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7 Cards in this Set

  • Front
  • Back
span in which the economy expands, then contracts
business cycle
Most severe economic downturn in the nation's history, which lasted from 1929 to 1941
Great Depression
collapse of the American stock market in 1929
Great Crash
the measure of the average of stock prices of major industries
Dow Jones Industrial Average
Day in which the stock market crashed in 1929
Black Tuesday
How did the overspeculation in the stock market endanger the economy?
Speculation resulted in many stocks being purchased with borrowed money, so the rise in stock prices had no solid foundation.
How did the Great Depression affect other countries?
During the Depression, other countries were not able to pay their war debts and international trade slowed. Poor economic conditions spread to many countries.