The great depression from boom to bust
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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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The Great Depression from Boom to Bust

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The great depression from boom to bust

The Great Depressionfrom Boom to Bust

Vocabulary Preview


The great depression from boom to bust

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

while the value of money decreases.


The great depression from boom to bust

Hyperinflation

An extreme form of inflation, with sharp, rapid

price increases.

Sabotage

The deliberate destruction of a country’s property,

resources, or productive capability by hostile parties.

On Margin

Paying only a portion of the cost of a stock and

borrowing the rest from a stockbroker. (credit)


The great depression from boom to bust

Stock

Shares in a company or corporation.

Recession

A moderate and temporary decline in economic

activity. (a slowdown)

Stock Market Crash

A time when stock prices fell, or “crashed” at

record rates.


The great depression from boom to bust

Black Tuesday

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)

Surplus

An amount or quantity in excess of what is needed

or required.

Totalitarianism

A governmental idea which states a dictatorial

government should control all aspects of a citizen’s

life.


The great depression from boom to bust

New Deal

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.

Protectionist Policies

Policies designed by a nation to protect their

domestic industries and services from foreign

competition.


The great depression from boom to bust

“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.


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