The Great Depression

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1) Bull Market vs. Bear Market – In a Bull Market, the stock market experiences a general rise in prices and stock trading volume for shares over a period of time. While in a Bear Market, the Stock market experiences a general decline in prices of stock. Not all stocks experience a decline in value, but most do. 2) Stock Market Crash- (1929) Plunge in stock market prices that marked the beginning of the Great Depression. 3) New Deal- the historic period (1933-1940) in the U.S. during which President Franklin Roosevelt's economic policies were implemented. Three components of the New Deal. The first "R" was the effort to help the one-third of the population that was hardest hit by the depression, & included social security and unemployment insurance. The second "R" was the effort in numerous programs to restore the economy to normal health, achieved by 1937. Finally, the third "R" let government intervention stabilize the economy by balancing the interests of farmers, business and labor. There was no major anti-trust program. 4) 100 Days- FDR began sending bill after bill to Congress. Between March 9 and June 16, 1933 which came to be called the HUNDRED DAYS. Congress passed 15 major acts to meet the economic crisis setting a pace for new legislation that has never been equaled. Later became known as 1st New Deal. 5) Bank Holiday- closing of banks for four days during the Great Depression, March 6-10. Roosevelt declared this holiday to prelude opening banks on a sounder basis. 6) Dust Bowl- Late in 1933 a prolonged drought struck the states of the trans-Mississippi Great Plains. The resulting dust storms were caused by drought, wind, and dry-farming techniques and mechanization. Tens of thousands of refugees fled their ruined acres. 7) Brain Trust- Group of expert policy advisers who worked with FDR in the 1930s to end the great depression. 8) Social Security- guaranteed retirement payments for enrolled workers beginning at age 65; set up federal-state system of...
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