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Social Studies > Economic And Great depression > Flashcards

Economic And Great depression Flashcards

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0
Q

Private or corporate ownership of goods and means of production,investments are determined by private decision and prices, production, and distribution of hoods are determined mainly by competition

A

Capitalist economy

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1
Q

System of producing goods and services,distribution,and money

A

Economy

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2
Q

System in which the means of production and goods are owned by the government and are available to all is needed along with elimination of private property.

A

Communist economy

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3
Q

System of collective or government ownership and administration of the means of production and distribution of goods

A

Socialist economy

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4
Q

Money that is left over after the expenses are paid

A

Profit

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5
Q

Represents a piece of a company’s growth and profits

A

Stock

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6
Q

The money needed to buy goods needed to produce a product

A

Capital

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7
Q

What quantity and what price people are willing and able to buy the product at given times

A

Demand

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8
Q

Share of profits paid to a stockholder

A

Dividend

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9
Q

What quantity and what price is available to buy at a given time

A

Supply

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10
Q

The rate of exchange for a good or service

A

Price

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11
Q

Negotiates contracts for purchase and sale

A

Broker

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12
Q

Amount loaned at a person’s disposal

A

Credit

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13
Q

Amount taken against a bank account

A

Debit

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14
Q

Period of reduced economic activity, a slow down

A

Recession

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15
Q

Increase in general price level

A

Inflatation

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16
Q

Period of low general economic activity in several areas marked especially by rising levels of unemployment

A

Depression

17
Q

groups of shacks in which the homeless lived during the Great Depression

A

Hooverville

18
Q

October 29, 1929 was the day the stock market crashed signaling started Great Depression

A

Black Tuesday

19
Q

Region in the central Great Plains that was hit by severe drought during the 1930s

A

Dustbowl

20
Q

Group of black leaders who unofficially advise Pres. Franklin D Roosevelt

A

Black cabinet

21
Q

Worst period of economic decline in U.S history, 1929-1941

A

Great Depression

22
Q

Veterans who marched to Washington in 19 3210 Amand immediate payment of world one bonus

A

Bonus army

23
Q

Programs that help the needy

A

Relief programs

24
Q

Projects built by the government for public use

A

Public works

25
Q

Pay only part of the cost of the stock when they make the purchase, down payment 10% if value falls to .5 repay loan

A

On margin

26
Q

Pres. During G.D ( 1939-1933

A

Herbert Hoover

27
Q

Closed everything bank in the country for four days

A

Bank holiday

28
Q

Spoke in a chair near a fireplace in White House

A

Fireside chats

29
Q

A mural by Grant Wood who painted an Iowa farmer and a daughter who looked determine to survive the hardships

A

American Gothic

30
Q

Three main goals:

1) relief for jobless
2) plans for economic recovery
3) reforms to prevent another depression

A

New Deal

31
Q

Sum of money paid to people on a regular basis after they retire

A

Pension

32
Q

Process by which a union representing a group of workers negotiate with management for contract

A

collective bargaining

33
Q

Stop all machines and refused to leave the factory

A

Sit down strike

34
Q

Government spent more then took in

A

Deficit spending

35
Q

People who moved from one region to another in search of work

A

Migrant workers

36
Q

gave Indians more control over their own affairs

A

Indian new deal

37
Q

1939 Novel by John Steinbeck

A

Grapes of wrath

38
Q

Movie after science fiction novel with Orson Welles

A

War of worlds

39
Q

Gov. of New York 1928 and presidential candidate in 1932

A

Franklin D Roosevelt

40
Q

College professors who are experts on economic issues

A

Brain trust

41
Q

Symbol for NRA

A

blue Eagle

Social Studies (8 decks)

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