World War ll Vocabulary

Great depression

• was the worst economic downturn in the history of the industrialized world lasting from 1929 to 1939

Business

• periodic patterns of growth Business

Black tuesday

• October 29, 1929. On this date, share prices on the New York Stock Exchange completely collapsed, becoming a pivotal factor in the emergence of the Great Depression

The american dream

• the ideal that every us citizen should have an equal opportunity to achieve

Overproduction

• the accumulation of unsalable inventories in the hands of businesses. Overproduction is a relative measure, referring to the excess of production over consumption. The tendency for an overproduction of commodities to lead to economic collapse is specific to the capitalist economy.

Keynesian economics

• he various macroeconomic theories about how in the short run – and especially during recessions – economic output is strongly influenced by aggregate demand

Speculation

• facts. engagement in business transactions involving considerable risk but offering the chance of large gains, especially trading in commodities, stocks, etc., in the hope of profit from changes in the market price.

Debit

• spending Deficit spending is the practice of government spending beyond its annual budget.Deficit spending is usually measured in Gross Domestic Product, which is the total amount of goods and services created by the country annually

Debt relief

• the situation in which a bank or a government tells a person, a company, or a government that they do not have to pay back the money they owe: There are plans to provide full debt relief for some African countries. Gifts in the form of money.

Income distribution

• includes the revenue streams from wages, salaries, interest on a savings account, dividends from shares of stock, rent, and profits from selling something for more than you paid for it. Income inequality refers to the extent to which income is distributed in an uneven manner among a population.

Repel cause distaste or aversion

• Their untidy appearance repelled us. to push back or away by a force, as one body acting upon another

Dust bowl

• the name given to the drought-stricken Southern Plains region of the United States, which suffered severe dust storms during a dry period in the 1930s. As high winds and choking dust swept the region from Texas to Nebraska, people and livestock were killed and crops failed across the entire region.

New deal

• A group of government programs and policies established under President Franklin D. Roosevelt in the 1930s; the New Deal was designed to improve conditions for persons suffering in the Great Depression.