A share of ownership in a company
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Terms in this set (35)
paying a small percentage of a stock's price as a down payment and borrowing the restbuying on marginthose who buy property, goods, or financial instruments not primarily for use but in anticipation of profitable resale after a general rise in valuespeculators (speculation)Process by which the holder of a mortgage sells the property of a homeowner who has not made interest and/or principal payments on time as stipulated in the mortgage contractForeclosureDepression shantytowns, named after the president whom many blamed for their financial distressHoovervillesA drought in the 1930s that turned the Great Planes very dry.Dust Bowlnickname for a farmer who left the Dust Bowl in search of workOkieA legal process to get out of debt when you can no longer make all your required paymentsBankruptcyA famous African American concert singer who had her first performance in 1935, dazzling the audience and launching herself into fame. The next year she performed at the White House by presidential invitation, and performed on the steps of the Lincoln Memorial when the Daughters of the American Revolution refused to let her rent Constitution Hall (Eleanor Roosevelt and several others resigned after this decision).Marian Andersoncredit buying, overproduction, less consumer spending, falling stocksCauses of the Great DepressionHe was afraid they would riotHoover's Problems with the bonus armyMovies, sports and dancingHow did people entertain themselves during the depressionBy getting into there cars and drivingHow did people escape during the depressionHe spoke directly to the American people as if they were close friendsWhy were Roosevelt's fireside chats so popularTo make sure farmers could always sell their crops for enough money to support themselvesWhy would the government pay farmers to not plant on their landThey reported what everyone else is reporting and avoid stories that will offend anyoneWhy did the mass media tend to avoid controversial issuesMen had to travel to find work for women and children nutrition was bad and they got illexplain how men, women, and children were each affected by the depressionBusiness lost all their money and so did consumers because banks loaned all their money awayExplain how all aspects of society were affected by the stock market crashShe became a key voice in the White House improved the unemployedHow did Eleanor Roosevelt have an impact on the new dealHe tried to add more justices to the Supreme Court in order to obtain favorable rulings regarding new deal legislationWhat controversial decision regarding the Supreme Court did Roosevelt attempt to make? why did he try thisThe Civilian Conservation Corps - 2 million young men worked in conservation type jobs; they were paid $30 a month of which $25 had to be sent homeWhat was the CCC?Public Works Administration created jobs by paying unemployed people to build schools, bridges and dams. This was replaced by the Works Progress Administration in 1935.What was the PWA?Federal Emergency Relief Administration helped the poor in a number of basic ways, such as giving clothing grants and setting up soup kitchens for the poor.What was the FERA?the Federal Deposit Insurance Corporation protected private accounts in banks → people could be insured for up to $2,500 per accountWhat was the FDIC?The emergency banking act of 1933 passed by Congress on March 9, 1933 three days after FDR declared a nationwide bank holiday combine with the federal reserve commitment to supply unlimited amounts of currency to reopen banks created 100% deposit insuranceWhat happened during the bank crisis of 1932 how did Roosevelt deal with itHe gave them cabinet positionsHow did the Roosevelt administration try to improve conditions for women African-Americans and Native Americans