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| anything that is determined by the value of goods and services |
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| paper/cotton form of currency |
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| exchange for the use of goods and services |
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| something that keeps its value if it is stored rather than used |
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| coins and paper bills used as money |
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| objects that have value in themselves as well as for use as money |
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| objects that value as a token that can be exchanged for something else of value |
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| money that has value because the government has ordered that is an acceptable means to pay debts |
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| an institution for receiving, keeping, and lending money |
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| a bank chartered or licensed by the national government |
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| paper currency issued by the north during the civil war |
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| a monetary system in which paper money and coins can be converted into a certain amount of gold |
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| the nation's central banking system |
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| bank that can lend to other banks in times of need |
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| bank that belongs to the federal reserve system |
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| the national currency we use today in the U.S. |
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| the severe economic decline that began in 1929 and lasted for more than a decade |
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| Taxes that pay for Social Security and Medicare |
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| the money available in the U.S. economy |
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Term
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| the ability to be used as or directly turned into cash |
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| market in which money is lent for periods less than a year |
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| a specific type of loan that is used to be buy real estate |
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| the price paid for the use of borrowed money and earned by deposited funds |
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| the amount of money borrowed |
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| On October 29, 1929, on black Tuesday |
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| Brokerages allowed customers to speculate on... |
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Definition
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| If the stock price fell the broker would make... |
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| On the morning of October 24... |
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| nervous investors began selling their stocks off quickly |
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| the day known as black tuesday... |
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Definition
| marked the first day of real panic |
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| a symptom rather than a cause |
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| Depression is a result of... |
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Definition
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| crash brought an end to the loans that the U.S... |
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| extended to European countries |
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| Europe lost any economic gains made... |
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| in the 10 years since WWI |
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| economies of Latin American countries, quickly |
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| Latin American, governments fell and |
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| in Europe the hardships of depression inspired |
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| a variety of extremist political groups |
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| 2 days after FDRs inauguration all the banks in the country |
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| the New Deal bolstered... |
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| cwork building dams and schools |
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| 3 components of the New Deal |
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| Federal Emergency Relief Administration |
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| founded in 1922, Hoover program to create unskilled jobs |
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| Works Projects Administration |
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Definition
| national labor program with 2 million employees |
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| Civil Works Administration |
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Definition
| they administered work to local civilian unemployed |
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| Civilian Conservation Corps |
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Definition
| took kids around the world to work with paid expenses |
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| National Industrial Recovery Act |
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| industries set up regulations to reduce unfair competition |
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| built large public works projects |
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| codified standards for the sale and purchase of stock |
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| Tennessee Valley Authority |
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| provided financial assistance |
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| provided financial assistance |
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