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23 Cards in this Set
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bull market
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A bull market is associated with increasing investor confidence, and increased investing in anticipation of future price increases (capital gains). A bullish trend in the stock market often begins before the general economy shows clear signs of recovery.
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bear market
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A bear market is a general decline in the stock market over a period of time.[6] It is a transition from high investor optimism to widespread investor fear and pessimism. According to The Vanguard Group, "While there’s no agreed-upon definition of a bear market, one generally accepted measure is a price decline of 20% or more over at least a two-month period."[7] It is sometimes referred to as "The Heifer Market" due to the paradox with the above subject.
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margin buying
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In finance, a margin is collateral that the holder of a financial instrument has to deposit to cover some or all of the credit risk of their counterparty (most often their broker or an exchange
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gross national product
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is the market value of all products and services produced in one year by labor and property supplied by the residents of a country.
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business cycle
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The term business cycle (or economic cycle) refers to economy-wide fluctuations in production or economic activity over several months or years.
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Herbert Hoover
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was the 31st President of the United States (1929–1933). Hoover was originally a professional mining engineer and author
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Black Tuesday
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also known as the Great Crash, and the Stock Market Crash of 1929,
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Black Thursday
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also known as the Great Crash, and the Stock Market Crash of 1929, was the most devastating stock market crash in the history of the United States, taking into consideration the full extent and duration of its fallout
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Great Depression
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was a severe worldwide economic depression in the decade preceding World War II. The timing of the Great Depression varied across nations, but in most countries it started in about 1929 and lasted until the late 1930s or early 1940s.[1] It was the longest, most widespread, and deepest depression of the 20th century
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Smoot-Hawley Tariff
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was an act, sponsored by United States Senator Reed Smoot and Representative Willis C. Hawley, and signed into law on June 17, 1930, that raised U.S. tariffs on over 20,000 imported goods to record levels
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Mutualists
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is an anarchist school of thought that originates in the writings of Pierre-Joseph Proudhon, who envisioned a society where each person might possess a means of production, either individually or collectively
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breadlines
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long line of people waiting to be fed
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shantytowns
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is a slum settlement (sometimes illegal or unauthorized) of impoverished people who live in improvised dwellings made from scrap material
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Josefina Fierro de Bright
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later Josefina Fierro de Bright, was a Mexican American leader who helped organize resistance against discrimination in the American Southwest during the Great Depression
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James Hilton
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was an English novelist who wrote several best-sellers, including Lost Horizon and Goodbye, Mr. Chips.
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James T. Farrell
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was an American novelist. One of his most famous works was the Studs Lonigan trilogy, which was made into a film in 1960 and into a television miniseries in 1979.
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William Faulkner
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was an American writer and nobel prize laureate from Oxford, Mississippi
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nugged individualism
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is the moral stance, political philosophy, ideology, or social outlook that stresses "the moral worth of the individual
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Andrew Mellon
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as an American banker, industrialist, philanthropist, art collector and Secretary of the Treasury from March 4, 1921 until February 12, 1932.
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Reconstruction Finance Corporation
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was an independent agency of the United States government, established and chartered by the US Congress in 1932, Act of January 22, 1932, c. 8, 47 Stat. 5, during the administration of President Herbert Hoover.
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Bonus Army
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The Bonus Army was the popular name of an assemblage of some 43,000 marchers—17,000 World War I veterans, their families, and affiliated groups—who gathered in Washington, D.C
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Franklin D. Roosevelt
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January 30, 1882 – April 12, 1945), also known by his initials, FDR, was the 32nd President of the United States (1933–1945)
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Eleanor Roosevelt
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was the First Lady of the United States from 1933 to 1945
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