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Black Tuesday
Name given October 29th,1929, when stock prices fell sharply
1. Selling panic;no buyers
2. Share prices deflated and margin loans came due -
Dust Bowl
Where some regions such as: Texas, Ohklahoma, Kansas, Colorado, and New Mexico. Formed a drought that made it worthless for farming -
Buying On Margin
Purchasing, but paying only a small percentage and borrowing the rest -
Speculation
Involvment in risky business transactions in an effort to make a large or quick profit -
Foreclosure
Takes away the right to redeem. Which was the loss of property because of mortgage default -
Shanty towns (Hoovervilles)
A neighborhood in which people made makeshift shacks -
Demagogue
People who usually gain power and popularity by emotion, passions, And prejudices of the people -
Supply and demand
Capitalism is a market economy driven by supply and demand.
1. If demand is high, prices go up
2.if demand is low,prices/profits go down -
Parity
Supported good prices for farmers to mainly keep income stead -
New deal
Program to alleviate the problems of the great depression focusing on relief and coming back together as an economy -
Bonus Army
Group of veterans and their families, marched in 1932 in Washington D.C, to demand the immediate payment of a bonus they were promised
