January 12-16

[5Brenda]

Won't be here Friday because of wrestling

[5Brenda]

Monday-

Key terms

-Consumerism: spend money, buy things, lots of advertising

-Buying on credit: a loan that you can get now but then eventually pay it back by a certain date and pay so much a month

Republican Philosophy of Harding, Coolidge, Hoover: 

-Laissez-faire the government should stay out of businesses. telling them what they want them to do. his philosophy

rugged individualism- storng survive weak die out, gov stay out., induviduale deal with their issues

 trickle down theory: give tax breaks to the rich, want the jobs to expand and give lower class jobs to make money no handouts

-Stock: 

-Stock market: 

-Dow Jones Industrial Average: average value of the stock of the 30 large companys. overall stock market

-Buying on margin: borroing money froma stockbroker or bank to buy stock

-Watered stock:  is stock that is issued at a price far higher than the value of the issuer's assets. overvalued stalk pretty much.

-Stock pooling: group of traders that invest in a specific stock for a specific time to make money overall

-Speculation-with stocks: look at high reward stock look to buy it and sell it for a a quick money, over speculation

-income inequality: 

-Federal Reserve Board: safer more stable money gorup that carries out all of the rules

bankers bak, stop bank runs

controls the amout of money in circulation

Tuesday- finishing key terms above and bruns talked about the dow jones average

inflation 

deflton- prices low, unemployment rate

Wednesday- causes of the stock market crash

• stock prices were grossly inflated, did not have real value- watered stock prices( too much)
• over speculation during the 1920's led to the watered stock
• buying on margin
• led to people being in debt and watered stock prices.
• overproduction of goods- making too many that they couldnt sell
• uneven distibution of wealth
• too much borrowing from banks
• federal reserve increased interest rates
• lack of government refulation

Thursday: watched movie

Friday: wont be here, wrestling