The Great Depression Vocab Flashcards
Amendment that repealed Prohibition.
21st Amendment
Bonus Army
Group of WWI veterans and their families that marched on Washington D.C. to demand an early payment of their war pensions. Violence erupted between protestors and federal troops.
Group of WWI veterans and their families that marched on Washington D.C. to demand an early payment of their war pensions. Violence erupted between protestors and federal troops.
Bonus Army
Command Economy (Communism)
An economic system in which all decisions on production and consumption are made by a central government.
An economic system in which all decisions on production and consumption are made by a central government.
Command Economy (Communism)
Deficit Spending
Government spending of borrowed money; when the government spends more than it collects in revenue.
Government spending of borrowed money; when the government spends more than it collects in revenue.
Deficit Spending
Depression
Severe economic downturn marked by high unemployment, a sharp decrease in economic activity, and falling prices and wages
21st Amendment
Amendment that repealed Prohibition.
Dust Bowl
A region of the Great Plains that had a severe period of drought and dust storms during the 1930s
A region of the Great Plains that had a severe period of drought and dust storms during the 1930s
Dust Bowl
Economic Growth
Increase in the economy’s ability to produce goods and services over time
Increase in the economy’s ability to produce goods and services over time
Economic Growth
Hayley-Smoot Tariff
A high import tariff enacted by Congress in 1930
A high import tariff enacted by Congress in 1930
Hawley-Smoot Tariff
Hoovervilles
Makeshift shelter of the homeless during the Great Depression
Makeshift shelter of the homeless during the Great Depression
Hoovervilles
Migration
Movement from one area to another, possibly influenced by a specific reason
Movement from one area to another, possibly influenced by a specific reason
Migration
Nationalization
Ownership of major industries by the government
Ownership of major industries by the government
Nationlization
Market Economy (Capitalism)
An economic system in which decisions on production and consumption are made by individuals acting as buyers and sellers
An economic system in which decisions on production and consumption are made by individuals acting as buyers and sellers
Market Economy (Capitalism)
National Debt
The total amount of money owed by the national government (accumulated over time)
