Unit 7 - Great Depression and New Deal Era

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Black Tuesday

Back

October 29, 1929 - Stock prices decreased quickly, wiping out millions of dollars of investment.

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Buying on Margin

Back

Borrowing money to invest in the stock market.

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Great Depression

Back

Lasted from 1929 - 1940, a period of unemployment, poverty, and debt in America.

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Gross Domestic Product

Back

The value of all goods and services produced in the United States.

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Installment Plans

Back

Paying for a product or service in small amounts over time.

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Run on the Banks

Back

When many people tried to withdraw all their money from banks, which had invested it in the stock market.

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Speculation

Back

Taking risks on a stock believed to grow quickly for fast profit.

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Stock Market

Back

Where individuals can invest money in companies they believe will be successful.

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Hoboes

Back

Nomads who traveled looking for work.

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Shantytowns

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Makeshift villages created by homeless Americans, called "Hoovervilles."