Economic Depression a period during which business, employment, and stock-market values decline severely or remain at a very low level of activity.

Election of 1928 Herbert Hoover

Rugged Individualism Economic problems could be solved through effort and cooperation with neighbors…

New York City Electric Sign: 1920 YOU SHOULD HAVE: $10,000 AT THE AGE OF 30 $20,000 AT THE AGE OF 40 $30,000 AT THE AGE OF 50

New York City Electric Sign: 2001 (12.5 % inflation) YOU SHOULD HAVE: $125,000 AT THE AGE OF 30 $310,000 AT THE AGE OF 40 $625,000 AT THE AGE OF 50

New York City Electric Sign: 1920 YOU SHOULD HAVE: $10,000 AT THE AGE OF 30 $20,000 AT THE AGE OF 40 $30,000 AT THE AGE OF 50

STOCK: A piece of a company. The owners of a company sell “shares” of the company.

Dividend: An annual payment to a stockholder, like interest Bling-Bling Cha-Ching Cash Mo' Money

SPECULATE: To buy land/stock when the price is low and sell it when the price is high.

On Margin: Investors pay for only part of the purchase price in cash - the rest is owed to a broker.

Margin Call: When the broker asks for repayment of the stock loan.

Tuesday October 29, 1929 BLACK TUESDAY

Unemployment Lines