January 12
Consumerism- belief that consumers should spend their money to help the economy
Buying on credit- buy now pay later
Republican Philosophy of Harding, Coolidge, Hoover
Laissez-faire- no government interfere with business
Rugged individualism- up to you
Trickle down theory- Give tax breaks to the rich
Stock- buying part of a company-
Stock market- socks and bonds are sold
Dow Jones Industrial Average-
Buying on margin- borrowing money from a bank for stocks (buying stocks on credit)
Watered stock- Overvalued stock
Stock pooling-
Speculation-with stocks- High risk stock they buy it and sell it fast
income inequality- gap between the rich and poor in are country
Federal Reserve Board- stop banking panics
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