| Monday, December 15, 2008 |
| The Great Depression.. |
1. It was starting to become clear that in 1921 a recession in the US had began.
2. Anyone could buy stocks worth $50,000 for only $500 down.
3. As the prices continued to drop the people got into a frenzy.
4. He got out of a major money loss by backing out of a bad deal.
5. The people who stayed, eventually went bankrupt and many killed themselves because they did not want to broke.
• What was responsible for making the prices go down?
• Why were things in a frenzy?
• How is buying broken down businesses going to help the economy?
• What was the usual pay for brokers before the depression began?
Pittance (noun) - a small portion, amount, or allowance (pg#43)
Faddist (noun) - a practice or interest followed for a time with exaggerated zeal (pg#45)
Abrasive (adjective) - causing irritation (pg#47)
The amount of money needed to put down for stock decreased drastically, which was really responsible for Wall Streets collapse. |
Slid down the rainbow at 6:33 PM  |
|
|
|
|
| Where To? |
|
| Posts of Note |
|
|
| Books I Want to Read |
Get me one of these books and I'll be your loyal friend for life (see below for my email address if you're actually considering the idea - not that I'm expecting you to)...
- Dante's Inferno
- Mansfield Park
- Midnight Sun
- Macbeth
- Incarceron
- Northanger Abbey
- Flowers in the Attic
- The Age of Innocence
- Emma
- Cather in the Rye
- Bombs on Aunt Dainty
- The Silver Kiss
- Pride & Prejudice
- Midnight's Choice
- Tuck Everlasting
- 1984
- Wild Blood
- Persuasion
- The Notebook
- Stone from the River
- Light in August
- Sense & Sensibility
|
| Links |
|
|
|
