US History Chapter 14 Section 1 – Flashcards
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price support
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the maintenance of a price at a certain level through government intervention
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Alfred E. Smith
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Governor of New York who ran as a Democrat for the 1928 elections
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Dow Jones Industrial Average
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a measure of stock market prices based on thirty leading companies of the new york stock exchange
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speculation
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risky buying and selling of stocks in the hope of making a quick profit
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buying on margin
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buying stock by paying only a portion of the full cost up-front with promises to pay the rest later
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Black Tuesday
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October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929
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Great Depression
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the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s
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Hawley-Smoot Tariff Act
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a law, enacted in 1930, that established the highest protective tariff in U.S. history, worsening the depression in America and abroad.
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foreclosed
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can't make payments and the banks take your property.
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default
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fail to pay up
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stagnant
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not growing or changing
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bull market
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a steady rise in the stock market over a period of time
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Gross National Product
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total value of all goods and services produced in a nation
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stock
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a share or ownership in a company
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McNary-Haugen Bill
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sought to keep agricultural prices high by authorizing government to buy up surpluses and sell them abroad
