| A | B |
|---|
| Loan | The act of lending money to someone or a group of people. The receivers pay back the loan with an extra fee called interest. |
| Consumerism | A type of consumer spending; US individuals spend more money because an economy offers numerous new inventions and products. |
| Over-production | An excess amount of goods that leads to lower prices or a lot of unsold goods. Businesses produce goods that people can't buy. |
| Under-consumption | A situation where people are buying far less in an economy, which results in business depression (or a loss of money). |
| Stock Market | A place where every day people/investors can buy stock in businesses. When someone owns stock/shares in a business they are considered part of the company. If businesses do well, investors make money. If businesses do poorly, investors lose money. |
| Stocks | Shares of a company that are sold to investors in order to raise money for the company in the hopes that the company's overall value will increase. |
| Investors | People who put their money into the stock of a company in the hope of the stock value increasing. |
| American Dream | The belief that every American can work hard to get what they want. |
| Old industries | Older Industries such as mining and textiles where wages were 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 and their success. |
| Herbert Hoover | President of the United States from 1929-1933 who believed in laissez-faire economic policies that took a hands-off approach to the economy. |
| Unemployment | State of being unable to find a job when you are actively searching for one. |
