Definitions
The collapse of the United States and world economies beginning in 1929
Great Depression
October 29, 1929. Sharp fall in the stock market. 16 million shares were sold. $14 billion dollars were lost. This event was known as...
What is Black Tuesday?
He was President when the Stock Market Crashed.
Who was Herbert Hoover?
Condition during the Great Depression, when people lost their houses and belongings.
What is homelessness?
City where the United States stock market is located.
What is New York?
This is when you buy shares in a company.
What is invest?
Out of fear, and a rumor, people began pulling their money out of banks as banks had to begin calling in debts between 1930-1931.
What is the Run on the Banks?
This is when stores allow their customers to pay off purchases over a period of time.
What is installment plans?
The century the Great Depression occurred.
What is the 20th Century?
The name of the United States stock market.
What is The New York Stock Exchange?
This is what you purchase when you buy a piece of a company.
What is a share?
This percentage of Americans had zero savings prior to the Great Depression.
What is 80%?
When the stock market grows over time.
What is a Bull Market?
These were young men who hitched rides on trains in search of work during the Great Depression.
Who are Hobos?
The name of the street that the stock market is on.
What is Wall Street?
You own this in a company.
What is stock?
This is when people put money in a bank.
What is a Deposit?
As farmers lost their jobs at the end of WW1, in search of factory work, most migrated to this region of the United States.
What is North or North East?
These were large lines where people waited to receive free food from the government.
What are Soup or Breadlines?
When companies were making too much of something.
What is overproduction?
This person buys, trades, and sells stocks for investors.
Who is a stockbroker?
These started to fail as banks could no longer afford to give out loans.
What is Businesses?
This percentage of banks failed by 1933.
What is 20 percent?
Condition when you lost your job during the Great Depression.
What is unemployed?
Name for the day before the Stock Market Crash of 1929.
What is Black Monday?
A rapid and severe decline of stock prices, particularly in 1929.
What is the stock market crash?
This is when people take money out of a bank.
What is a withdrawal?
This raised tariffs (import/export tax) on foreign products.
What is The Hawley-Smith Tariff Act?
Consumers stop doing this when they have little money or prices are too high.
What is spending (buying things)?
These two factors influence the relationship between the quantity of a commodity that producers wish to sell at various prices and the quantity that consumers wish to buy.
What is supply and demand?