2.3.3-4 Roaring 20's

Front

Which describes the economic perspective of laissez-faire?

Back

the government should follow a hands off approach to the economy

Front

Generally, the 1920s recovered from the post-WWI demobilization recession and experienced an economic _____?

Back

boom

Front

What is installment buying?

Back

Buy now - pay later. Just make monthly payments and you can have what you want now.

Front

What is the benefit of installment buying?

Back

Buying more today provides market stability by consistently giving businesses money. This helps grow the economy.

Front

What is the con of installment buying?

Back

If you lose your job, you can't pay them back

Front

"The chief business of the American people is business" - Calvin Coolidge. What was meant by this?

Back

The main goal of government is to keep the economy going well by promoting strong business

Front

By 1925, the nation's economy had lifted itself out of the dreadful postwar recession and was setting astonishing new highs for production and consumption. Business was ____. The stock market was ____. American free enterprise was robust, confident, and delivering the goods, literally

Back

booming, booming

Front

Define Stock Market

Back

The exchange of shares of public corporations between buyers and sellers

Front

Define Bull Market

Back

When stock market prices are rising, encouraging speculation.

Front

Define Speculation

Back

Buying to resell later at a higher price.