Chapter 14 Flashcards
An arrangement in which consumers agree to buy now and pay later
Credit
most widely used barometer of the stock markets
Dow Jones Industrial Average
This is where you buy stocks in hope of a return
Speculation
Where you pay a small percentage of a stock as a down payment and then you borrow the rest
Buying on a margin
The bottom fell out of the market aswell as the nation’s confidence.
black tuesday
Period from 1929-1940 in which the economy plummeted and unemployment went up
The Great Depression
A continuous rise in the stock market
Bull market
A drop in the stock market
Bear market
Offered free/low cost food for people
Soup Kitchens
Lines of people waiting for free food given by charity
Bread lines
Little towns consisting of shacks that were everywhere
Shantytowns
Homeless camps that people made shacks from cardboard
Hoovervilles
Newspapers that people in Hooverville used as blankets
Hooverblankets
when people pulled out their pockets to show they were broke
Hooverflags
area that was the hardest hit by dust storms and evictions. Thousands of farmers/sharecroppers left their land behind.
The dust bowl (Midwest)
