Ch. 22.1 Flashcards
Who is now a well-known photographer, author, and filmmaker? He was a 16-year-old high school student in the fall of 1929.
Gordon Parks
What is the number of new dwellings being built?
Housing starts
What industry suffered the most during the Great Depression?
Agriculture
What bill did congress try to pass to help out farmers that called for federal price supports?
McNary-Haugen bill
What is it called when the government buys surplus crops at guaranteed prices and sells them on the world’s market?
Price-supports
What is an arrangement in which consumers agreed to buy now and pay later for purchases?
Credit
Credit would sometimes be in the form of this, usually in monthly payments. It included interest charges.
Installment plan
What to candidates ran in the election of 1928?
Who won?
Republican - Herbert Hoover - president
Democrat - Alford E. Smith
Who is the current president in 1928?
Coolidge
What is a period of rising stock prices?
Bull market
What is buying stocks and bonds on the chance of a quick profit, while ignoring the risks?
Speculation
What is paying a small percent of the stocks price as a down payment and borrowing the rest?
Buying on margin
When did stock prices peak and then fall?
September 1929
What was it called when the bottom fell out of the market and the nation’s confidence?
On what day did this happen?
Black Tuesday
October 29
What was the period from 1929 to 1940 in which the economy plummeted in unemployment skyrocketed called?
The Great Depression
