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The Great Depression, the Dust Bowl, and New Deal in Oklahoma


buying on credit: Taking out loans to purchase goods instead of using money.

conservation: Using natural resources with care.

deposit: Adding money to an account.

depression: A longer and worse period of economic hardship compared to a recession.

drought: A long absence of rainfall.

economist: A person who studies the movement of money and goods.

Hooverville: Shanty towns where people who lost their homes congregated in tents and shacks.

interest: Money charged on borrowed money.

labor: Work.

loan: Money borrowed that someone promises to pay back.

migration: Moving away from somewhere.

New Deal: The fiscal policy of President Roosevelt to alleviate poverty and provide assistance and jobs to Americans during the Great Depression.

oral history: An interview of a person who gives a verbal account of the past.

poverty: A state of financial distress.

recession: A period of time when many people lose money, jobs, homes, farms, and businesses.

sharecropper: A farmer who receive a share of the money raised from growing crops for a different person who owns the crops.

stock: A share or a piece of ownership in a company.

tenant farmers: Farmers who do not own the land where they live and farm.

unemployment: Measurement of the number of people without jobs.