Tuesday, May 26, 2015
Tuesday 26th May 2015
Hi Classmates!! I am José Luis and it is my last journal
Today in class of Social Sciences: Rodri and Lucia have made the make up exam of the work of the DIARY. And then we have continued to the class. Paqui have explain different thing of the Unit 8: The Imperwar Period in USA like:
- Investment Euphoria and Especulation: As getting cheap loans was very easy, and there are two types of bubble:
- Real State Bubble: A lot of houeses were built and easily sold, althrough precies increased due to the high demand.
- Stock Market Bubble : Many people investment money without any knowledge about economics.
And then of this explanation Paqui wrote a " short " scheme about the Symptoms of Crisis that suffered the USA Economy. Paqui spoke about the black thursday that consist a day that the precies decrease and you can buy a portable by 15 dollars, this day was amazing. This day the economic increase because all the product was relatively " free ".
During the class Paqui wrote a glossary in the blackwoard :
A giant with mud feet gigantes con pies de barro
Stock acciones de empresa
Real State inmobiliaria
Stock exchange bubble burbuja bursátil
Cash- flow efectivo
To enlarge a business ampliar un negocio
To foreclouse deshauciar
VAT ( Value Added Tax) IVA
Santhy town barrio de chabolas
To afford permitirse