Unit 6 Century of Booms Vocab

Front

Economic cycle: high demand leads to high output, falling prices, and hard times.

Back

Boom and Bust Cycles

Front

A framework or tower that supports a drill over a deep hole

Back

Derrick

Front

A town with sudden growth in population and business

Back

Boomtowns

Front

A person who starts a business and risks loss to make money

Back

Entrepreneur

Front

Type of economy allowing free buying, selling, and production

Back

Free Enterprise

Front

Source of gasoline oil

Back

Petroleum

Front

Economic development of manufacturing from natural resources

Back

Industrialization

Front

Tropical storm with winds of at least 74 mph

Back

Hurricane

Front

The right to vote

Back

Suffrage

Front

More products than demand or need

Back

Surplus