Vocabulary
What is the definition of stock, stockbroker, and stockholder?
Stock is capital raised by a business, a stockbroker, is a person who buys and sells stock for someone else. and a stockholder is someone who has stock ia company.
Who is Herbert Hoover?
The 31st president of the United States who was blamed for the Great Depression.
What was the Smoot-Hawley Tariff act?
It raised tariffs, other countries did the same making it impossible to trade during the Depression.
What was the New Deal?
It was a series of programs designed to bring America out of the Depression.
What was Black Thursday?
It was when people panicked a began selling all their stock.
What is Dividend?
Dividend is money paid from a company to its share holders.
Who is Franklin D. Roosevelt?
The president who created the New Deal polices and helped bring America out of the Great Depression.
Did Government involvement in the market help recovery?
No, Government involvement hindered recovery.
What was the New Deal nicknamed?
It was nicknamed alphabet soup.
What is Black Tuesday?
It was when the New York Stock Exchange collapsed.
What is a Depression?
A severe downturn in the economy.
Who is Father Charles Coughlin?
He was a influential radio broadcaster during the Great Depression.
Did tax rates continue to increase after FDR was elected?
Yes, tax rates continued to increase?
Why did states not help the poor?
They did not have enough money.
Who did the Dust Bowl affect the most?
It affects farmers the most.
What is the difference between a Bull and Bear market.
A Bull market is growth in shares, while a Bear market is a downward trend in the stock market.
Who is Huey Long?
He was the governor of Louisiana who had a radical approach to helping the poor.
What ultimately brought America out of the Great Depression?
WWII
What is the purpose of soup kitchens?
To feed the poor.
What is the Dust Bowl?
It was a series of severe dust storms in the U.S.
What is Margin?
Margin is the amount of money with a broker for security.
Who is Sinclair Lewis?
He was a novelist and critic who wrote about anxieties and political tensions during the Great Depression?
What are reforms?
They are changes in the economy to help the people.
What is relief?
It is help others to lighten their burden.
Why did the U.S. isolate themselves after WWI?
People did not want to be pulled into another war.