Monday:
Consumerism - spend money,
Buying on credit - a loan, borrow money than you will pay it back
Republican Philosophy of Harding -
Coolidge - 30th president of the united states
Hoover - 31st president
Laissez-faire - government stay out of business
rugged individualism,
trickle down theory -
Stock - buying a small piece of a company
Stock market - where you can buy stock
Dow Jones Industrial Average - the average value of the stock from 30 large
Buying on margin - borrowing money from a bank to buy stock.
Watered stock -
Stock pooling -
Speculation- with stocks - high risk high reward, look at high risk high reward stock.
Income inequality -
Federal Reserve Board - bankers bank-stop bank runs,controls the amount of money in circulation
Tuesday:
- finishing key terms.
Wednesday:
stock market crash - buying on margin led to people being in debt and watered stock prices.
- over production of goods
- uneven distribution of wealth
- too much borrowing from bank
Thursday: finished movie
Friday:
- stock market crash = investors and businesses lose millions$$$$
- Great depression sets in.
Causes of the great depression:
- overproduction of goods
- under consumption of goods by consumers
-
Comments