Stock Market Crash of 1929
Terms in this set (12)
a system for buying and selling stocks or a place where stocks are bought and sold
A market in which prices show an increasing trend for a prolonged period and rise above their historical average.
A market in which prices show a declining trend for a prolonged period. Prices usually decline by 20% or more.
When goods are being produced at a faster rate than they are being consumed.
October 29, 1929, the day the Stock Market crashed. This began the Great Depression in the United States.
Buying on Margin
Borrowing money from a stock broker to buy a stock. The buyer only pays about 10% of the total cost up front.
Units of ownership in a company.
The capital of a company is divided into shares. Each share forms a unit of ownership of a company and is offered for sale so as to raise capital for the company.
New York Stock Exchange
The oldest stock exchange in the United States, and it's located on Wall Street in lower Manhattan. This is where stocks are bought and sold.
Also known as a lending spree. It is the rapid expansion of lending by financial institutions (banks, etc.).
A financial gain. When the amount earned exceeds the amount spent.
A location in lower Manhattan that is the home of the New York Stock Exchange.
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