Vocab Flashcards
Investing withe the hopes of turning a profit
Speculation
Buying stock by placing a small amount of money down and paying the remainder at a later date
Margin buying
To buy a stock/sell a stock because you believe the market wi increase or decrease (panic buy)
Panic
High tax on foreign goods; meant to encourage people to buy “american goods” result in foreign countries putting a high tariff on US goods; foreign trade dropped
Hawley smoot tariff
- boom- period if prosperity; business well above normal
- panic- period of uncertainty or fear followed by decrease in business activity
Recession- business is somewhat below normal
Depression-
The business cycle
Okies- nicknames for the migrants that were moving away from the Dust Bowl (since they came from Oklahoma)
Okies
Core belief that shape social, economic, or political philosophy
Ideology
Supports sweeping changes to society/economy
Radical
Lets economy stabilize itself
Conservation
Supports government involvement in economy
Liberal
President that was a liberal
Hoover
President that was a radical
FDR
Recovery
Relief
Reform
The 3 R’s
Help fix the problems that were causing the suffering
Recovery
Immediate help to ease the suffering to americans (direct relief)
Relief
