Credit and Stock Market
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Changes in America regarding society, and the economy.

changes in america, performance

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During the 1920s, there were a lot of big changes in society, and the economy. First, there was Henry Ford and his idea of “mass production”. This was basically speeding up the production of the automotive. Second was the assembly line, the assembly line made it easier to put the cars together. There would be a line and people would have a specific task when building the cars so that it wouldn’t take so long. The production went from about 12 hours to build a car, to 90 minutes. The fast production of cars led to more leisure time. During peoples free time they would go to see silent movies and do things they might not have ever been able to do because of long work hours. The invention of the radio and phonographs increased music, news etc. The Americans that worked for ford got paid a lot more. Since no one had anything else to do, they would go out and buy cars from the same place they make them at. They would go on Sunday drives with their families and visit family that lived in other counties. The people, who didn’t have the opportunity to get paid more, would have to buy on credit. Others would invest and pay for items with the money they get from the stock. As long as the stock rises, the more they got paid.  These changes that occurred still exist in todays society, people can still invest, but the economy has gotten a lot worse. 

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Great Depression and Today's Economy - History Discussion

Great Depression and Today's Economy - History Discussion Board
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Website #1 relating to today

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Definitions

definitions for project

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Definitions for Project:

 

1)   Stock market- a particular market where stocks and bonds are traded; stock exchange.

2)   Consumers- a person or organization that uses a commodity or service.

3)   Buying on Margin- A risky technique involving the purchase of securities with borrowed money, using the shares themselves as collateral.

4)   Invest-  to put (money) to use, by purchase or expenditure, in something offering potential profitable returns, as interest, income, or appreciation in value.

5)   Debt- a liability or obligation to pay or render something

6)   Loans- the act of lending; a grant of the temporary use of something.

7)   Credit- the ascription or acknowledgment of something as due or properly attributable to a person, institution, etc.

8)   Installment – a single portion of something furnished or issued by parts at successive times

9)   Banks- an institution for receiving, lending, exchanging, and safeguarding money and, in some cases, issuing notes and transacting other financial business.

10) Loaners- a person or thing that loans.

 

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The History of Consumer Credit in the United States

The History of Consumer Credit in the United States | Credit and Stock Market | Scoop.it
Consumer credit allows people to buy goods that they do not have the cash to purchase. It reduces the need to save up for any purchase; the saving takes place retroactively.
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