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The Great Depression
N/A
10
History
8th Grade
04/06/2009

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Cards

Term
on margin
Definition
on margin is when people paid only part of the cost for stocks and borrowed the rest from stock brokers hoping their stocks would earn enough money to pay back the bebt. 
Term
black tuesday
Definition
the stock market crashed on tuesday, october 2, 1929. the prices of stock began to drop so people started selling all of their stocks to save whatever money they could. 
Term
the great depression 
Definition
a time of economic downturn following black tuesday and lasting until 1941. 
Term
bankrupt
Definition
when businesses aren't able to reapay their debts.
Term
relief program
Definition
a program to help the needy
Term
soup kitchen
Definition
churches set these up so the hungry could get food
Term
public works
Definition
programs set up by the government to give jobs to the unemployed in order to lower the unemployment rate and conserve natural resources.  
Term
hoover ville
Definition
the name given to the shacks people lived in showing the discontent with the president.
Term
bonus
Definition
an additional sum of money
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