Level 413
Level 414

Causes of the Great Depression


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Herbert Hoover
appointed head of the Food Administration by President Wilson
Great Depression
The economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s.
stock market
A system for buying and selling shares of companies
stockbroker
Individual whose job it is to buy and sell stock for a customer.
bull market
A steady rise in the stock market over a period of time
buying on margin
practice that allows people to buy stock with a down payment of a portion of the value
margin call
Demand by a broker that investors pay back loans made for stocks purchased on margin.
Black Tuesday
day the stock market crashed, signaling the start of the Great Depression
Bank runs
People were running to banks to take their money out before the bank collapsed
overproduction
A situation in which the supply of manufactured goods exceeds the demand.
Federal Reserve
A national baking system established in 1913, that controls the U.S. money supply and the availability of credit in the country
tariff
a tax on imported goods
Hawley-Smoot tariff
It was a 1930's import tax, the highest in history of the U.S. designed to keep out cheaper European goods.
Level 415