Unit 5 Vocab Flashcards (Great Dep. & New Deal)

Front

Laissez-faire

Back

An economic policy of letting owners of industry and business operate without government interference.

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Consumerism

Back

The protection or promotion of the interests of consumers, often emphasizing the acquisition of goods and services (buying stuff).

Front

Buying on margin

Back

The practice of purchasing stocks by paying only a portion of the price and borrowing the rest.

Front

Tariff

Back

A tax imposed on imported goods and services to protect domestic (home) industries or generate revenue (money).

Front

Rugged Individualism

Back

The belief in self-reliance and minimal government intervention in personal and economic affairs.

Front

Speculation

Back

The act of investing in stocks, property, or other ventures in the hope or plan of gain but with the risk of loss.

Front

Diffusion

Back

The spreading of something more widely, such as ideas, culture, or technology.

Front

Advent

Back

The arrival or beginning of something significant.

Front

Credit

Back

The ability to obtain goods or services before payment, based on trust that payment will be made in the future.

Front

Quota

Back

A fixed share or amount assigned to a person or group, often used in trade or production limits. (we applied this concept to immigration in prior units)