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5 Cards in this Set

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  • Back
speculation
undertaking risk on stocks or real estate for the chance of profit
real wages
value of income adjusted to account for inflation; used to compare wages in different time periods
installment buying
a method of paying for an expensive item over many months in installments and including interest
welfare capitalism
Industrial policy of meeting workers' needs with increased pay and benfits for the prupose of preventing labor union organization
Herbert Hoover
Thirty-first President of the United States 1929-1933;worked to aid Europeans during World War I; respond ineffectivly to 1929 stock market crash and Great Depression