Herbert Hoover's approach to the Depression economy was based on a belief in this.
What is voluntary cooperation?
100
The name of the day the stock market crashed in 1929.
What is Black Tuesday?
100
This group in the 1920's was made up of World War I veterans demanding early payment of government bonuses.
What is the Bonus Army?
200
Property pledged to guarantee a loan
What is collateral?
200
Those who buy in anticipation of rising stock prices
What is a bull?
200
Soon after the stock market crash, Herbert Hoover attempted to help the economy by asking businesses and labor unions to this.
What is cooperate?
200
Buying stocks on the chance of a quick profit without considering risks is known as this.
What is speculation?
200
Marchers picketed in this city.
What is Washington D.C.?
300
Loans that can be terminated at any time by the borrower or the lender
What are call loans?
300
Those who sell in expectation of falling stock prices
What is a bear?
300
Hoover's policies to deal with the depression were considered this.
What is limited?
300
A widely used barometer of the stock market's health, which is based on the stock prices of 30 representative large firms trading on the New York Stock Exchange is called this.
What is Dow Jones Industrial Average?
300
He introduced legislation that would authorize full payment of compensation to veterans before 1945.
Who is Wright Patman?
400
Hoover's theory that if enough money is given to the big businesses, the money will make it to the bottom of society
What is the Trickle Down Theory?
400
Using your own money to put a small down payment on stock and borrowing the rest from a broker
What is buying on margin?
400
After the stock market crash, President Hoover asked businesses to not do this.
What is lay off workers?
400
A record number of people tried to sell their stock on Wall Street on Oct. 29, 1929, resulting in this.
What is Black Tuesday or the stock market crash?
400
His forces violently attacked the Bonus Army with tear-gas and drove them out of Washington D.C.
Who is General MacArthur?
500
This is an arrangement in which consumers agree to buy now and pay later for purchases, often on an installment plan that includes interest charges.
What is credit?
500
This was not a normal market of the 1920's
What is a bull market?
500
Herbert Hoover believed that _________.
Choose one answer.
a. economic depression could be cured by new laws
b. the government should not be involved in relief
c. Laissez-Faire did not work in the United States
d. the unemployed should be compensated
What is B ?
500
During the 1920's, because investors were paying more for stock than it was actually worth, prices of stock did this.
What is rose, increased, or became inflated?
500
This act was designed to provide bonus payments to World War I veterans.