Great Depression Vocabulary
Vocabulary Word
Definition
Tariff
A tax on imports or exports
Great Depression
Hoovervilles
the severe economic crisis that happened during the 1930s
shanty towns (built out of boxes, tents, etc) during the Great Depression named for
President Hoover because he did not try to help bring the nation out of the
depression (Laissez-Faire)
Subsidy
money the government gives to a person or company so that they will eventually
help others
Work Relief
programs that gave jobs to the unemployed
New Deal
the ideas that FDR came up with and that Congress approved to help solve the
problems of the Great Depression
Dust Bowl
the name given to the area of the southern Great Plains that suffered from a lack of
rain (drought) and dust storms
Migrant Worker
a person who moves from place to place to find work picking fruits and vegetables
Federal Reserve
a federal agency that regulates banking
Pension
money paid to a person on a regular basis, usually after they retire
Stock
shares of ownership in a company which can be bought and sold for money
Credit/Margin
a form of a loan; borrowing money that will be paid back later with interest