Multiple Choice Flashcards
what was the red scare?
-36 bombs mailed out
-over 500 communists deported
-nicknamed communists “reds”
-sep 1st -> first bomb-wall st
-communists and anarchists framed
what were the main reasons for the GD?
-economy in recession
-purchases on installment
-uneven distribute of income
-loss of export sales
-federal reserve
-over production
Bull vs. Bear markets
-bull incline in prices
-bear decline in prices
what is a margin call?
-small crash which led to a down payment
- a request from broker for an investor to deposit more money or securities into their account when the value of their investments falls below a certain level
Black thursday
-the day the stock market began to crash
black tuesday
the worst day of the crash
what is run on the banks
when a large group of depositors all withdraw their money from the banks at the same time
what was credit/installment
- agreement between a consumer and a company that allowed consumers to buy items with monthly payments.
what were hobos
-got on freight trains
-searching for better life
-unhoused and unemployed
what were the causes of the dust bowl?
severe drought
over plowing of land
strong winds
what was riding the rails
dangerous and illegal
traveling across US by hopping onto freight trains
what was the bonus army march
protest by WW1 veterans
wanted early payment of promised bonus
what was repritration
turning people, items, or money into their origin country; or turning one currency into another
