Chaptee 12 Flashcards
Buying On Margin
Investers buy stock for fraction of price and borrow the rest
Speculation
Making high risk investments in hope of high gain
Gross National Product
Total value of good and services a country produces annually
Hawley Smooth Tariff
Highest import tax
21st
Repeals prohibition
John J. Raskob
Everybody ought to be rich and invented skyscraper
Dorothea Lange
Photographer shower desperation/bravery
1920 economy
Prosperity and wealth
Who faced the hardest times
Farmers, blue collared workers, african americans, women, immigrants
Sign of unsound economy
Buying on credit
How did most investors work to fallen stock prices
Took out investment, sold off stocks
Who encoraged the voluntary control in buisness sector
Herbert Hoover
Fundamental disagreement in election
Hoover; self respect, laizee faire, Roose; social welfare
General attitude towards prosperity?
Thought they were doing good
Sign economy might be weaking?
Personal debt
What did the failure of rural banks indicate?
Unpaid farm loans
What did investors do when rhe Dow Jones went down?
Sold all stocks
Which countries where hurt when US stopped investing in Germany?
European
What did hoover think would fix it?
Voluntary control
Did Hoover support social welfare programs?
No
Father Divine
Minister helped through soup kitchen
John Maynard Keynes
Economist
Father Divine
Minster helped through soup kitchens
