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15 Cards in this Set

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