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?
Delapidated buildings in the Depression were called?
Hoovervilles
The name of the United States stock market.
What is The New York Stock Exchange?
The ability of a person to acquire goods and services prior to payment
What is credit?
This percentage of Americans had zero savings prior to the Great Depression.
What is 80%?
A general upward movement of prices in the economy
What is inflation?
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?
How are agriculture prices a cause of the Great Depression
Prices were too low
During the dust bowl, farmers moved to this area?
What is west coast?
What was the nickname of the Army that marched on Washington to protest world war war pay?
Bonus Army
When companies were making too much of something.
What is overproduction?
Buying stock by using a loan
Who is margin?
List one reason businesses started to fail
Deflation, overproduction, no loans?
This percentage of banks failed by 1933.
What is 20 percent?
How did the unequal distribution of income add to the financial turmoil of the time?
People on the lowest end of income curve were unable to purchase items
President during the New Deal
Franklin Roosevelt
A rapid and severe decline of stock prices, particularly in 1929.
What is the stock market crash?
Business failures typically led to a rise in this jobs measurement
What is the unemployment rate?
This raised tariffs (import/export tax) on foreign products.
What is The Hawley-Smith Tariff Act?
Hoover initiated a tariff and this other measure to help balance the budget for the federal government
What is tax
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?