class notes and video Flashcards
The red scare
The Red Scare was hysteria over the perceived threat posed by Communists in the U.S. during the Cold War between the Soviet Union and the United States, which intensified in the late 1940s and early 1950s. (Communists were often referred to as “Reds” for their allegiance to the red Soviet flag.) The Red Scare led to a range of actions that had a profound and enduring effect on U.S. government and society.
-thought immigrants showed communism
-palmer raids (arrest and deport communists)
-Reds=communists
-Sacco & Vanzetti blamed for murder
-Bombing wealthy
The main reasons for the great depression
-The stock market crash of 1929.
-Banking panics and monetary contraction
-Decreased international lending and tariffs
-overproduction
-low interest
Bull v. bear markets
A bull market is a market that is on the rise and where the economy is sound. A bear market exists in an economy that is receding, where most stocks are declining in value.
Margin Call
A margin call is a request from a broker for an investor to add money or securities to a brokerage account when the value of the account’s securities falls below a certain level. This level is known as the maintenance margin.
Black Thursday
Black Thursday, Thursday, October 24, 1929, the first day of the stock market crash of 1929, a catastrophic decline in the stock market of the United States that immediately preceded the worldwide Great Depression.Black Thursday”, when 12.9 million shares were traded on the stock exchange in a single day (compared to an average of 4 million),
Black Tuesday
Black Tuesday, the market dropped nearly 12 percent.October 29, 1929, “Black Tuesday”, when some 16.4 million shares were traded.
Run on the banks
A run on the bank, also known as a bank run, is a situation where many customers of a bank simultaneously withdraw their money due to concerns about the bank’s stability.
Credit/installment
Installment credit is a type of loan where you borrow a set amount of money and pay it back in fixed amounts over a set period of time. Installment loans are a good option for large expenses, like buying a car or paying for school, because you can often borrow more than you could with a credit card.
Hobos
A hobo is a homeless person who lives on fright trains. They are the people who ride the rails. Hobos travel to work and work to travel, often hopping trains by riding in empty freight cars without a ticket.
Causes of the Dust Bowl
Economic depression coupled with extended drought, unusually high temperatures, poor agricultural practices and the resulting wind erosion
Riding the rails
Someone who rides the rails travels by train, especially over a long period of time and without buying a ticket.
Bonus Army March
The Bonus Army March was a protest in 1932 by World War I veterans and their families who marched on Washington, D.C. to demand early payment of a promised bonus
Repatriation
the return of someone to their own country.
