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

Glossary

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.

Hoovervilles: 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.

Sharecroppers: Farmers 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.