A | B |
buying on the margin | Buying stock by paying only a portion of the full cost up-front with promises to pay the rest later |
Black Tuesday | October 29,1929, the day stock market crashed |
Great Depression | Period of bad economic times in the US that lasted from 1929 to 1941 |
Dust Bowl | Area of the Great Plains made worthless for farming by drought and dust storms in the 1930's |
shantytown | a neighborhood where people live in shacks |
soup kitchen | Place where free food is served to the needy |
bread line | a line of people waiting for free food |
Herbert Hoover | republican nominee in 1928, 31st president |
Bonus Army | unemployed WWI veterans who marched to Washington to demand their bonuses |
drought | a long period of unusually low rainfall |
Hoovervilles | shantytowns named after president |
credit | promise to pay something later |
public works | Federal spending to fund projects such as highways, parks and libraries to create jobs |
Federal Deposit Insurance Corporation | Insured savings accounts in banks approved by government (FDIC) |
migrant workers | farmers / farm workers who moved to California after the Dust Bowl and moved from place to place to harvest fruits and vegetables |
inflation | The value of money decreases and is usually associated with a rise in prices |