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35 Cards in this Set
- Front
- Back
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stock market with raising prices
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Bull Market
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a stock market with declining prices
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Bear Market
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the investing of money in the stock market (high risk) in hopes of making a profit
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Speculation
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serious GLOBAL economic decline begining with OUR stock market crash
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Great Depression
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economic pattern in which businesses go through periods of prosperity and periods of depression
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Business Cycle
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buying stock with money from the bank (loan)
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Buying On Margin
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the stock market was at an all time high but too many people were investing with borrowed money. the brokers didnt have enough money to pay for all the loans so they borrowed from banks and the banks ran out of money
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stock market crash
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how did the crash hurt the banks?
2 ways!!! :-) |
1.) banks and small investors suffered great financial losses from their diminished stock values
2.) many investors couldn't pay the banks back because of the bear market |
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the news of the stock market crash sent people into a panic, they quickly went to ___________
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take their money out of the bank
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because so many people were withdrawing their money ______
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the banks started to LEGIT run out of money and close
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what happens to the employment rate?
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the employment rate goes down and the unenployment rate SKYROCKETS
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being out of work has the average (working class) american ___________
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struggling to feed their family, shelter, and clothe
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WWI veterans were promised a______ that they were denyed by the government because they didnt have the money
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war bonuses ( told that they couldnt cash their checks for 15 more years!)
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Herbert Hoover lost the presidential election to___________ (gov. of NY) in 1932
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Franklin Roosevelt
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who did america blame for the depression?
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the government
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what was the New Deal?
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programs to help get rid of the depression
-banks were inspected and reliable ones reopened -FDIC was started -CWA was started -CCC was started |
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what does FDIC stand for and what did it do?
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it was insurance for banks that if the closed that the owner of an account would have to get all their money up to 5000 dollars/ Federal Deposit Insurance Corp.
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what was the CWA? what did it stand for?
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the CWA or Civil Works Administration started the building of roads, sewers, and air ports and also employed a lot of people
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what was the CCC and what did it stand for?
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Civilian Conservation Corps
it was a organization that took men who would live a military life style and send money (financial relief) to their families |
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what was Hitler doing during the depression?
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starting to get Germany into Totalitarianism/Facisim creating the third reich
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what was the TVA?
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TVA stood for Tennessee River Authority and it was made to help the poorest parts of the country during the depression
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sit at work and refuse to work or move because of protest
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sit down strike
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what was the NLRA?
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NLRA=the national labor relations administration to improve working conditions
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prices o crops dropped so it was harder for farmers to pay their mortgages, some experienced
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forclosure
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farmers would have to give up their things which would be sold at _______ if they couldnt pay their debt
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auctions
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friends of the farmer would go to the auctions and angrily stare down the bidders so that they wouldnt bid, then the prices would go down to about 10 cents each then the friends would buy it for the farmer, this was called...
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Penny Auctions
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the dust bowl stretched from____ to ______
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North Texas to North Dakota
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the depression also affected..
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European countries and asian countries
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a politcal system in which the gov. controls every aspect of the citizens lives
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Totalitarianism
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Benito Mussolini of Italy was given temporary power as a dictator a long with his army called the ______
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Black Shirts
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a single person leads the gov. which is seen as more improtant than individuals
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Facisim
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the treaty of Versilles signed after WWI left Germany in TERRIBLE debt which left them in a terrible depression which led to the power being given to ______
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Hitler
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__________ meaning "My Struggle" blamed __________ for the defeat of Germany in WWI
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Mien Kamph/ Communists, intelectuals, and jews
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Nazis, are part of the________ party
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Socialist
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what does Kristall Nacht mean in english? what happened?
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"night of broken glass" & the nazis destroyed 7,500 jewish businesses, and damaged 200 synagogues
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