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Wall Street Crash
Refers to the stock market crash of 1929, leading to the Great Depression.
League of Nations
International organization established after WWI to promote peace and cooperation.
Isolationism
US foreign policy of avoiding entanglement in foreign affairs.
Economic Boom
Period of rapid economic growth, such as the Roaring Twenties.
Stock Market
A market where securities like stocks are bought and sold.
Great Depression
Severe economic downturn in the 1930s marked by high unemployment and poverty.
Constitution
Fundamental laws and principles that govern the US.
Supreme Court
The highest judicial body in the US, responsible for interpreting the Constitution.
Republicans
Political party in the US advocating conservative policies.
Democrats
Political party in the US advocating liberal policies.
Mass Production
Manufacturing large quantities of goods using assembly lines.
Henry Ford
Founder of Ford Motor Company and pioneer of the assembly line.
Production Line
Method of manufacturing where products move along a line for assembly.
International Harvester Trucks
Company producing agricultural equipment and vehicles.
Mass Consumption
High levels of consumption by the public.
Industrial Efficiency Movement
Efforts to improve productivity and efficiency in industries.
Chain Store
Retail store part of a group of stores under the same brand.
Hire Purchase
Buying goods by paying in installments.
Over-production
Producing more goods than can be sold, leading to economic issues.