The Crash
The main cause for the crash
What is Inflation of Stocks
Invested highly in stock market, and lent customers money and ultimately went out of business.
What are Banks
Who Americans blamed for not doing enough to fix the economy
What is President Hoover
The stock market crashing is considered the start of the great depression
What is True
What a stock represents
What is partial ownership of a company
The time of year where the stock market peaked
What is summer of 1929
Effect of the Banking Crisis
What is the Buisness Crisis
They set up soup kitchens and breadlines
What is Private Charities
Most stocks on the stock market are sold by the government.
What is False
What does IPO stands for
What is initial public offering
The day the stock market officially crashed, over 16 million shares were traded on Wall Street, a record standing for 39 years.
What is Black Tuesday/ Oct. 29
Deep and long-lasting recession, businesses produce more than they can sell.
What is a Depression
What the bonus army wanted
What is Early payment of money.
Hoover's reaction to the stock market crash was to largely avoid federal intervention
What is True
Advantages for the company giving out stocks
What is fund new iniatives and boost overall market value
Purchasing stocks on credit or borrowed money
What is buying on margin
The up and down pattern of an economy bouncing back after a recession and depression.
What is the Business Cycle
Who Hoover thought it was up to provide relief besides the Federal Government.
What is Private individuals
Hoover mainly tried to help the farmers
What is True
Percentage of value lost of stocks on the New York Stock Exchange
What is 50%
The day prices were climbing higher and higher, everyone wanted to get wealthy, and the stock market lost $11 billion in value
What is Black Thursday/ Oct. 24
In 1929, richest earned 1/3 of all income while others earned 1/8 and couldn't afford many goods, especially after WW1.
What is uneven distribution of wealth
He evicted the Bonus army of force using US troops
What is Douglass MacArthur
After 2 months, over $40 billion was lost
What is False
The month in 1932 where 20,000 World War I veterans marched on the US Capitol to request early payment of cash bonuses for their military service not due until 1945.
What is June