Great Drepression

Vocabulary List

On Margin

The initial or down payment made to the broker for the asset being purchased

Stock Market Crash

a sudden dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth
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a period of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters

The Great Depression

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


a tax or duty to be paid on a particular class of imports or exports

Totalitarian State

a government that subordinates the individual to the state and strictly controls all aspects of life by coercive measures


the practice of officially examining books, movies, etc., and suppressing unacceptable parts
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Black Shirts

a member of a fascist organization having a black shirt as a distinctive part of its uniform; especially : a member of the Italian Fascist party


an authoritarian and nationalistic right-wing system of government and social organization

Benito Mussolini

Italian Fascist statesman, Prime Minister 1922–43
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a political theory derived from Karl Marx, advocating class war and leading to a society in which all property is publicly owned and each person works and is paid according to their abilities and needs

Adolf Hitler

Austrian-born Nazi leader, Chancellor of Germany 1933–45
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he body of political and economic doctrines held and put into effect by the Nazis in Germany from 1933 to 1945 including the totalitarian principle of government, predominance of especially Germanic groups assumed to be racially superior, and supremacy of the führer
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the lower house of the parliament during the period of the Second Reich and the Weimar Republic

Enabling Act

a statute empowering a person or body to take certain action, especially to make regulations, rules, or orders

Josef Stalin

1879–1953, Soviet leader; general secretary of the Communist Party of the Soviet Union (1922–53)
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The Soviet Union enforced the collectivization of its agricultural sector between 1928 and 1940 during the ascendancy of Joseph Stalin. The policy aimed to consolidate individual landholdings and labor into collective farms: mainly kolkhozy and sovkhozy
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