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Chapter 7 Review

Government involvement in business

stocks certificates of corporate ownership; a way for businesses to gain capital
proprietorshipa one-owner business
standard of livinga measure of how well people's wants and needs are met
RooseveltPresident elected during the Great Depression
RockefellerFamous American entrepreneur who built a monopoly of Standard Oil
Black TuesdayThe October 29th stock market crash
the "New Deal"a series of government programs developed during the Depression
recoverya period of growth following a depression
Agricultural Adjustment Administrationan economic program devised to help farmers
constitutiona set of rules by which a society is governed
trust companya group of companies that hand over their stock to a central controlling board
stock marketa place where shares are bought and sold
corporationa large business organization that acts as a separate unit
social assistanceold age pension, welfare, disability pensions...

Marcia Hogg

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