1. The Great Depression Part I, 1929-1932 Vocabulary List

2. The Great Depression Definition: the economic crisis and period of low business activity in the U.S. and other countries, roughly beginning with the stock- market crash in October, 1929, and continuing through most of the 1930s.

3. Installment Plan Definition: The payment of money over time toward the total cost of an item.

4. Stock Market Definition: A place where stocks, or shares in businesses, are bought and sold.

5. Depression Definition: A time when the economy of a nation falls sharply.

6. Default Definition: To fail to pay a loan when it is due.

7. Foreclosure Definition: To take the property of someone who has failed to pay back a loan.

8. Hooverville Definition: a shantytown of temporary dwellings during the depression years in the United States.

9. Communism Definition: An economic system in which the government owns all property and businesses.

10. Bonus Definition: Money given in addition to what is owed.

11. Bonus Army Definition: A gathering of 20,000 Great War veterans in Washington, DC in June 1932, to demand immediate payment of their “adjusted compensation” bonuses voted by Congress in 1924. Congress rejected their demands, and President Hoover ordered U.S. troops to drive them from the capital.

12. Migrant Worker Definition: A worker who travels from place to place to harvest crops.

13. Public Works Project Definition: Construction projects paid for by public funds.