Vocabulary
Prices should be determined by supply and demand
What is the Law of Supply and Demand
Sank the US deeper into the depression and brought a new tariff system into the US
Who is Herbert Hoover
The stock market on the NYSE collapsed. Start of the Great Depression.
What is Black Tuesday
Someone who owns shares in a company
What is a stockholder
Brought relief to America, saved banks and capitalism
Who is Franklin Delano Roosevelt
Title I: Grants for Old-Age assistance
Title IV: Grants for Aid to Dependant Children
Title X: Grants for Aid for the Blind
What is Social Security
When share prices go up 20%
What is a bull market
"Roosevelt or ruin", A third of the nation listened to his podcasts
Who is Father Charles Coughlin
Froze international trade, and created unemployment
What is the Smoot-Hawley tariff act
Record number of stocks were traded by panicked investors on 10/24/29
What is Black Thursday
Money given to a broker to save an account
What is a margin
Brought attention to the New Deal programs, hardships, and needs for low-income housing
Who is Eleanor Roosevelt
Federal Emergency Relief Act, Civilian Construction Corps, Tennessee Valley Authority Act; Alphabet Soup
What is the New Deal (Programs = Half points)
When stocks go down 20% for a prolonged time
What is a bear market
Proposed a way to end poverty; All The Kings is based off of him
Who is Huey Long
Rolled bandages, knit scres, and built furniture for the Charity. Made friendship boxes with school supplies and personal items. Grew food in Victory Gardens. Distributed wheat, cotton, clothing, food, and canned fruits and vegetables.
What is the American Red Cross Volunteers (ONLY Volunteers)