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.
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.
