STAAR Economics Terms Review

Franklin Roosevelt's plan for recovery, relief and reform of the economy during the Depression.

Farmers moved out west because economic effect of this massive drought during the 1930s.

A sustained, long-term downturn in economic activity is called

Gov't program after WWII for veterans causing economic prosperity w/free college and home loans

New Deal gov't regulation/reform agency that guarantees your bank deposits up to $100,000

In the 1920s, buying stocks on margin with anticipation that the prices will rise led to the

A combo of companies that legally bind together reduce competition-Teddy Roosevelt busted them

A person who organizes, manages and assumes the risks of running a business or enterprise

Gov't regulation of goods implemented during wartime to ensure adequate supplies for military

When a company owns all parts of the industrial process needed to produce their product

Period after stock market crash where the American economy suffered and 25% were unemployed.

The stock market crashed and Great Depression started in what year?

The government issued ration books during World War II in order to

In Carter pres, this group created an embargo on oil supply to U.S. causing gas shortage

Total control of an industry by one person or company-ex: Rockefeller's Standard Oil trust

Law requiring equal opportunity and funding for both boys and girls sports in public schools.

Economic term for when a company grows by buying out its competitors of similar products

Pres Lyndon Johnson's economic war on poverty was called

A government ban on trade with other countries is called

Finished 1869, this connected the United States cities East to West and created economic growth

Transition from agricultural based society to machine based society.

Act of donating money 2 support humanitarian & social goals like Carnegie Hall, Rockefeller Ctr

Policy that gov't should NOT interfere with the economy-"hands off"

An ongoing increase in prices and decrease in the value of money

In the 1920s, buying stocks at great risk with anticipation that the prices will rise is called