1. Vocab. Warm ups
7-4.1 & 7-4.2

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

3. 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

4. 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

5. 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

6. Hyperinflation

7. Hyperinflation

8. 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

9. 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

10. 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

11. 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)

12. 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

13. 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