| A | B |
|---|
| deficit spending | spending MORE money than you make |
| buying on margin | borrowing money in order to buy stocks |
| debt | the money you OWE a bank/lender |
| laissez-faire | "let it be" - government non-involvement in the economy |
| Bull Market | a stock market that is in a period where the value is rising |
| Bear Market | a stock market that is in a period where it is losing value |
| Bonus Army | WWI veterans that marched on Washington asking for their veteran "bonuses" to help them get through the Great Depression |
| New Deal | set of programs created by FDR to stimulate the economy |
| Dust Bowl | a period of severe dust storms in the mid-west |
| installment buying | paying for things over a period of time |
| Hooverville | nickname given to tent cities and other places where the homeless found shelter |
| Public Works Projects | Projects created for the good of the community and funded by the government (ie: Schools, parks, hospitals, etc.) |
| relief | to give immediate help (ie: money) to people who are poor |
| recovery | the plan to fix the economy of the United States |
| reform | the plan to create new regulations in order to prevent another Great Depression from happening |
| brain trust | President Roosevelt's group of advisors |
| migrant worker | a worker who moves around the country in search of work |
| Reconstruction Finance Corporation | an independent agency of the US Government that gave aid to state and local governments as well as businesses to rebuild the ecnonomy |
