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Glossary

Chapter 31: American Life in the "Roaring Twenties," 1919-1929

bear market

when stock prices are generally going down.

Bible Belt

the region of the American South, extending roughly from North Carolina west to Oklahoma and Texas, where Protestant Fundamentalism and belief in literal interpretation of the Bible have traditionally been strongest.

bull market

when stock prices are generally going up.

Functionalism

the theory that a plan or design should be derived from practical purpose.

installment plan

a credit system by which goods already acquired are paid for in a series of payments at specified intervals.

Magnate

an influential person in a large-scale enterprise.

Provincial

narrow and limited; isolated from cosmopolitan influences.

Racketeer

a person who obtains money illegally by fraud, bootlegging, gambling, or threats of violence.

Repression

in psychology, the forcing of instincts or ideas painful to the conscious mind into the unconscious, where they continue to exercise influence.

Signatory

one who has signed a treaty of other document.

Surtax

a special tax, usually involving a raised rate on an already existing tax.

Syndicalism

a theory or movement that advocates bringing all economic and political power into the hands of labor unions by means of strikes.


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