Week 12-16

[7Joel]

Consumerism- companies get you to buy there product over someone else's product

Buying on credit- loans, buy now pay later

Republican Philosophy of Harding, Coolidge, Hoover- Government should stay out of businesses

Laissez-faire, rugged individualism- Government should stay out of businesses, big businesses will pass down to smaller businesses

Stock- Small share of a company

Stock market- Places where you can buy and sell stock

Dow Jones Industrial Average- Average value for a stock, industrial wise stock

Buying on margin- borrowing money from a stock marketer to buy stock

Stock pooling-Group of people buying the same stock

Speculation-with stocks- High risk high reward. Look at high risk high reward stock. Look to buy and sell it really quick.

Federal Reserve Board- Supervise stock market and banks. Stop banking panics.

Watered stock- Overvalued stock

Effects of the Great Depression

          New Deal programs start makes the us government much larger. Deficit spending starts. The New Deal creates many organizations that are still around today-social security,welfare. Fascist, military and communist dictators come to power throughout the world.

Cycle of the Great Depression

          Companies lose money and lay people off. Unemployment rate goes up and less people buy goods as income dropped. Companies profits fall and have to lay people off or close the business.

[Mr. Bruns]

This should have been posted a week earlier.