Chapter 14 Vocab

Question 1

an involvement in risky business transactions in an effort to make a quick large profit

Investment on anything that is done very quickly without considering risks or value

Answer 1

speculation

Question 2

the purchasing of stocks by paying only a small percentage of the price and borrowing the rest

Answer 2

buying on margin

Question 3

when stock prices fell sharply

Signals the beginning of the Great Depression

Answer 3

black tuesday

Question 4

the U.S. economy in a sever decline and millions of americans were unemployed, poverty, homelessness, inflation

Answer 4

great depression

Question 5

neighborhood in which people live in makeshift shacks

Unplanned, temporary, outskirts of cities, despair

Answer 5

Shantytown

Question 6

place where free or low cost food is served to the needy

Answer 6

soup kitchen

Question 7

line of people waiting for free food

Answer 7

bread line

Question 8

was made worthless for farming by drought and dust storms during the 1930’s

Vast geographic area or the great plain states, severe drought, nothing can grow, crates dust storms

Answer 8

dust bowl

Question 9

the giving of money or food by the government directly to needy people

Answer 9

direct relief

Question 10

the extreme disapproval of (or discontent with) a person or group on socially characteristic grounds that are perceived, and serve to distinguish them, from other members of a society.

Answer 10

stigma

Question 11

an arrangement in which a buyer pays later for a purchase, often on an installement plan w/ interest charges

Buy now, pay later

Answer 11

credit