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Definition
The maintenance of a price at a certain level through government intervention.
The government would buy surplus crops from farmers at guaranteed prices and sell them on the world market. |
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| An arranagement in which consumers agreed to buy now and pay later for purchaes. |
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| Democrat. A career politician who had served four terms as governor of New York. He was personable and enjoyed being in the limelight, unlike Hoover. |
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Term
| Dow Jones Industrial Average |
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Definition
| The msot widely used barometer of the stock market's health. The Dow is a measure based on the stock prices of 30 representative large firms trading on the New York Stock Exchange. |
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Definition
| Buying stocks and bonds on the chance of a quick profit, while ignoring the risks. |
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| Paying a small percentage of a stock's price as a down payment and borrowing the rest. |
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Term
| Causes of the Great Depression |
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Definition
- tariffs and war debt policies that cut down the foreign market for American goods
- a crisis in the farm sector
- the availability of easy credit
- an unequal distribution of income |
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