The Great Depression Flashcards
0
Q
What is a stock?
A
An investment
(money to make more money)
No work!
1
Q
What is stock also called?
A
Shares
2
Q
What is a corporation?
A
Type of business ownership
- big companies
Ex: Walmart
3
Q
What does more stock =
A
More ownership
4
Q
The stock market involves
A
Supply and demand
5
Q
What resulted in overproduction?
A
- making lots of stuff
- putting it in warehouses
- false reading to the invested
6
Q
Buying on margin
A
- credit
- companies weren’t doing as good as their stock seemed to be
- inflated prices due to over investment
- weren’t making hat much profit
7
Q
What date was Black Tuesday?
A
October 29, 1929
8
Q
What was Black Tuesday?
A
- the stock market crash
- people ran to sell their sticks before the price dropped to far “panic selling”
- by the end of the day trillions of dollars were lost
- “run on the banks”
9
Q
What was the cause of the Great Depression?
A
Overproduction
10
Q
How long did the GD last?
A
1929- 1942
11
Q
Who was blamed for he GD?
A
Herbert Hoover
12
Q
What are Hoovervilles?
A
Encampments of homeless people
13
Q
What were in Hoovervilles?
A
- free food
- rise in crime
- people sold apples, pencils, fruit/ veggies
14
Q
What does FDR’s famous quote mean?
A
Things are bad, and we should try everything to make it better. What do we have to lose.
