Causes of Stock Market Crash
“This historic event saw prices and values slip quickly, leading to a huge sell off and the falling of prices to a record low. Americans went from wealth to broke in a single day.”
Stock Market Crash
The possession of a property by a bank for non payment
Foreclosure
Three categories that FDR organized his policies into
RELIEF
RECOVERY
REFORM
Communities mocking the president who was in power during the days of the crash
Hoovervilles
Calculate:
153.34 per share
purchased 57 shares
budget of 5000
what is investment and what is left over amount?
you dont have enough to invest you cant make this investment
One plan of action was to tax imports, what was this plan called
SMOOT-HAWLEY ACT (Trade restrictions)
what over 25 percent of the population dealt with
unemployment
This program first was voluntarily, but overtime it became a involuntarily program that all Americans use and still use today, helping seniors prepare for retirement
Social Security SS
222.31 per share
45 shares purchased
budget: 15000
invested total and remaining?
Remaining: 4996.05
Invested: 10003.95
Dust Bowl or DROUGHT
could no longer keep up with the demand for withdrawals, At this time, there was no insurance, many lost all their savings. They had run dry
Bank closures
Up to 100,000 bank insurance for depositors, this program is still in effect
FDIC-Federal depository insurance Corporation
self-reliant
NY
Americans are in no condition to do this, leading to a reduction in this due to the crash and other economic issues
Purchasing
Demand for goods decreased, leading to less production and sales.
Business failures
to bring electrical power & economic recovery. Some examples are waterways, fertilizer, cheap electricity.
The Hoover Dam was built using this program
TVA--TENNESSEE Valley Authority
Some would use this an insoles for shoes
cardboard
What was the amount of days that FDR used to organized many sectors of the economy that were under pressure due to stock market crash?
100 days
EMERGENCY BANKING RELIEF ACT
CLOSING BAD BANKS
STRONG BANKS OPEN
FDIC SET UP THROUGH LEGISLATION
The process or transaction in which banks were lending people money and the money was being used to invest in stocks
part two: inaccurate value of a company ( not part of question)
margin, wild speculation
The year FDR took office (his first terms)
This program, still in existence, allows for the fed government to regulate the exchange of investments on our markets
SEC--Securities and exchange commission
The officials who often raided Hoovervilles were _____________, while others would be vigilantes using_______________________to intimidate those building Hoovervilles
sheriffs, baseball bats
What act helped set up the FDIC legislation?
GLASS STEAGALL ACT