global chp. 28: the west between wars vocab

depression

a period of low economic activity and rising unemployment

collective bargaining

the right of unions to negotiate with employers over wages and hours

deficit spending

when a government pays out more money than it takes in through taxation and other revenues, thus going into debt

fascism

a political philosophy that glorifies the state above the individual by emphasizing the need for a strong central government led by a dictatorial ruler

nazi

shortened form of the german nazional, or the national socialist german workers’ party; a member of such party

concentration camp

a camp where prisoners of war, political prisoners, or members of minority groups are confined, typically under harsh conditions

aryan

a term used to identify people speaking indo-european languages; nazis misused the term, treating it as a racial designation and identifying the aryans with the ancient greeks and romans and twentieth-century germans and scandinavians