vocab Flashcards
stock
an investment in a business’s goods for production
speculation
making high risk investments in hope of obtaining large profits
margin
paid only a small percentage of the value and borrowed the rest from a bank or broker
depression
the economic downturn
forecloser
the legal process that banks use to get back some of the money they loaned when a borrower can’t repay the loan
okies
name for dust bowl refugees
penny auctions
when farmers would auction off things for a penny to keep farm land
repatriation
when non american immigrants were deported back to home country
moratorium
a legal authorization to debtors to postpone payment
dole
government relief for help during the Great Depression.
subsidey
what the government paid farmers to not farm or work because of overproduction
unionization
to organize into a labor union, unions formed and grew during the great depression
demagogue
a political leader who seeks support by appealing to the desires and prejudices of ordinary people rather than by using rational argument.
stock market crash
business’ were lying about profit, people were investing in stocks, everyone lost money and the market essentially ended
dust bowl
storms, clouds and droughts with dust and dirt in the south and midwest
