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GREAT DEPRESSION!
| Question | Answer |
|---|---|
| Didn’t all take part in prosperity | Didn’t all take part in prosperity Farming Energy Coal mining Shipbuilding Textiles Railroads Recent immigrants African/Asian-Americans |
| new inventions/products | New inventions/products 1. Phonograph 2. Radio 3. Cars became widely available 4. Commercial Airplanes 5. African-American culture (jazz) 6. Credit |
| regulation | an authoritative rule dealing with details/procedures (no regulation in market led to depression |
| prosperity | condition of being successful (esp. economic wellbeing) |
| inflation | rise in prices due to increase in$/credit available relative to goods/services The bubble ”popped” when the crash happened and stock prices dropped quickly |
| stock market | • Stock= share/portion of company o To raise $ • Make $ by buying low--> selling high • Lose $ by guessing wrong--> prices drop |
| speculation | Speculation: business deals that involve a lot of risk--> could have large gains borrow $ = buy stock/etc = sell for $$$ = pay bank back w/interest ($$) = still make a profit ($) speculation--> inflation of prices --> bubble “popping” |
| Causes of the 1929 Crash | Credit- loaning of goods/$ to be repaid later spending $ that didn’t exist saving less (no buffer) More Supply than Demand shrinking market in foreign lands too high import taxes too harsh WWI debts |
Created by:
suzannawillard
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