Term
Speculation -Define -Problem caused |
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Definition
| The Practice of makeing high risk investments in hope for a huge return. Many brokers over speculated causeing them to lose money, one main cause of the crash |
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Term
Machine Assembly lines -Define - Reason it effects the Great Depression |
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Definition
A manufactoring process in which each worker does only one job. It is one of the main reasons for the onset of the Economic Depression. Too many products were being produced to quickly, and the jobs were simple producing unskilled easilly replacable workers |
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Term
Gross National Profit (GNP) -Define -What happend(How did it change) |
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Definition
| The total value of goods and services a county produces. In the 1920's, the GNP rose and an averge anual rate of 6% |
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Term
Consumer Economy -Define - How does this type of economy connect to the roaring 20's and the Deppression |
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Definition
| An economy that depends on a large amount of spending by consumers. This type of economy is what was needed in the 1920's to prevent a depression caused by the flex in the supply of a product and the low demand |
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Term
Buying On Margin -Define -Connect |
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Definition
| An option that alllows incestors to purchase a stock for only a fraction of its price and borrow the rest. Brockers charged high interest and could collect the loan at any time, when the market crashed broakers called for the payment of the loans, but the investors didn't have the needed money |
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Term
Mr. Stolls Top Five Causes of the Great Depression -List -Explain Shortly |
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Definition
1) WWI- The United States and most countys in Europe, were consumed by war debts 2) Americas small Republican Goverment- The small size gave Hoover few options and little control. 3) Red Scare- Americans were afraid of anything close to communism, left gap between rich and poor. 4)Machine Assembly Lines- Produced too many products and flooded the markets. 5)American Huburis-Americans believed that they had the political, economical, and social answer. The economy failed because it was American |
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Term
Dow Jones Industrial Average -Define -What happend(How did it change) |
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Definition
The average of stock prices of major industries. The average grew to an all time high just before Black Thursday. |
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Term
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Definition
| The collapse of the stock market. |
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Term
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Definition
October 29 16,410,000 Shares were sold. People were panicked |
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Term
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Definition
October 24 12,844,650 Shares of stock were sold. People were scared |
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Term
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Definition
The New Deal was created by Franklin D. Roosevelt to help the United States escape the grasp of the economical depression. It refered to the relief, recovery, and reform programs that were aimed at combating the great depression. |
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Term
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Definition
| The first hundred days after FDR was inogerated, when he pushed bill after bill and act after act through congress after calling a speciel session. |
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Term
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Definition
| 3/9/1933 Allowed the Goverment to inspect banks for their financial health. All banks were closed for a mandatory 4 days. 2/3 were reopened by the 15th |
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Term
| Glass-Steagull Banking Act |
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Definition
| 1933. Established the Federal Deposit Insurance Coorperation (FDIC). It assured citisens that there money was safe in banks, hopeing that their money would come out of there mattresses and they would place it into the banks allowing for loans and causeing economic stimules |
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Term
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Definition
May 1933 Required companies to procide information about the finances if they offered to sell stock. |
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Term
Securities ad Exchange Commission (SEC) |
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Definition
1934 Regulated the stock market |
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Term
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Definition
| Goverment funded projects to build public facilities such as bridges, roads, and housing |
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Term
| Civilian Conservation Corps (CCC) |
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Definition
| Put young-unmarried men to work maintaining forests, beeches, and parks |
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Term
| Agricultural Adjustment Administration (AAA) |
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Definition
Payed farmers subsidies for cutting production in order to lower supply to raise prices. |
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Term
Tennessee Valley Authority (TVA) |
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Definition
Created jobs REactivated hydroelectric rower facilitiys |
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