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Definition
| A system for buying and selling stocks in corporations. |
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Term
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Definition
| A long period of rising stock prices. |
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Definition
| Buying a stock by paying only a fraction and borrowing the rest. |
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Term
| What caused the Great Depression? |
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Definition
| Consumer spending and investment dropped causing big companies to have over produced and not being able to pay workers causing them to be laid off. |
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Term
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Definition
| On October 29 the market plummeted even further. |
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Term
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Definition
| When many people withdraw all their money in fear of the bank closing. |
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Term
| What caused banks to close? |
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Definition
| The banks had invested in the market and when it went down they could not pay back the loans having to cut back on giving money. this made many people leave the banks with their money letting the bank close. |
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Term
| What disease did Roosevelt have? |
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Definition
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Term
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Definition
| The closing of a bank to avoid bank runs. |
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Term
| How did Roosevelt explain his new plans to the public? |
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Definition
| Radio broadcasts other known as fireside chats. |
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| How much money did the U.S. owe in war debts after WW1? |
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Definition
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Term
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Definition
| A production line with machines and workers so everyone has a certain job. |
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Term
| What was the new thing in the Jazz age? |
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Definition
| Automobiles were something everyone had to have. |
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Definition
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Term
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Definition
| With credit cards many people did not make payments and spent to much money than they have. |
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