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Capter 6 Terms

Deandra Power

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4.An occurence that happened twice in America's history, sustained by the fear of communism in the United States. Follows McCarthyism (2 Words)
8.An updated version of the concept in which the government and the state play a key role in the protection and promotion of the economic and social well-being of the people. (3 Words)
14.The economic gap between the rich and the poor. (2 Words)
15.To wish to lower the status of groups that ar immigrating into your country because the groups are considered alien to the natural culture.
16.This happens when a large number of customers withdraw their deposits from a bank because they believe the it is unable to pay off its own debts. (2 Words)
1.He advocated the use of fiscal and monetary measures to mitigate the negative effects of economic depressions. His ideas are the root of Keynesian economics. (3 Words)
2.When a family is given capital for each member under the age of approximately 18 years. (2 Words)
3.a series of economic programs implemented in the United States between 1933 and 1936, they were Roosevelt's response to the Great Depression, and focused on the "3 Rs": Relief, Recovery, and Reform. (2 Words)
5.A member-owned financial cooperative, controlled in a democratic fashion by its members. (2 Words)
6.Invented and produced the first available automobiles, as well as was one of the first to implement mass production on an assembly line. (2 Words)
7.The production of large amounts of standardized products, especially done on assembly lines (2 Words)
9.a sudden drop in stock prices across a significant portion of the stock market, resulting therefore in a significant loss of wealth. (3 Words)
10.The central Bank in this country that belongs to the people. (3 Words)
11.The doctrine of isolating a country from the affairs of other nations.
12.To be without a job or career, especially when involuntary (laid off).
13.When a company has exclusive control of a service or product in a market, and therefore has total control over prices.

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