A | B |
Loan | The act of lending money to someone or a group of people |
Consumerism | A type of consumer spending focused on new products and inventions |
Overproduction | An excess amount of goods that leads to lower prices or a lot of unsold goods |
Underconsumption | A situation where people are buying far less in an economy, which results in a business depression |
Stock Market | A place where everyday people can buy stock in businesses |
Stocks | Shares of a company that are sold to investors to raise money for the company |
Investors | People who put their money into the stock of a company to make money |
American Dream | The belief that Americans can work hard to get what they want |
Old Industries | Industries like mining and textiles where wages are low |
Roaring Twenties | A boom time when consumerism encouraged people to buy on credit, and new music, dances, and entertainment helped people celebrate the end of WWI |
Herbert Hoover | President of the United States from 1929-1933 who believed in laissez-faire economics |
Unemployment | State of being unable o find a job when you are actively searching for one |