11.7 history vocab

Buying on Margin

When you borrow money to buy stock

Consumerism

Increased emphasis on buying goods

Pump Primping

Economic theory which supports putting cash directly into the economy

“Trickle Down” Economics

Economic theory where tax breaks for the wealthy help the lower class

Laissez-Faire

Government non-involvement in economy

Rugged Individualism

Belief that you have to solve your own problems

Flapper

Stylish woman of the 1920s

Prohibition

Forbidding something (i.e. Alcohol)

Speakeasy

Illegal bar of the 1920s

Nativism

Policy which is against immigrants

Quota

A prescribed number or limit

Great Migration

Movement of African Americans from South to North and West

Harlem Renaissance

Rebirth of African American culture

Return to Normalcy

American way of life before Progressive Era and WWI

Isolationism

Not participating in international events

Tariff

Tax on imports

Prosperity

Having wealth, success

Consumer Goods

Things produced for the average citizen

Hoovervilles

Nickname for a Shanty Town

The New Deal

Nickname for the FDR administration domestic program for dealing with the Great Depression

Court Packing

FDR’s controversial plan to alter (change) the Judicial Branch.

Installment Buying

When you purchase goods on credit

Mass Production

Manufacturing large quantities of goods

Great Depression

Economic event triggered by the Stock Market Crash

Dust Bowl

Period of drought in the Great Plains

Bonus Army

WWI Veterans who wanted funds from the government

Speculation

Prediction/guess on a stocks future value