Economics Vocabulary
The buying and selling of shares of businesses
What is the stock market?
The competition between America and the USSR to land a man on the moon
What is the Space Race?
The years of America's involvement in World War 2
What is 1941-1945?
The court case that upheld the ban on teaching evolution in public schools
What is the Scopes Monkey Trial?
President who refused to shoot a bear
Who is Teddy Roosevelt?
The phenomenon when one business has exclusive possession of a particular market
What is monopoly
The home country of Brother Andrew, a Bible smuggler to communist countries during the Cold War
What is the Netherlands?
Where Americans stormed the beaches to begin taking back France from the Germans in WWII
What is Normandy?
The segment of business that is focused on recreation and entertainment
What is the leisure industry?
Workers in a particular industry who came together as a group that could bargain with employers
What are unions?
The increase of prices and the fall of the purchasing power of money
What is inflation?
The President who was instrumental in negotiations to dismantle the USSR
Who is Ronald Reagan?
The chemical used in bombs during the Vietnam War
What are Agent Orange or Napalm
The buffer area between North and South Korea
What is the demilitarized zone?
The group of African-American children who challenged segregation by going to school under armed guard in Arkansas
Who are the Little Rock 9
The relationship between how much of something is produced and the wish of consumers to buy it
What is supply and demand
The city divided into West and East which had to be stocked by air for over a year because of a Russian blockade
What is Berlin?
The city in which a federal court building was blown up by Timothy McVeigh in the 90s
What is Oklahoma City?
Creating sensational headlines with little or no foundation for the purpose of selling newspapers
What is yellow journalism?
William Randolph Hearst and William Pullitzer
A group of corporations who agree to cooperate with one another giving those corporations significant market power
What is a trust
The idealogical divide between the countries in Western Europe and the Communist countries to the east
What is the Iron Curtain
The actual book written by Adolph Hitler and used by Max to make a journal for Liesel in The Book Thief
What is Mein Kampf
The documents that contain the history of America's role in the Vietnam War and leaked to the press by Daniel Ellsberg in 1971
What are the Pentagon Papers?
The political group in 1970s which formed to further conservative agendas
What is the moral majority?