Chapter 11- The Great Depression Flashcards
Collapse
To fall down or give in
Alfred E. Smith
Four time governor of New York. He was the first catholic to win a major party’s nomination for president
Stock market
A place where stock is sold and bought
Bull market
A market where share prices are rising and it encourages buying.
Margin
Making only a small cash down payment. As low as 10% of the price.
The edge or border of something
Margin call
Demanding the investor to repay the loan at once
Speculation
a message expressing an opinion based on incomplete evidence.
Black Tuesday
The day when the prices took the steepest dive. The Wall Street Crash and the Stock Market Crash of 1929
Sum
A particular amount of money
Bank run
Takes place when many depositors decide to withdraw their money at one time, usually because the bank is going to collapse.
Installment
A sum of money due as one of several equal payments for something, spread over an agreed period of time: “paid in installments”.
Harley Smoot tariff
Raised the average tariff rate to the highest level in American history
Suspended
Temporarily prevent from continuing or being in force or effect
Bailiffs
Court officers
Hobos
Wanderer that didn’t have a permanent home. They secretly rode in boxcars traveling place to place.