ECON 113 Chapter Notes - Chapter 0-1: Subprime Mortgage Crisis, Henry L. Stimson, Herbert H. Lehman
Document Summary
Increasing public works supporting agricultural prices creating new mortgage markets shortening the working day and week regulating securities restoring international trade reforesting the countryside repealing prohibition. 1929: black tuesday/great crash, most devastating stock market crash in the history of the us. 1932: franklin d. roosevelt elected president, promises a new deal for the american people . War prevented the free movement of people, goods, and money. 1919: treaty of versailles ends war between the allies and germany, demands that germany pay reparations to the triple entente (britain, france, russia) 1927: league of nations" world economic conference declares itself against tariffs. October 24th, 1929: black thursday- new york stock exchange crashes. Fdr pool stocks : stocks that a group of investors would manipulate in order to create the impression that demand was rising before cashing in and lowering their prices dramatically. Investors bought stock based on the soundness of the underlying enterprise over a long period of time.
