Vocab. Warm ups 7-4.1 & 7-4.2

Thursday February 18 depression- a period of low economic activity combined with very high unemployment Stock market crash –a time when stock prices fell or “crashed” at record rates

Thursday February 18 buying on margin –people only paid for part of the cost and borrowed the rest from stockbrokers margin call –a demand for immediate repayment of a loan tariff –tax on imported goods from other nations

Thursday February 18 New Deal – a program designed to provide people with food and housing, create jobs, stimulate industry and set up gov. programs to prevent future depressions Inflation –a period of rising prices and decreasing monetary values

Friday, February 19 Civilian Conservation Corp SC unemployment rate over 30% New Deal to SC in March 1933 400,000 South Carolinians CCC Young men & WWI vets Housing, meals, $30/month $22-25 sent home each month

Hyperinflation

Hyperinflation

Monday February 22 Totalitarian state –a system in which leaders totally control the way citizens think and live Nazi Party –National Socialist German Workers’ Party –led by Adolf Hitler was aimed to restore Germany to power Nazism –Hitler’s political beliefs

Monday February 22 propaganda –planned effort to influence public opinion or the way people feel about an issue/idea/person censorship –banning all written, spoken, or visual messages critical of the government

Tuesday February 23 13. Fascism –government glorifies the state above the individual, economics Communism –form of socialism practiced in the Soviet Union that in theory would end all class differences and private property

Tuesday February 23 15. anti-Semitism –intense dislike and prejudice against the Jewish people Purged –forcibly removed (the Communist Party in USSR did this to anyone who opposed them)

Friday February 26 17. Five-Year Plans –Stalin’s economic plans to change the country from an agricultural economy to an industrial nation Collectivization –Stalin combined small farms into big ones and put them under government control

Friday February 26 militarism –a nation puts its military above all else and used it to achieve national goals aggression –warlike acts against other nations