Question

american experience: the crash of 1929 video guide

1. what did they call the decade of prosperity and endless optimism that thought would last forever?
2. what song represented the optimistic feeling of the 1920s?
3. what do you call a share of a company that is bought and sold at the york stock exchange?
4. what did herbert hoover promise in his presidential campaign spee
5. what does consumer credit mean?
6. who came up with the idea that the general public could buy stocks with the wealthy people?
7. what strange place did people get their stock buying tips from?
8. what is borrowing money to buy stocks called?

buying on the margin

1. what is it called when wealthy investors pooled their money in a agreement to buy stocks and artificially inflate its price then sell it so that they could make large profits?

Explanation:

1. Identifies the nickname for the prosperous 1920s in U.S. history.
2. Names the iconic song tied to 1920s optimism.
3. Defines the financial instrument traded on the NYSE.
4. States Hoover's key campaign promise.
5. Explains the core concept of consumer credit.
6. Notes the figure who promoted broad stock access.
7. Cites the unusual source of stock tips in the era.
8. Confirms the term for borrowing to buy stocks.
9. Defines the manipulative stock trading practice.

Answer:

1. The Roaring Twenties
2. "Happy Days Are Here Again"
3. A stock (or common stock)
4. He promised "a chicken in every pot and a car in every garage" (and continued prosperity)
5. Consumer credit is a type of credit that allows individuals to borrow money to purchase goods or services, to be paid back later with interest.
6. Charles E. Mitchell (head of National City Bank)
7. People got stock buying tips from taxi drivers (and other non-financial, everyday people)
8. Buying on margin
9. Stock pooling (or a pool operation)