Buildings, machines, or anything used in production. Oh, also money!
What is capital?
100
Making risky investments for a short term gain. (Who cares about the long term?)
What is speculation?
100
Between 1923 and 1929, production increased a surprising 32% (production being measured as "output per worker-hour." Which led to this...
What is overproduction
200
Mr. Gates and I are business partners. I bought a part of his company. This "part" is also called this...
What is a share?
200
This is when you only pay with whatever you have in your pocket. We'll send you a much larger bill later. But with this you can walk out of here with a brand new flat screen today!
What is buying on margin?
200
By 1929, everyone who could buy a car or a radio probably already had one. The economy was showing signs of this
What is underconsumption?
300
This is the guy with all the hot tips that's gonna make me rich!
What is a broker? stockbroker?
300
Before "Black Tuesday," the US experienced this type of economy
What is a bull market?
300
Between 1921 and 1929, this doubled from $3.1 to $6.9 billion
What is personal debt?
400
Today, the current economy could be described as this type of market
What is a bear market?
400
Considered a "middleman" between banks and investors
What is a stockbroker?
400
The US government raised taxes on goods from Europe. This made Europeans raise taxes on American goods. This weakened the economy.
What is the Hawley-Smoot Tariff Act?
500
People started freaking out, worried their money would disappear. After the stock market crash, this made everything much worse
What is a bank run?
500
I'm a guy who bought shares on a margin. Now the bubble burst and I had to sell my home & car.
What is an investor?
500
This is the bank that manages the nation's money supply. It made a big mistake by raising interest rates which made less money available in the US economy