vocab
depression
period when economic decline
what was black Thursday and Tuesday
stock market decrease that led to the depression
who was Herbert Hoover
31st president with a wealthy mind
who was F.D.R.
president who ended the great depression
what was the dust bowl
period of severe dust storms
dividend
company's earnings
what is stock
share of ownership
what was the teriff act
stopped international trade
who was Sinclair lewis
American of capitalism and materialism
what was the bonus army
veterans who demanded for money
Bull market
stock goes over 20%
what is the stock market
buy and sell stock here
what happened during Hooverville and homeless
people where in need for shelter, so they built shacks
what did karl marx found
Socialism/Individualism
what was the bonus army asking for
immediate payment
stock exchange
trading stock
what is a stock broker
someone who buys and sells stock.
how did homelessness happen
invested too much money and could not pay taxes
what did Eleanor roosevelt do
helped give comfort
did the bonus army win
No, they failed against the goverment
law of supply and demand
high demand=increase, low demand=decrease
how did this happen
everyone would put their money to invest in until everyone did and then they all lost their money, bank runs.
how did they fix this
they fixed this with government producing charities and volunteering
what was Socialism/Individualism
individual
what did the dust storms disturb
argiculture