What did it mean when people bought shares 'on the margin'?
People bought shares they couldn't afford with loans and and sold them when profit was higher than the loan.
1 of 10
What was the Fordney McCumber Tarriff?
This put a high tax on all foreign goods so American goods would be bought instead. This was ineffective in the long term as it encouraged foreign governments to put tax on American goods.
2 of 10
What was 'Hire Purchase'?
When people bought goods by paying a deposit then paying the rest in installments.
3 of 10
What was the 1917 Immigration Law?
This required all foreigners to take a literacy test, effectively preventing people from poorer countries entering the US.
4 of 10
What was the 1921 Immigration Quota Act?
This limited the amount of immigrants into the US to 357,000 per year. This also limited the amount of immigrants per ethnic group to three per cent of the number already in the US in 1910.
5 of 10
What was the 1924 National Origins Act?
This further reduced the quota act (immigrants per ethnic group to 3% of the number already in the US in 1910) to 2% of the population in 1890.
6 of 10
What was the 1929 Immigration Act?
This limited the amount of immigrants entering the US to 150,000 per year.
7 of 10
What caused the KKK to lose support in the 1920s?
A highly publicised court case led to one of the leaders being convicted of kidnap, ****, and murder of a woman on a train.
8 of 10
What were the effect of the Jim Crow Laws?
These made segregation legal.
9 of 10
What was the cause of the St. Valentine's Day Massacre?
Prohibition led to an increase in organised crime and gangs. The St. Valentines Day Massacre was a prime example of gang violence over alcohol.
10 of 10
Other cards in this set
Card 2
Front
What was the Fordney McCumber Tarriff?
Back
This put a high tax on all foreign goods so American goods would be bought instead. This was ineffective in the long term as it encouraged foreign governments to put tax on American goods.
Comments
No comments have yet been made