Great depression Flashcards
bonus army
WW1 soldiers that were promised a bonus (pay) but never received one
who did Americans blame for the depression?
Herbert Hoover
Dust bowl
large plains that had no growth with dry land (due to 10 year drought)
Bull market
a financial market of a group of security in which prices ar4e rising or are expecting to rise
margin call
demanding that the investor
What caused the great crash
a lack of new inventions, stock market prices dropped and the bull market ended
Black Tuesday
stock prices fell, October 29, 1929
2 ways banks lost in this economic crisis
1) lost $$ they lent to investors in the market
2) banks had invested deposits $$ in the market
4 root causes for the Great Depression
1) machinery led to over protective
2) tariffs rose
3) decline in agriculture price
4) buying stock on margin
