Vocabulary
Graduate (noun)
Someone who has studied for and got a degree from a university.
To live on the breadline
To be very poor, as if one could (or does) rely on food donations to survive. A "breadline" is a line of people seekingfood distributed by a charitable or government agency.
Where is Mark Boyle from?
Ireland
What were the roaring 20's about?
Optimism, consumerism and economic expansion.
Crops.
A plant such as a grain, fruit, or vegetable that is grown in largeamounts by farmers.
To live beyond your means
To spend or owe more money than one is earning or is able to repay
What university degree does Mark Boyle have?
A degree in economics.
What was the new method of buying in the 20's?
Buying on credit.
Sweatshop (noun)
A small factory where workers are paid very little and work many hoursin very bad conditions.
To make ends meet
To earn and spend equal amounts of money.
What does Mark Boyle say about the relationship between consumers and producers?
Consumers are distanced from the process of production so they do not worry about the consequences of wasting resources.
Who said 'we in America today are nearer to the final triumph over poverty than ever before in the history of any land' just on year before the crisis?
President Herbert Hoover
Budget (noun)
A plan that shows how much money you have and how you will spend it.
To move the goal post.
If someone moves the goalposts, they change the rules or aims in a situation or activity, in order to gain anadvantage and to make things more difficult for the other people involved.
What does money give to us according to Mark Boyle?
An illusion of independence and security.
What was the period after the Wall Street crash known as?
The great depression
Bottom-trawling (noun)
An industrial fishing method where a large net with heavy weights is dragged across the seafloor, scooping up everything in its path.
To fritter something away.
To gradually use something up, especially wastefully or without serious purpose
'Be the change you want to see in the world' Mahatma Gandhi
Stock prices plumetted.