Great Depression

Stock Market Crash

'Stock Market Crash Of 1929' A severe downturn in equity prices that occurred in October of 1929 in the United States, and which marked the end of the "Roaring Twenties." The crash of 1929 did not occur in one day, but was spread out over a two-week period beginning in mid-October.

President Hoover

31st President, Served one term during Great Depression. Believed in helping yourself and not looking for Government Handouts.

Government Grows

The government grew during the great depression because more people were on social security. Also, we had to fix the great depression

Buying on Margin

The purchase of an asset by paying the margin and borrowing the balance from a bank or broker. Buying on margin refers to the initial or down payment made to the broker for the asset being purchased. The collateral for the funds being borrowed is the marginable securities in the investor's account.

Dust Bowl

an area of land where vegetation has been lost and soil reduced to dust and eroded, especially as a consequence of drought or unsuitable farming practice.

Social Security

any government system that provides monetary assistance to people with an inadequate or no income. Hoover did not believe in using Social Security.

Installment Buying/ Buy on credit

installment buying definition. Purchasing a commodity over a period of time. The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments. Led to great depression

FDR/New Deal

the principles of the progressive wing of the Democratic Party, especially those advocated under the leadership of President Franklin D. Roosevelt for economic recovery and social reforms. 2. the domestic program of the Franklin D. Roosevelt administration, especially during the period from 1933 to 1941.