chapter 19 section 2 Flashcards
much of prosperity fueled by
industry
European farmland
destroyed during the war
1918 Peace- demand for certain crops _____ and agricultural prices ________
fell
dropped
farmers ________ and now had problems _______
made very little money
paying their debts
protectionism (also called ___________)
economic nationalism
protectionism
occurs when
nations tries to protect domestic industries by limiting trade with others
to protect industries, nations
established tariffs on the import of goods
market speculation -
risky investments in the stock market
stock market- organization
through which shares of stock in companies are bought and sold
company issues stock to
raise money for its business
1920s- stock prices ______ and investors made ________
soared
made large profits
October 29, 1929- Black Tuesday- sudden sell off drove
stock prices tumbling
When was black tuesday
October 29, 1929
many stocks (overnight) became
worthless
savers rushed to
banks to withdraw their savings
banks didnt have
adequate cash reserves to honor withdrawals
banks demanded
that borrowers repay their loans
thousands of banks and customers
forced into bankruptcy