Vocabulary
Buying goods now and paying later
What is consumer credit?
Buying stocks with borrowed money
What is buying on margin?
This caused people to lose their savings.
What were the bank failures.
The President who created the New Deal
Franklin D Roosevelt
Economic growth after WWII led to growth of this group
What is the middle class?
World Wide economic connection
what is globalization?
Risky investing for quick profit
What is speculation?
The event in 1929 when stock prices collapsed
What is the Stock Market Crash?
The Great Depression caused widespread economic hardship, also known as this
What is poverty?
Programs that provided immediate help to people.
What is "relief"?
New communities outside cities
What are suburbs?
Moving jobs to other countries
what is outsourcing
When stock prices rise beyond their real value
What is a market bubble?
A major economic weakness of the 1920s
What is overproduction OR excessive speculation?
Speculation helped create this economic condition before 1929
What is a market bubble?
New rules to prevent risky behavior and stabilize the economy so that people would trust banks again.
What are "recovery" programs?
One group that faced barriers during the postwar boom
What are women OR minorities?
Globalization often lowers this for consumers
what are prices?
Government financial support to help a group or industry
What is a subsidy?
Buying goods on credit becomes risky when people cannot do this
What is repay their loans?
The name of the camps where people lived outside cities/towns, after they lost their homes.
What are Hoovervilles?
One argument against government assistance programs.
What is dependency?
Discrimination in the postwar era limited access to this
What is jobs and housing?
A negative effect of globalization of US workers
What is job loss?
An economic system based on private ownership and profit
What is capitalism?
Speculation caused stock prices to do this before the crash
What is rise beyond their true value?
When investors speculated heavily, stock prices became this
What is "overvalued"?
These were the 3 goals of the New Deal.
What were relief, recovery, and reform?
The postwar economy showed both prosperity and this
What is inequality?
Globalization can increase this gap in society
What is economic inequality?