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13 Cards in this Set
- Front
- Back
- 3rd side (hint)
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Buying on margin
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paying small percentage of a stock as a down payment
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Price Supports
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The support of a certain price levels at or above market values
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price SUPPORT..SUPPORTS price level
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Speculation
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buying stocks and bonds expecting large profits
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Black Tuesday
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stocks fell sharply
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Great Depression
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1929-1941 when economy decline and people were out of work
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Dow Jones Industrial Average
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barometer of the stock market: based on prices of the 30 large firm trades
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Averaged prices of trade
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Hawley-Smoot Tariff Act
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Designed to help farmers and manufacturers by protect products from foreign competition
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Only Tariff act!
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shantytowns
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little towns consisting largely of shacks
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ShanyTown...Town of Shacks
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Soup Kitchens
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place where food was offered to people
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had to bring food somewhere else to eat
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Bread lines
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Lines of people waiting to recieve food
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Could eat there
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Direct relief
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cash payments or food provided by the government
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Relief by food or money
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Herbert Hoover
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President in 1929
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Boulder Dam
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designed to jump-start the economy and add jobs
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later called hoover Dam
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