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Flashcards in Causes : Part 1 Deck (16)
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1

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

Herbert Hoover

2

Hoover was __________ and head of the Food Administration.

Secretary of Commerce

3

The_______is a system for buying and selling stock in corporations.

Stock Market

4

A long period of rising stocks is known as a_____

Bull Market.

5

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

Bear Market.

6

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

Speculation

7

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

Margin

8

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

Margin call

9

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

Black Thursday

10

______ is when prices took the steepest dive.

Black tuesday

11

______is a measure of the value of leading industrial companies.

Industrial Index

12

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

Overproduction

13

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

Hawley-Smoot Tariff

14

______kept its rates low throughout the 1920s.

Federal Reserve Board

15

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

Depression

16

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

Economic Recession