Hoover
0.0(0)
Studied by 3 people
Call with Kai
Knowt Play
Learn
Practice Test
Spaced Repetition
Match
FlashcardsCard Sorting
1/10
Earn XP
Description and Tags
Study Analytics
Name | Mastery | Learn | Test | Matching | Spaced |
|---|
No study sessions yet.
11 Terms
1
New cards
How does Hoover see the future
Poverty is going to be over soon
2
New cards
The Great Depression
World-wide economic decline characterized by high unemployment
3
New cards
Stock
Part ownership in a company that is publicly traded on an open market such as the New York Exchange
4
New cards
Buying on Margin
Purchasing a stock for only a fraction of the total price anticipating growth
5
New cards
What happens when the stock reaches a set price
The broker or banker sells, taking most profits and leaving most losses to the borrower
6
New cards
When a stock’s value increases…
Broker profits $500 just by lending you money
7
New cards
When a stock’s value decreases…
The stock price falls a set %, the broker sells the stocks, and you take a huge loss
8
New cards
How does buying stock work
1. RESEARCH
2. BUY the stocks
3. TAKE a PROFIT or LOSS
9
New cards
The Bull
People bought stocks because their perceived values continued to increase. This led to ever-increasing prices of stocks.
10
New cards
The Bear
Many individuals began to sell their stocks, leading to shortened demand for stocks and falling prices.
11
New cards
\
Note 
Flashcards (118)