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15 Cards in this Set
- Front
- Back
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Credit
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arrangement in wh8ihc consumers agree to buy and pay later for purchases often on an installment plan including interest
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Speculation
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making extremely risky business transactions on the chance of making quick or consideable profits.
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Caus of the Great Depression
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Tariffs on foreign goods.
Availability of easy credit. A crisis in the farm sector. |
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Blcak Tuesday
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refers to stock market crash of October 29, 1929
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Buying on Margin
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paying a small percentage of stock's price as a down payment and borrowing the rest
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Great Depression
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period from 1924 to 1940 which economy fell and unemployment skyrocketed
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Causes of Dust Bowl
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Drought
High winds Overproduction of crops |
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Bonus Army
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World Wr I veterans and their families
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Effects of the Great Depression
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Children had a poor diet.
Families became homeless Men became unemployed |
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Direct relief
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Gobernent system for giving payments or food to the poor.
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Hoovervilles
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disust with Hoover
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Voluntary Cooperation
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Hooer approach to the Depression economy
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Great Depression effects on people
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developed saving and thriftiness
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Important causes of of Great Depression
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Individuals, business build debt
Fed gov did not insure bank accounts Stock market crashed |
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Farming Crisis of 1920
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The dust bowl took out land production
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