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AH2 U4L1 Vocab Review

AB
LoanThe act of lending money to someone or a group of people
ConsumerismA type of consumer spending focused on new products and inventions
OverproductionAn excess amount of goods that leads to lower prices or a lot of unsold goods
UnderconsumptionA situation where people are buying far less in an economy, which results in a business depression
Stock MarketA place where everyday people can buy stock in businesses
StocksShares of a company that are sold to investors to raise money for the company
InvestorsPeople who put their money into the stock of a company to make money
American DreamThe belief that Americans can work hard to get what they want
Old IndustriesIndustries like mining and textiles where wages are low
Roaring TwentiesA boom time when consumerism encouraged people to buy on credit, and new music, dances, and entertainment helped people celebrate the end of WWI
Herbert HooverPresident of the United States from 1929-1933 who believed in laissez-faire economics
UnemploymentState of being unable o find a job when you are actively searching for one



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