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5 Cards in this Set
- Front
- Back
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speculation
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undertaking risk on stocks or real estate for the chance of profit
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real wages
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value of income adjusted to account for inflation; used to compare wages in different time periods
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installment buying
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a method of paying for an expensive item over many months in installments and including interest
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welfare capitalism
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Industrial policy of meeting workers' needs with increased pay and benfits for the prupose of preventing labor union organization
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Herbert Hoover
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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
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