Terms by Claire Jacobson https://padlet.com/jacobscl2021/wwathc1lwf77 By Claire Jacobson en-us 2017-12-01 14:08:35 UTC 2024-11-25 18:54:29 UTC hello@padlet.com Bank Runs jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212262363  People freak out and try to take all their money out of the bank, only to find out it’s gone. Banks close, people lost their savings. 
~Many people had bank runs once the stock market crashed, and couldn’t withdraw their money because all of it disappeared.
]]> 2017-12-01 14:12:03 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212262363 Business Cycle jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212263419 Economic expansions and contractions
-The Great Depression was at the low point of a business cycle until WWII brought us to the high point of a business cycle.
]]> 2017-12-01 14:14:19 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212263419 Buying on Margin jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212264576 When people buy many stocks in hope of their increase in value.
~Many were buying on the margin since the stock market was at its highest peak, only to find themselves broke and in debt when the stock market crashed.
]]> 2017-12-01 14:16:43 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212264576 Depression jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212265683 long-term downturn in economic activity in one or more economies
~The world fell into a deep depression after the stock market crashed.
]]> 2017-12-01 14:19:04 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212265683 Overproduction jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212266649 the making of products in a mass quantity that aren’t all going to be used/bought. Too much product- no one to buy it!
~The overproduction of many items lead to workers being fired since they needed to bring production down.
]]> 2017-12-01 14:20:58 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212266649 Recession jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212267702  A period of economic decline
~The Great Depression was a thousand times worse than your average recession.
]]> 2017-12-01 14:22:59 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212267702 Stock Market Crash jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212695092 Billions of dollars lost, many people lost their stock value. 
~The stock market crash of 1929 was the worst economic disaster for the United States
]]> 2017-12-04 02:50:48 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212695092 Supply and Demand jacobscl2021 https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212695157 How much of something is avaliable vs how much people want it. 
~Because of the huge amount of supply and demand, farmers were making more corn for less money, and less corn for more money.
]]> 2017-12-04 02:51:23 UTC https://padlet.com/jacobscl2021/wwathc1lwf77/wish/212695157