| A | B |
|---|
| speculation | Taking chance in stock market |
| welfare capitalism | Employers offered benefits & higher wages |
| buy on margin | Paid fraction of price and bought rest |
| real wages | what money could actually buy |
| GNP | Gross National Product |
| collateral | security for loans |
| stock market | crashed in 1929 |
| Hoover | elected president in 1928 |
| socialists | called for gradual social and economic change |
| Roosevelt | elected president in 1932 |
| FDR | Roossevelt's initials |
