Great Depression Test- US History with Complete Solutions 100% Correct(SCORED A+)

stock market - ANSWER-a system for buying and selling stocks in corporations bull market - ANSWER-a long period of ricking stock prices margin - ANSWER-buying a stock by paying only a fraction of the stock price and borrowing the rest speculation - ANSWER-act of buying stocks at great risk with the anticipation that the price will raise installment - ANSWER-buying an item on credit with a monthly plan to pay off the value of the good (making a payment over time) Black Tuesday - ANSWER-a day when the price took a steep dive and almost 16 million shares of stock were sold. October 19th, 1929 Hawley-Smoot Tariff - ANSWER-raised average tariff rate to the highest level in American history Herbert Hoover - ANSWER-the Republican leader who ran for president against Smith and won. He was basically responsible for the depression. (look up things that he did) A: The stock market boomed, many people were buying them, many stocks on margin. - ANSWER-Q: What where the characteristics of the stock market in the 1920's? A: When stock values collapsed, banks lost money on their investments, and speculators defaulted on their loans. - ANSWER-Q: Why did the stock market crash cause banks to fail? Done - ANSWER-RECITE 7 CAUSES shantytonwn - ANSWER-newly homeless people put up shacks on unused or public lands, forming these communities Hooverville - ANSWER-people blamed shantytowns on president Hoover, giving places like shantytowns the nickname