stockbroker. (credit)
Shares in a company or corporation.
A moderate and temporary decline in economic
activity. (a slowdown)
Stock Market Crash
A time when stock prices fell, or “crashed” at
October 29, 1929: A day the United States ex-
perienced the biggest loss in financial worth in
the stock market. ($10 to $15 billion dollars)
An amount or quantity in excess of what is needed
A governmental idea which states a dictatorial
government should control all aspects of a citizen’s
A program proposed by President Franklin D.
Roosevelt and approved by Congress designed to
provide people with food and housing, to create
jobs, stimulate industry, and set up government
programs to prevent future depressions.
Policies designed by a nation to protect their
domestic industries and services from foreign
“Runs on the Banks”
A situation where a large number bank depositors
demand their total deposits in cash simultaneously
because of concern over a bank’s solvency.
16. Gold Standard
A monetary standard under which the basic unit of
money is equal to a specified amount of gold.
17. “Calling the Loan”
A situation where banks could demand full payment
of a loan.