Causes of the Great Depression

Front

Which of the following was NOT a cause of the Great Depression? People bought stocks on credit or borrowed money, Banks had to close because they did not have enough money, Many businesses had a surplus of goods that couldn't be sold, The New Deal tried to start too many new programs

Back

The New Deal tried to start too many new programs

Front

What caused the stock market crash of 1929? Options: prices increased and investors purchased more stock, People panicked and quickly sold their stocks, farmers could not produce enough food for the USA, World War I caused the economy to fall

Back

People panicked and quickly sold their stocks

Front

What led to a bull stock market in 1928?

Back

economic prosperity and optimism

Front

What event valued stocks lower than their worth and caused lots of people to panic?

Back

The Stock Market Crash

Front

Which describes a "depression"?

Back

poor economic performance and high unemployment

Front

Which of the following is NOT a cause of the Great Depression? Stock Market Crash, Credit, Speculation, Prohibition

Back

Prohibition

Front

This is the process of taking money borrowed from the bank or a broker, and putting it into the stock market

Back

Buying on Margin

Front

What was one of the results of the soaring stock market of 1928?

Back

More and more new and often inexperienced investors were entering the market.

Front

This is making a very risky investment in the stock market, in hopes of earning a large profit.

Back

Speculation

Front

Which of the following was a major cause of the Great Depression? overproduction and underconsumption, a decrease in the supply of consumer goods, an increase in demand for imported products, an increase in the price of wheat on the world market

Back

overproduction and underconsumption