3/1 Great Depression Flashcards
buying stock with borrowing money.
Margin Buying
- The largest protest occurred at this place in May of 1932 when the Bonus Army protested because they did not receive their WWI pension bonuses
Washington D.C.
Hoover’s Secretary of the Treasury who supported laissez-faire economics.
Andrew Mellon
pants pockets that are empty and turned inside out.
Hoover Flags
a government agency, established by Hoover to help farmers during the Depression.
Federal Farm Board (FFB)
wrote a book about finding a perfect society (Utopia) in Tibet.
James Hilton
Date of the stock market/ beginning of the Great Depression
October 29, 1929
a Mexican who came to the U.S. and became a prominent activist against discrimination in America.
Josefina Fierro De Bright
What the day of the stock market crash is referred to as
Black Tuesday
the natural ups and downs of business and the economy
Business/Economic Cycle
4 Phases of Business Cycle
(STARTING AT THE LEFT SIDE OF THE CIRCLE AND GOING UP) Recovery/Growth, Peak, Recession, Depression
an upward trend in stock prices.
Bull Market
when the customers of a bank or other financial institution withdraw their deposits at the same time over fears about the bank’s solvency.
Bankrun
the Democrat who would follow Hoover as President in 1932.
Franklin D. Roosevelt
The term used to define the 1920s, one of the most prosperous decades in American history.
Roaring 20’s