is for American Stock Exchange

This was once the third largest stock exchange in America, in its height handling 10% of all securities traded in the US. It opened in 1975 and changed its name to the American Stock Exchange in 1953.

Newspaper from crash, published Octover 29, 1929

is for Black Tuesday

This was the 4th and final day of the stock market crash that went on to cause the Great Depression. This happened on October 29, 1929, and they lost about $14 billion dollars (the equivalent of $206 billion dollars now).

is for Credit

Credit is the ability to borrow money or access good or services with the understanding you will pay later. This is what many people started doing in the 1920's causing the Wall Street crash in 1929. This method is also often used now.

is for Diversitfying

This is what many good stock traders do. Diversity is when something is varied. When a stock trader diversifies, they buy stock for many different companies to make sure that they will be okay if one company isn't doing very well.

is for Exchange

In a marketplace, a stock market, exchange is when securities, commodities, derivatives, and other financial instruments are traded. The main purpose of an exchange is to ensure fair trading!

is for Fluctuate

The definition of fluctuate is rise and fall irregularly in number or amount, which is exactly what the stock market does. Because a business cannot only be doing good, their stock will always be changing in value.

is for Great Depression

This was a decade of great hardship for the American people following the great stock market crash in 1929. This depression went from 1929 to about the start of World War II.

Taken in 1936

is for High Price

This is measured as the highest price a stock has been at in the last 52 weeks. This is modified by any stock splits that have happened, or the highest price at the last trading session that has happened.

is for Invest

Investing is when you expend money with the expectation of achieving a profit or material result. This is essentially what everyone does when they put money into the stock market!

is for Junk Bond

A junk bond is a high - yield, high risk security, typically issued by a company seeking to raise capital quickly in order to finance a takeover. These are lower quality bonds but generally have a higher pay, making investors more likely to buy them.

is for Kangaroos

Kangaroos is a term that is used to describe Australian Stocks. The index of these stocks consist of the most actively traded Australian companies.

is for Leverage

Leverage is when you use borrowed capital for (an investment), expecting the profits made to be greater than the interest payable. This was a problem that also contributed to the formation of the Great Depression, because it doesn't always work out in a way that you can pay off the interest. You will then start to lose money, causing you to go into debt.

is for Margin

When it comes to finance, margin is the minimum amount that a person has to deposit in order to cover some or all of the risk that comes with the stock market. In order to find the margin, you divide gross profit by the revenue.

is for New York Stock Exchange

This is an American Stock Exchange that is locate on Wall Street in New York City, New York. This is by far the largest stock market in the entire world, currently holding about $30.1 trillion US dollars.

Trading floor of New York Stock Exchange

Taken in 2010

is for Ownership

Ownership is the act or state of possessing something. When you buy a stock in a company, you physically own a small part of that company, and earning part of the revenue of that part of the company.

is for Price

Price is the amount of money respected, required, or given in payment for something. Stock has prices that can differ and change very quickly. People generally try to sell their stock when it is more expensive, and then buy other stock when it is at its cheapest.

is for Quote

A quote is the information that tells you what the current trading price of a stock is at any given moment. Most of the time (unless you are using an actual broker), the price will be delayed about 20 minutes.