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AP US History vocabulary list: Difference between revisions
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<ul><li>{{#tip-text:Black Thursday|Thurs., Oct 24, 1929 "sell-off" or panic selling of stocks at the "opening bell" (when the market opened) that led to 11% drop in market value; banks, especially JP Morgan Bank and large investment firms put in high bids to drive up prices, and the market stabilized at the end of the day and Friday, Oct 25, 1929}}</ul></li> | <ul><li>{{#tip-text:Black Thursday|Thurs., Oct 24, 1929 "sell-off" or panic selling of stocks at the "opening bell" (when the market opened) that led to 11% drop in market value; banks, especially JP Morgan Bank and large investment firms put in high bids to drive up prices, and the market stabilized at the end of the day and Friday, Oct 25, 1929}}</ul></li> | ||
<ul><li>{{#tip-text: | <ul><li>{{#tip-text:Black Monday|Mon, Oct 28: after the initial panic of Thursday, with instiuttional buying to keep up prices, it seemed that the market had stabilized; however, on Monday, investors who had borrowed money to buy stocks faced "margin calls", which led to massive sell-off and an overall 13% drop in the market;}}</ul></li> | ||
<ul><li>{{#tip-text: | <ul><li>{{#tip-text:Black Tuesday|Tues, Oct 29, investors panicked and sold at continuously lower prices in order to recover whatever they could, to the point that there were no buyers for many stocks; the market dropped another 12% with the most "volume", or number of sales, ever up until that time; the market continued its decline into the rest of the year}}</ul></li> | ||
<ul><li>{{#tip-text:"buying on margin"|borrowing money to purchase stocks; margin buying allows investors to purchase more stocks than they could with their own money, so if there is much margin buying, it drives up the prices of stocks; the practice became widespread by late 1920s and led to the "speculative bubble" that burst in Oct. 1929}}</ul></li> | <ul><li>{{#tip-text:"buying on margin"|borrowing money to purchase stocks; margin buying allows investors to purchase more stocks than they could with their own money, so if there is much margin buying, it drives up the prices of stocks; the practice became widespread by late 1920s and led to the "speculative bubble" that burst in Oct. 1929}}</ul></li> | ||
<ul><li>{{#tip-text:Hawley-Smoot Tariff|}}</ul></li> | <ul><li>{{#tip-text:Hawley-Smoot Tariff|}}</ul></li> | ||