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Chapter 22 vocab
vocabulary
14
History
7th Grade
04/05/2006

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Term
stock
Definition
shares of ownership in a corporation
Term
unemployment
Definition
loss of jobs--having fewer jobs available than the people needing them
Term
wildcatter
Definition
an oil operator who drills for wells in territory not known to contain oil
Term
law of supply and demand
Definition
general economic principle that expresses the relationship between the quantity and supply of a product and its price
Term
martial law
Definition
the law applied by government military forces in an emergency
Term
economies of scale
Definition
a reduction in unit costs brought about especially by increased size of production facilities
Term
dust bowl
Definition
the geographic area, including the Texas Panhandle, hardest hit by the drought during the 1930's where the soil was so dry it blew away in great clouds of dust
Term
alphabet agencies
Definition
government agencies that came to be known by the first initials of their names
Term
mural
Definition
artwork applied to a wall or ceiling
Term
cooperative
Definition
organized groups that borrowed money from the government to pay for installing electrical services
Term
contour plowing
Definition
plowing around the contour of a hill,rather than up and down, to conserve water
Term
pardon
Definition
to excuse from punishment
Term
strike
Definition
a refusal to work as protest against the employer
Term
arbitration
Definition
the process of allowing an impartial observer to resolve a dispute
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