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16 Cards in this Set
- Front
- Back
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What were price supports?
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the support of certain price levels at or above market level by the gov't. (helping farmers)
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What was the signal of the start of the Great Depression?
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Black Tuesday
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When did congress pass the McNary-Haugen Bill?
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Congress passed it in 1927 & 1928. Congress passed it twice and Coolidge vetoed it both times.
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At the 1928 election who was the Democratic canidate?
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Alfred Smith
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What proposed federal price supports?
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The McNary-Haugen Bill
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What is buying on margin?
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paying a small percentage of a stocks price as a down payment and borrowing the rest.
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When did the nations sick economy have a superficial prosperity?
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during the 1920's
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What were 4 Great Depression causes?
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1.old/decaying industrial base
2.crisis in the farm sector 3.availability of easy credit 4.unequal distribution of income |
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What period was the Great Depression?
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1929-1941
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During the 1920's, nearly half the nation's families earned less than ___ per year?
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$1,500
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At the 1928 election who was the Republican candidate?
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Herbert Hoover
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What happened Oct. 29, 1929? What was this day called?
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The bottom fell out of the market. Black Tuesday
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When was there an uneven distribution of income?
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during the 1920's
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When did the stock prices raise steadily?
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during the 1920's
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How many shares were dumped that day?
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16 million
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As stock prices rose, investors were engaging in speculation. What is speculation?
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They bought stocks and bonds on the chance that they might make a quick or large profit, ignoring the risks.
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