Great Drpression Dec 2009

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  1. Great Depression
    the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
    The Great Depression contributed to political upheaval.
  2. market forces
    the interaction of supply and demand that shapes a market economy
    Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability.
  3. Depression
    a period during the 1930s when there was a worldwide economic depression and mass unemployment
    The Great Depression contributed to political upheaval.
  4. isolationism
    a policy of nonparticipation in international relations
    Isolationism spread as nations sought to protect domestic production by imposing tariffs and quotas, ultimately reducing the value of international trade by more than half by 1932.
  5. gold standard
    system that defines money's value in terms of precious metal
    These and other conditions, worsened by monetary policy mistakes and adherence to the gold standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment (by 1932, 25–30%).
  6. stock market
    an exchange where security trading is conducted by professional stockbrokers
    It began in the U.S. soon after the New York Stock Market Crash of 1929 and lasted until about 1939.
  7. monetary
    relating to or involving money
    These and other conditions, worsened by monetary policy mistakes and adherence to the gold standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment (by 1932, 25–30%).
  8. financier
    a person skilled in large-scale monetary transactions
    Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain.
  9. quota
    a prescribed number
    Isolationism spread as nations sought to protect domestic production by imposing tariffs and quotas, ultimately reducing the value of international trade by more than half by 1932.
  10. Franklin Roosevelt
    32nd President of the United States
    Franklin Roosevelt, who introduced major changes in the structure of the U.S. economy through his New Deal.
  11. economic
    of or relating to production and management of wealth
    Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain.
  12. creditor
    a person to whom money is owed by a debtor
    Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain.
  13. unemployment
    the state of not having a job
    These and other conditions, worsened by monetary policy mistakes and adherence to the gold standard, led to much-reduced levels of demand and hence of production, resulting in high unemployment (by 1932, 25–30%).
  14. tariff
    a government tax on imports or exports
    Isolationism spread as nations sought to protect domestic production by imposing tariffs and quotas, ultimately reducing the value of international trade by more than half by 1932.
  15. Hitler
    German Nazi dictator during World War II (1889-1945)
    The Depression also advanced Adolf Hitler’s rise to power in Germany in 1933 and fomented political extremism in other countries.
  16. financial
    involving fiscal matters
    Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain.
  17. economy
    the system of production and distribution and consumption
    Franklin Roosevelt, who introduced major changes in the structure of the U.S. economy through his New Deal.
  18. election
    a vote choosing the winner of a position or political office
    It led to the election of U.S. Pres.
  19. government
    the system or form by which a community is ruled
    Before the Great Depression, governments relied on impersonal market forces to achieve economic correction; afterward, government action came to assume a principal role in ensuring economic stability.
  20. Europe
    the 2nd smallest continent
    Since the U.S. was the major creditor and financier of postwar Europe, the U.S. financial breakdown precipitated economic failures around the world, especially in Germany and Britain.
  21. nation
    a politically organized body of people under a government
    Isolationism spread as nations sought to protect domestic production by imposing tariffs and quotas, ultimately reducing the value of international trade by more than half by 1932.
Created on 十二月 9, 2009 (updated 十二月 9, 2009)

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