more money, more problems

More Money, More Problems______________________________: buying on credit- Buyers could take home a new fridge by putting a

________________________________ on it - Each month they paid an installment until they had

paid the full price PLUS INTEREST- “___________________________________”

increased the demand for goods _________________: monetary dues owed over time as a result of credit

Soaring Stock Market:- Boom of the 20s gave the stock market a giant boost- Corporations sold __________: shares of ownership sold to investors

* Investors made or lost $$ depending on whether the price of shares went ____or _____

Bull Market:By late 20s, more people were investing in the stock market than ever- Stock prices rose so fast some people made fortunes

overnight (this encouraged more to buy)- Bull market:

______________________________________________________________________________________

Many people bought stocks on a margin system:- An investor would buy stock for as little as 10% down payment- The buyer held the stock until the ____________& then sold it at

profit- Margin buying worked as long as _______________ kept going ____

Remember Bull vs. Bear?

Problems Rising:- In 1928 & 1929 – prices of many ______________rose faster than the value of the _____________themselves

* Experts warned that the bull market couldn’t last forever* Most ____________ ignored the warnings

Limited Role in World Affairs:- After WW1, U.S. was world’s leader in ________________ power- Europeans expected U.S. to take a major role in world affairs- Harding & Coolidge wanted to continue peace in Europe, however they didn’t want the job of ______________world peace- Many Americans supported this return to prewar _______________

Latin America:- During WW1 LA nations had been cut off from __________- Result: U.S. trade/ investment in LA increased- Trade continued after war- U.S. limited its role abroad for fear that more involvement may

___________________________________________________

Soviet Union:- Lenin is now the big cheese in ______________ since the revolution- Lenin created the world’s first communist state- ________________: economic system in which all wealth & property are owned by the community as a whole- U.S. refused to recognize Lenin’s government & disliked the idea of communism

Pursuing Peace:- Post WW1 many people favored ____________________: a reduction in the armed

forces & weapons of war- Harding & __________________________also supported peace efforts