|Scooped by Alexandria Choma|
Vocabulary (1929-1938) Depression. Deffinitions.
"The Great Depression"-12 year economic and social disaster that begins in the United States and eventually spreads around the world. ( During the Great Depression many people bacame homeless
"Hooverville"-a shantytown built by unemployed and destitute people during the Depression of the early 1930s.(His family had no choice but to sell there house and move into an area where everyone was alike, Hoovervilles.)
"Shanties"- Shacks or huts, made from cardboard and stheel used as shelter and homes for the homeless.( People came together looking around scarp yards for material to make their Shanties.)
"Hobo"-a homeless person; a tramp or vagrant.(He was homeless wondering the street, as a person stopped and handed the Hobo, 5 cents and said "Good Luck".)
"Stock"-the capital raised by a business or corporation through the issue and subscription of shares. ( between1982 and 1986, the value of the company's Stock rose by 86%.)
"Bread Lines"- Homesless people waiting in lines for free broth and soup, to feed them the whole day. (The Bread Line lasted 5 hours and was a mile long full fo homeless people waiting on hunger)
"Black Tuesday"- October 29, 1929 is the day that the stock market crashed.(We had waited to here the news of the big disaster everyone was crying about and realized out live changed today, a day called black Tuesday.)
"Black Thursday"- October 24, 1929; almost 13 million shares sold that day alone.( Stock markets lowerd like crazy when Black Thursday came around)
"National Debt"-the total sum of money that a goverment owes to others.( National Debt consumed the United States in 1929 making the nation poor.
"Bull Market"- a market characterized by rising prices for securities.( They had no source for money with the crazy Bull Market)