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Prosperity Shattered

Prosperity Shattered. Chapter 24 Section 1. A. Economic Troubles on the Horizon Hoover told the people that the USA is strong People started to purchase on credit $7 billion by 1929 Playing with the market Bull Bear Margin Buying Purchasing stocks with borrowed money.

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Prosperity Shattered

Prosperity Shattered. Goals. Describe consumerism in the 1920s. Define bull market, bear market, speculation, margin buying, Black Thursday and Black Tuesday. Explain how the stock market works. Explain why the stock market crashed in 1929. . Economic Concepts. Supply and Demand. Credit.

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Prosperity Shattered

Prosperity Shattered