Black Thursday
24 October 1929 - the start of the Wall Street Crash, a 'black' day economically
Consumer Goods
Goods used for personal use, not for production, e.g., vacuum cleaner
Great Depression
Prolonged economic downturn post-Wall Street Crash affecting the world
On the Margin
Borrowing money to buy shares
Shares
Financial stakes in a company or business
Stock Market
Market where shares are bought and sold
Overproduction in Agriculture
Excess farming output leading to price fall and farmer losses
Overproduction in Industry
Excessive unsold consumer goods due to low demand
Buying on Credit
Purchasing goods on credit leading to debt accumulation
Commerce
Trade issues due to tariffs affecting surplus goods sales
Property Prices
Rise and fall in house prices causing negative equity
Too Many Small Banks
Unregulated small banks unable to handle financial crises
Over Speculation
Buying shares with borrowed money, expecting profit
Loss of Confidence
Lack of trust leading to sudden price drops