January 12-16

[7Marie]

Monday- A stock is part of a company. A Stock market is where people buy/sell stocks.

Tuesday-

Consumerism- generally the belief that people should send as much money as they can to help the economy

Buying on credit- you don't have money right away to pay anything off(debt)

Republican Philosophy of Harding, Coolidge, Hoover

       Laissez-faire- government should stay out of businesses

       rugged individualism- don't depend on others for you to get ahead in life

       trickle down theory- government is going to give businesses tax breaks so that middle/lower class people get jobs

Stock- part of a company

Stock market- where people buy/sell stocks

Dow Jones Industrial Average- 30 largest companies (EX. Exon, Microsoft, Coca-cola, Disney, Verizon, Nike)

Buying on margin- buying stocks on credit

Watered stock- over-priced stock

Stock pooling- millionaires buy stock and sell the stocks to average people

Speculation-with stocks- falsely inflating stock prices when the company isn't doing so while

income inequality- like rich and poor (so much difference in all of this)

Federal Reserve Board- one of the most important system/board (a banker's bank)

Wednesday- Bomb threat, no class

Thursday- watched a video on income inequality and talked about the bomb threat

Friday- If a company wasn't doing so well and the stocks for the company kept going off, it was uneven distribution of wealth. Banks used everyone's money and invested in the stock market. Stock market crash affected more than 5% of the country. Banks and companies lay employees/close down. Causes of the Great Depression- Overproduction of goods, Under-consumption of goods by consumers, Agricultural slump due to overproduction, High protective tariff policies of the 1920s, Taxes benefiting the rich-rich got richer (poor get poorer), Stock market crash

Effects of the Great Depression- New Deal programs start-makes the US government much larger, Deficit spending starts, That New Deal creates many organizations that are still around today-social security (welfare), Fascist (military and communist dictators come to power throughout the world)