(US History) Chapter 8: Stock Market & Crash
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What is it called when you buy a stock with borrowed money?
Buying on margin
Give me an example of Collateral and explain why it is an example
Collateral is an item of value that a borrower agrees to forfeit to the lender if the borrower cannot repay the loan
When stocks are doing well we call the market this...
What is the DOW Jones Industrial Average?
An average of stock prices of major industries
What is the day and date of the stock market crash?
Tuesday October 29th, 1929
List the 8 ripple effects of the stock market crash:
Risky Loans Consumer Barrowing Bank Runs Bank Failures Saving Wiped Out Cuts in production Rise in unemployment Further cuts in production
What does GNP stand for?
Gross National Product