Vocab
Define bear market
what is stocks are staying low
works were important to American capitalism during the wartime
Sinclair Lewis
what was one of the main goals of the Smoot-Hawley Tariff acts
To increase international trade
what was the date of Black Thursday
October 24 1929
What was the thing that started the dust bowl?
A drought and farming practicing
Define bull market
when stocks go up after a long time after they are low
created program to construct railroads,hospitals,and schools
Huey Long
Who signed the Smoot-Hawley Tariff into law
Herber Hoover
what happened during Black Tuesday?
investors traded 16 million shares in a single day around $14 billion of stock value was lost, the panic selling reached its peak with some stocks having no buyers
What were the two important people during the great depression?
Franklin D. Roosevelt
Huey Long
Define margin
amount of one thing different from another
had a radio show and talked about varies things that people loved
Father Charles Coughlin
How did the other countries respond to the Smoot-Hawley Tariff
by raising their tariffs
What happened on Black Thursday
investors sold stocks in a panic which caused millions of Americans to lose their job and some factories had to stop production
What was the new deal?
Something started by Franklin D. ROosevelt that helped the Great Depression
Define dividend
payments made by company and stockholders to distribute profits
became famous as his country's "food dictator". After the war, Hoover led the American Relief Administration
Herbert Hoover
What problem did the Smoot-Hawley Tariff cause internationally?
Froze international trade
who was president when Black Thursday and Black Tuesday happened?
Herbert Hoover
Define stock exchange
traders and investors sell shares of publicly traded companies
Define stockbroker
someone who buys stock for you to buy
American political figure, diplomat, and activist. She was the longest-serving first lady of the United States
Eleanor Roosevelt
What was the purpose of the reorganized Tariff Commission according to Hoover?
It was to make it so they would not have to much responsibility on Tariffs
(answers may vary)
what was the date of Black Tuesday
October 29 1929
What is Socialisim
social and economic exchange