Bull Market- a market characterized by rising prices for securities.
Bear Market-a market characterized by falling prices for securities.
margin buying-paying part of the cost and borrowing the rest from brokers.
Black Thursday-October 24, 1929; almost 13 million shares sold that day alone.
Black Tuesday-October 29, 1929; the day the stock market crashed. Lead to the Panic of 1929.
Great Depression-the economic crisis beginning with the stock market crash in 1929 and continuing through the 1930s.
Business Cycle-recurring fluctuations in economic activity consisting of recession and recovery and growth and decline.
Herbert Hoover-Republican candidate who assumed the presidency in March 1929 promising the American people prosperity and attempted to first deal with the Depression by trying to restore public faith in the community.
Shantytowns-Unplanned slum development on the margins of cities, dominated by crude dwellings and shelters made mostly of scrap wood, iron, and even pieces of cardboard.
Franklin D. Roosevelt-32nd US President - He began New Deal programs to help the nation out of the Great Depression, and he was the nation's leader during most of WWII.
Hey mom this is your son writing to you to see how everything is going. Are you still working at the same place? How are you doing on the bills? ill send you some money anyway and i also have some really great news that is going to get you out of your seat.
As of today you are now the mom of a hollywood actor. I just finished my first movie role the other day and i am really excited about the review it will get. The name of it is gone with the wind and its about a man and a women who get really poor during the war because of the stock market crash.
Speaking of the war in 1931 Finiancial hardships forces veterans to request money early. The reconstruction finance corporation gave over billion dollars of government loans to big businesses.Their are these two criminals name bonnie & clyde and they are the biggest criminals in america because they decided to rob banks or a living. music has changed alot now a days its a new era with this new music called "Jazz".
Now i want to talk to you about hoovervilles and they are shantytowns made from tents or musician who wrote songs illustrating President Herbert Hoover is a "self made man". Depration in the great plains were heightened by th dust bowl. Their has also been many bank closures withdrawing there money.
So that was a little insight on the decade so far crazy huh? I would say so. i hope everything down there is going good and i havent forgot im still going to send your money.
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