STAAR Economics Terms Review

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

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

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

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

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

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

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

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

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

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

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

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

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

A government ban on trade with other countries is called

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

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

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

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

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

Transition from agricultural based society to machine based society.

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

Pres Lyndon Johnson's economic war on poverty was called

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

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

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