The Great Crash The Wall Street Crash of October 1929, when the New York Stock Exchange collapsed after a selling wave in which stock values tumbled in a panic following an all-time high.
The Great Depression Worldwide depression triggered by the Wall Street Crash. The era extended from 1930-39, with the depths reached in 1933.
Hegelian Dialectics The philosophical concept that in the world of ideas, change occurs as the result of a synthesis, or coming together of opposing forces: a given idea (thesis), when challenged by a new and opposing idea (antithesis), results in a new concept (synthesis) which is somewhat closer to the truth than the initial two ideas.
Historical Materialism Marx's economic interpretation of history, which stresses economics as the basis for all human actions and historical events.
The Hundred Days The period of remarkable cooperation between President Roosevelt and Congress, beginning with a special session on March 9, 1933, when the basic measures of "Relief, Recovery, and Reform" were enacted into law.
Imperialism The extension of authority, or control, of one nation over another.
Industrial Revolution The transition from the stable agricultural and commercial society of the Western world to the modern industrialized society; the second stage of capitalism.
Iron Law of Wages Labor's wages must remain at the subsistence level, or natural price, because of the worker's tendency to produce more children. (David Ricardo)
