The stock market boom (AQA GCSE History): Flashcards
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Primary way Americans generated wealth in 1920s
Primary way Americans generated wealth in 1920s
Stock market
Shareholders definition
Shareholders definition
People who own shares/stakes in businesses
Dividends definition
Dividends definition
Portion of company profits distributed to shareholders
Where US shares were bought and sold
Where US shares were bought and sold
Stock exchange in New York
Buying on the margin meaning
Buying on the margin meaning
Purchasing shares with borrowed money
Deposit % for buying on the margin
Deposit % for buying on the margin
10%
Laissez-faire definition
Laissez-faire definition
Minimal government interference in business
Republican presidents 1921-1933
Republican presidents 1921-1933
Harding (1921-23), Coolidge (1923-29), Hoover (1929-33)
Amount Americans borrowed in 1920s boom
Amount Americans borrowed in 1920s boom
$4 billion
Government taxation policy in 1920s
Government taxation policy in 1920s
Low taxes for businesses and citizens
Stock market regulation in 1920s
Stock market regulation in 1920s
Virtually none/minimal oversight
Speculation vehicles definition
Speculation vehicles definition
Companies that produced nothing but bought/sold shares