1920's-1930's Flashcards
(110 cards)
By 1928, how many families owned an automobile?
One in every two
What is a share?
One unit of ownership in a company
How are the prices of shares determined?
By supply and demand
What is supply and demand
If a lot of people wanted to buy, the price was high. If Mark wanted to sell them to buy, the price was dropped.
When did the stock market reach its peak
3 September 1929
What happened Thursday, October 24
wheat exchange plummeted
What day did the stock market crash
October 29 which is now called Black Tuesday
What day is black Tuesday
October 29
What is the Great Depression
When the stock market crashed
What did Canada primarily trade
Wheat, lumbar, pulp and paper and minerals
When was credit introduce
1929
What was the purpose of credit
Buy now pay later
Why did credit end up being a disadvantage to society
People bought and bought but couldn’t pay it later
What did Countries do when they realize they had produced too many goods
Raised tariffs
What happens when the countries raised their Tariffs
All other countries started suffering because no one else and buy their goods
What is the danger of buying on margin
Buying on margin was a gamble, people who bought like this is not always sell because of shares went down
When was the NHL founded
1917
Why is Percy Williams the famous person in Canada
He went to golds in the 100 200 m in 1929
When were women allowed to participate in the Olympics for the first time
In 1929
Who were one of these women
Bobby Rosenfield
What did the women win in the Olympics
2 gold 2 silver and one bronze
What did the Group of Seven paint
Landscapes
Who is Emily carr
A member of the group of seven
Why did many people hate Canadians art
Because landscape painting was new, only still life was painted