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22 Cards in this Set
- Front
- Back
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Herbert Hoover
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President during great depression
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bull market
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one with an upward trend in stock prices
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bear market
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one with a downward trend in stock prices
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margin buying
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the practice of purchasing stocks with borrowed money
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Black Thursday
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October 24, 1929 when the prices plunged
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Black Tuesday
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October 29 prices sank to a shocking new low when panicked
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Gross National Product
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the total value of all goods and services produced in a given year
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Great Depression
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banking industries, business failures, and massive unemployment in the early 1930's
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Smoot-Hawley Tariff
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Congress continued to pass high tariffs such as this
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business cycle
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the regular ups and downs of business in a free-enterprise economy
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mutualistas
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mutual-aid societies
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breadlines
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chiaritable organizations where proverty-stricken men and women waited for bread.
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shantytowns
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collections of makeshift shelfters built out of packing boxes, scrap lumber, corrugated iron, and other thrown away items
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Josefina Fierro de Bright
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fled with her parents from revolution in Mexico to settle in California.
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James Hilton
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wrote Lost Horizon
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James T. Farrell
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protrayed the grim life of Chicago's Irish immigrants in his Studs Lonigan trilogy
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William Faulkner
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wrote the soundand the fury
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Margin Buying
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the practice of purchasing stocks with borrowed money
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Assembly Line
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Workers stood in one place as partially assemble products such as automobiles moved past on a conveyor belt
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auto-touring
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new craze where americans used their automobiles and drove around on vacations and such
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smoot-hawley tariff
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Congress continued to pass high tariffs
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great depression
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banking industries, business failures, and massive unemployment
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