Great Depression Flashcards
became president in a landslide win over Alfred E. Smith in 1928
Herbert Hoover
a system for buying and selling stock in corporations
The Stock Market
a long period of rising stocks
A Bull Market
prices of securities are falling, thus causing pessimism in the market is known as
A Bear Market
the act of buying stocks at great risk with the anticipation that the prices will rise
speculation
buying stock by paying only a fraction of the stock price and borrowing in the rest
margin
a demand by a broker that investors pay back loans made for stocks purchased on margin
a margin call
when did the market peak
September 1929
the three causes of the great depression
uneven distribution of income, loss of export sales, mistakes by the federal reserve
shantytowns were also called
Hoovervilles
people who began hitchhiking or “riding the trails” across the country
Hoboes
launched to send poor immigrants back to their home countries
repatriation drives
people who survived the dust bowl got _______
dust pneumonia
dust storms were called black blizzards or
black rollers
wrote Of Mice and Men and The Grapes of Wrath
John Steinbeck
wrote folk music about his dust bowl experiences
Woody Guthrie
migrants from Oklahoma were known as
Okies
the first feature-length animated film
Snow White and the Seven Dwarfs (produced by Walt Disney)
a factor leading to the onset of the great depression
overproduction
raised the average tariff rate to the highest level in American history
Hawley-Smoot Tariff
hurts both American companies and farmers
decrease in exports
a sustained, long term downturn in economic activity in one or more economies
a depression
a slowdown in economic activity over the course of a normal business cycle
a recession
access to ___ ___ propelled the stock market
easy money
