Vocab Flashcards
Stock
a portion of a business available for sale
Stock Exchange
the exchange of money for stock, or vice versa
Bull Market
when the stock market is thriving
Bear Market
when the stock market is failing
Margin
buying stock on credit from a broker
Margin Call
a broker calling demanding their money back
Speculation
the purchasing of stock in hopes that it will gain value
Overproduction
when there is too much of one product
Installment Plan
buying something and paying it back later; credit
Unemployment Rate
the percent of unemployed workers
Bank Run
when everyone goes to a bank at one time demanding their money back (Mary Poppins)
Hawley-Smoot Tariff Act
an act that raised the price on foreign goods in an attempt to make Americans buy American goods
Black Tuesday
the day the stock market crashed
Hooverville
a group of homeless people nicknamed cruelty after Hoover to say he was doing nothing to stop the great depression
Bonus Army
WW1 veterans gathering together to demand their military bonus be given to them even though it was not due for a while
