fcs- usa: boom, bust, recovery Flashcards
president 1. 1913 - 1921
Woodrow Wilson (Democrat)
president 2. 1921 - 1923
Warren Harding (Republican)
president 3. 1923 - 1929
Calvin Coolidge (Republican)
president 4. 1929 - 1933
Herbert Hoover (Republican)
president 5. 1933 - 1945
F. D. Roosevelt (Democrat)
president 6. 1945 - 1953
Harry Truman (Democrat)
president 7. 1953 - 1961
Dwight D. Eisenhower (Republican)
Federal government
The central government of the USA led by the President and Senate.
Each state and local authority has power to make their own laws.
Laissez-faire
Non-interventionist policy.
A hands-off approach to let the economy grow freely.
Isolationist
The American policy of the 1920s in terms of international affairs - they did not want to get involved overseas.
Economy
The circulation of money (buying, selling, inflation etc.) in an area/ country
Stocks and shares
Parts of a company’s assets and earnings that are sold. Owning a share in a company means you make money and have some ownership of that company.
Wall Street
A street in New York’s financial district, where the New York Stock Exchange building is.
Stock market
The market on which stocks and shares of companies are bought and sold. Lots of this happens in a building called the stock exchange where brokers bid and trade huge amounts of money.
Investor
a person or organization that puts money into financial schemes, property, etc. with the expectation of achieving a profit. In this case, they own stocks and shares
Broker
A person who buys and sells stocks and shares on behalf of investors
Bull Market
Stock market where there is lots of confidence and lots of buying and selling
Bull Pool
Method by which dishonest brokers bought and sold stock to and from each other to keep prices high
Forecast
predict or estimate (a future event or trend).
Bankrupt
(of a person or organization) declared in law as unable to pay their debts. Their assets are taken away from them.
Ticker
Ticker tape on which stocks and shares transactions were recorded
Dow Jones Index and New York Times Index
Two indicators of how well stocks and shares are doing, based on the top 25 leadings stocks (they show when the value of stocks are going up and down)
