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16 Cards in this Set

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