LEARNING TARGET: I will be able to explain how the economic growth of the 1920s was built on shaky foundations and doomed to fail.
SS.EC.3.6-8.MC: Evaluate employment, unemployment, inflation, total production, income and economic growth data and how they affect different groups.
Important Vocabulary:
Debt - An amount of money owed by a person, business, or government when they spend more money than their current income.
Loans - is the act of giving money, property or other material goods to another party in exchange for future repayment of the amount along with interest.
Interest - The cost a person must pay for the privilege of borrowing money.
Stock Market - a market, or location, where stocks can be bought or sold.
Stock -Â term describing the ownership of part of a business which means the owner benefits from the profits or losses of that business.
Investment - an item that is purchased with the hope that it will generate income or will increase in value in the future.