Causes : Part 1 Flashcards Preview

The Great Depression > Causes : Part 1 > Flashcards

Flashcards in Causes : Part 1 Deck (16)
Loading flashcards...
1
Q

________ became president in a landslide win over Alfred E. Smith in 1928.

A

Herbert Hoover

2
Q

Hoover was __________ and head of the Food Administration.

A

Secretary of Commerce

3
Q

The_______is a system for buying and selling stock in corporations.

A

Stock Market

4
Q

A long period of rising stocks is known as a_____

A

Bull Market.

5
Q

When prices of securities are falling, thus causing pessimism in the market is known as a _____

A

Bear Market.

6
Q

________is the act of buying stocks at great risk with the anticipation that the prices will rise.

A

Speculation

7
Q

________ is buying stock by paying only a fraction of the stock price and borrowing the rest.

A

Margin

8
Q

________is a demand by a broker that investors pay back loans made for stocks purchased on margin.

A

Margin call

9
Q

______ is when the market plummeted further than three days earlier.

A

Black Thursday

10
Q

______ is when prices took the steepest dive.

A

Black tuesday

11
Q

______is a measure of the value of leading industrial companies.

A

Industrial Index

12
Q

____________was a factor leading to the onset of the Great Depression.

A

Overproduction

13
Q

______raised the average tariff rate of the highest level in American history.

A

Hawley-Smoot Tariff

14
Q

______kept its rates low throughout the 1920s.

A

Federal Reserve Board

15
Q

_______is a sustained, long-term downturn in economic activity in one or more economies.

A

Depression

16
Q

_______is a slowdown in economic activity over the course of a normal business cycle.

A

Economic Recession