A | B |
speculator | person who invests in a risky venture in the hopes of making a lot of money |
depression | period when businesses decline, prices & wages fall, unemployment rises |
Laissez Faire | French word for "hands off"/government should play as small a role as possible in economic affairs |
mudslinging | use of insults to attack an opponent's reputation |
Martin Van Buren | 8th President of US/ elected President in 1836(after Jackson)/politician/country suffered a depression & Panic of 1837/blamed b/c he did little to help economy |
Panic of 1837 | financial panic & depression/ state banks loaned $ to speculators /printed worthless paper/people take out $/no gold/ panic |
William Henry Harrison | "Hero of Tippecanoe"/Whigs candidate for President in 1840/election focused on war record/won election/died a few weeks later |
John Tyler | Harrison's Vice-President/took over Presidency after 1 week/former Democrat/against Whig plans/most cabinet resigned |