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Stack #4683041
| Question | Answer |
|---|---|
| Economy (definition) | The ways people make and spend money |
| Debt (definition) | Money you borrow that you have to pay back later |
| Foreclosure (definition) | When the bank takes your house back after you stop paying your mortgage |
| Repossession (definition) | When the bank takes your car back after you stop paying you dept |
| Mortgage (definition) | A lown you take from a bank to buy a house |
| Stock market (definition) | People can buy and sell shares of a company to hopeful make a profit |
| Speculation (definition) | Buying and selling stalks at a quick pace in hopes of making a quick profit |
| Buying on margin (definition) | When you invest in the stoke market with some of your money but most money from a lown |
| Artificial interest (definition) | When a group of wealthy individuals invest in a company and make it look like it is doing well so other people will buy shares and when the interest is high they take out all of their shares making the other normal people who invested their money |
| Insider trading (definition) | Knowing good or bad news about the stock market before it is public and acting on that information |
| Black Tuesday (What happened? When?) | October 29 investors sold millions of shares Of stocks at prices much lower than their worth before market crash |
| Crash of 1929 (definition) | October 29 investors sold millions of shares Of stocks at prices much lower than their worth before market crash |
| Other Economy Problems (problems w/ the economy before the Great Depression) | 1.key industries railroads, textiles, mines struggled 2.in 1929 21% of americans earned less that 2500/yr minimum for dissent living 3.buying on credit lead to over consumerism 4.lack of federal regulations for banks and stalk market investors resulte |
| Great Depression (definition & how it affected people) | |
| “Depression” vs. “Recession” | |
| Herbert Hoover (his approach to the economy) | |
| Bank “run” (definition) | |
| Dust Bowl (When? Where? Why?) | |
| “Okies” (definition) | |
| Bonus Army (Who? When? What? Outcome?) | |
| Franklin D. Roosevelt (How he tried to help) | |
| 3 initial steps taken by FDR | |
| “Bank holiday” (definition) | |
| Fireside chats (definition & purpose) | |
| New Deal (definition & goal) | |
| Hundred Days (definition) | |
| “Three Rs” (stands for & overall goals) | |
| Deficit spending (definition) | |
| Supreme Court “court-packing” (Who? When? Why? Reaction?) | |
| Social Security Act (Who did it help? How?) | |
| Federal Deposit Insurance Corporation (Who did it help? How?) | |
| Civilian Conservation Corps (Who did it help? How?) | |
| Security & Exchange Commission (Who did it help? How?) | |
| Changing Role of President & federal government (2 ways) |
Created by:
jeanetteschiano