Great Depression

Deficit Spending

Spending more then you have eventually leads to national debt.

Bureaucracy

System of government where state officials make decisions not elected representative.

Bull Market

When the economic prices are increasing.

Buying on margin

To receive a loan to buy a stock

Social Security Administration

Provided support for the needy including things like paying pension to retired people, financial help to disabled people, help to single mothers.

Laissez-faire

Hands off government no regulation completely opposite of socialism

Socialism

Hands on government where the government tries to regulate the wealth inequality by taking tax from wealthy and giving it to needy.

Capitalism

Free market system government where buissness operate for profit with the goal of ruling the economy.

Corporation

A company that is being owned by shareholders who invest in the company to do well financially.

Stock

Piece of a company usually an extremely small piece which means you give the company money because you believe it will do well and if so you receive profit sometimes dividends.

Buying on credit

Purchasing something immediately and paying smaller down payments overtime to add up to full price.

Initial Public Offering (IPO)

When a private company becomes public for the first time to get money for expansions or other reasons.

Works Progress Administration (WPA)

Employed people to build and restore smaller infrastructure projects like sidewalks/

Public Works Administration (PWA)

Major projects of infrastructure completed overtime spent around 6 billion.