Examlex
The division of labour is the dividing of the production process into a series of specialized tasks,each done by a different worker.
Herbert Hoover
The 31st President of the United States, serving from 1929 to 1933, best known for his leadership during the early years of the Great Depression.
Smoot-Hawley Tariff
1930 act that raised tariffs to an unprecedented level and worsened the Great Depression by raising prices and discouraging foreign trade.
Economic Crisis
A period characterized by widespread financial instability, which may lead to a recession and significantly impact employment and wealth.
American Individualism
A cultural value that emphasizes the importance of individual freedom, self-reliance, and independence, traditionally considered a hallmark of American society.
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