Economic And Great depression Flashcards

(42 cards)

0
Q

Private or corporate ownership of goods and means of production,investments are determined by private decision and prices, production, and distribution of hoods are determined mainly by competition

A

Capitalist economy

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1
Q

System of producing goods and services,distribution,and money

A

Economy

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2
Q

System in which the means of production and goods are owned by the government and are available to all is needed along with elimination of private property.

A

Communist economy

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3
Q

System of collective or government ownership and administration of the means of production and distribution of goods

A

Socialist economy

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4
Q

Money that is left over after the expenses are paid

A

Profit

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5
Q

Represents a piece of a company’s growth and profits

A

Stock

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6
Q

The money needed to buy goods needed to produce a product

A

Capital

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7
Q

What quantity and what price people are willing and able to buy the product at given times

A

Demand

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8
Q

Share of profits paid to a stockholder

A

Dividend

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9
Q

What quantity and what price is available to buy at a given time

A

Supply

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10
Q

The rate of exchange for a good or service

A

Price

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11
Q

Negotiates contracts for purchase and sale

A

Broker

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12
Q

Amount loaned at a person’s disposal

A

Credit

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13
Q

Amount taken against a bank account

A

Debit

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14
Q

Period of reduced economic activity, a slow down

A

Recession

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15
Q

Increase in general price level

A

Inflatation

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16
Q

Period of low general economic activity in several areas marked especially by rising levels of unemployment

17
Q

groups of shacks in which the homeless lived during the Great Depression

18
Q

October 29, 1929 was the day the stock market crashed signaling started Great Depression

A

Black Tuesday

19
Q

Region in the central Great Plains that was hit by severe drought during the 1930s

20
Q

Group of black leaders who unofficially advise Pres. Franklin D Roosevelt

A

Black cabinet

21
Q

Worst period of economic decline in U.S history, 1929-1941

A

Great Depression

22
Q

Veterans who marched to Washington in 19 3210 Amand immediate payment of world one bonus

23
Q

Programs that help the needy

A

Relief programs

24
Projects built by the government for public use
Public works
25
Pay only part of the cost of the stock when they make the purchase, down payment 10% if value falls to .5 repay loan
On margin
26
Pres. During G.D ( 1939-1933
Herbert Hoover
27
Closed everything bank in the country for four days
Bank holiday
28
Spoke in a chair near a fireplace in White House
Fireside chats
29
A mural by Grant Wood who painted an Iowa farmer and a daughter who looked determine to survive the hardships
American Gothic
30
Three main goals: 1) relief for jobless 2) plans for economic recovery 3) reforms to prevent another depression
New Deal
31
Sum of money paid to people on a regular basis after they retire
Pension
32
Process by which a union representing a group of workers negotiate with management for contract
collective bargaining
33
Stop all machines and refused to leave the factory
Sit down strike
34
Government spent more then took in
Deficit spending
35
People who moved from one region to another in search of work
Migrant workers
36
gave Indians more control over their own affairs
Indian new deal
37
1939 Novel by John Steinbeck
Grapes of wrath
38
Movie after science fiction novel with Orson Welles
War of worlds
39
Gov. of New York 1928 and presidential candidate in 1932
Franklin D Roosevelt
40
College professors who are experts on economic issues
Brain trust
41
Symbol for NRA
blue Eagle