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The Great Depression from Boom to Bust

The Great Depression from Boom to Bust. Vocabulary Preview. Depression A period of very low economic activity combined with high unemployment. Great Depression A time of economic despair that lasted for more than a decade. Inflation An economic situation in which prices rise quickly

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The Great Depression from Boom to Bust

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  1. The Great Depressionfrom Boom to Bust Vocabulary Preview

  2. Depression A period of very low economic activity combined with high unemployment. Great Depression A time of economic despair that lasted for more than a decade. Inflation An economic situation in which prices rise quickly while the value of money decreases.

  3. Hyperinflation An extreme form of inflation, with sharp, rapid price increases. Sabotage The deliberate destruction of a country’s property, resources, or productive capability by hostile parties. On Margin Paying only a portion of the cost of a stock and borrowing the rest from a stockbroker. (credit)

  4. Stock Shares in a company or corporation. Recession A moderate and temporary decline in economic activity. (a slowdown) Stock Market Crash A time when stock prices fell, or “crashed” at record rates.

  5. Black Tuesday October 29, 1929: A day the United States ex- perienced the biggest loss in financial worth in the stock market. ($10 to $15 billion dollars) Surplus An amount or quantity in excess of what is needed or required. Totalitarianism A governmental idea which states a dictatorial government should control all aspects of a citizen’s life.

  6. New Deal A program proposed by President Franklin D. Roosevelt and approved by Congress designed to provide people with food and housing, to create jobs, stimulate industry, and set up government programs to prevent future depressions. Protectionist Policies Policies designed by a nation to protect their domestic industries and services from foreign competition.

  7. “Runs on the Banks” A situation where a large number bank depositors demand their total deposits in cash simultaneously because of concern over a bank’s solvency. 16. Gold Standard A monetary standard under which the basic unit of money is equal to a specified amount of gold. 17. “Calling the Loan” A situation where banks could demand full payment of a loan.

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