| A | B |
|---|
| Great Depression | worst economic collapse of the Twentieth century |
| business cycle | fluctuations in economic activity |
| monetary policy | raising and lowering the money supply using interest rates |
| fiscal policy | using government spending to control economic output |
| mixed economy | mixture of private and government ownership |
| stock market crash | huge stock sell off in October of 1929 |
| speculation | betting on the price of a stock or commodity |
| default | not paying a loan or mortgage |
| tenant farmer | a agriculture worker who rents the land he farms |
| migrant worker | seasonal agricultural workers |
| Hooverville | shanty towns where the homeless lived |
| bread lines | free kitchens set up to feed the hungry |
| overproduction | when production outpaces demand |
| sit down strikes | used by General Motors workers to attain union recognition |
| Wagner Act | the magna carta for labor |
| Haawley Smoot Tariff | protective tax on imports passed under Hoover |
| bankruptcy | failure of a debtor to pay their creditors |
| Dust Bowl | area on the Great Plains plagued by drought and high winds |
| Bonus Army | unemployed veterans who came to DC looking for the early payment of a promised bonus |
| John Maynard Keynes | argued that higher government spending to combat the depression |
