| A | B |
|---|
| laissez faire capitalism | Lenient, as in the absence of government control over prices. |
| consumerism | large-scale buying, much of it on credit. |
| Fire Side Chat | Informal radio broadcast in which FDR explained the issues and New Deal programs to the average American. |
| fundamentalism | movement or attitude stressing strict and literal adherence to a set of basic principles. |
| nativism | Belief that native-born white Americans are superior to newcomers. |
| Prohibition | The forbidding by law the manufacture, transport, and sale of alcohol. |
| speculation | practice of making high-risk investments in hopes of obtaining large profits. |
| Speak Easy | establishment that sells alcoholic beverages illegally. |
| Easy Credit | when one gives a down payment on a product to receive it, then pays small amounts over a long period of time to pay it off instead of paying the full price up front. |
| Harlem Renaissance | Period during the 1920s in which African American novelists, poets, and artists celebrated their culture. |
| New Deal | Programs and legislation encacted by Franklin Roosevelt during the Great Depression to promote economic recovery and social reform. |
| localism | policy relied on by Herbert Hoover in the early years of the Depression whereby local and state governments act as the primary agents of economic relief. |
| Pump Priming/Deficit Spending | Economic theory that favored public works projects because they put money into the hands of consumers who buy more goods, stimulating the economy. |
| Welfare State | Government that assumes responsibility for providing welfare of the poor, elderly, sick, and unemployed. |
| Great Depression | Period lasting from 1929 to 1941 in which the United States economy faltered and unemployment soared |
