Great Depression in Canada

Front

During the Stock Market crash of 1929, what happened?

Back

stock prices fell, causing billions of dollars to be lost.

Front

What is one reason the stock market collapsed in 1929? Options: Only wealthy Americans invested in the stock market, Investors inflated prices, and then sold shares very cheap, losing money, Investors refused to invest in the stock market, Investors bought shares cheap, and then sold stocks at a high price

Back

Investors inflated prices, and then sold shares very cheap, losing money

Front

What was the risky investment practice that contributed to the collapse of the stock market?

Back

Buying on Margin - Taking out debt and investing it to hopefully make a quick profit

Front

Which of the following is a term for buying something now and paying for it later? Credit, Debit, Speculation, Investment

Back

Credit

Front

How did the stock market crash of 1929 contribute to the Great Depression?

Back

The crash was so serious that it caused long-term problems for the economy.

Front

Which of the following is NOT one of the main long-term causes of the Great Depression in Canada?
The drought and the dust bowl in Canada in the US, People buying things on credit and having a lot of debt, The economy in Canada depended very much on selling to the US., WWI

Back

WWI

Front

How did people having less money to spend help cause the Great Depression?

Back

Canadians bought less, which meant companies sold less (lower demand)

Front

What forced banks to close during the Great Depression?

Back

Investors unable to pay loans and everybody wanting to take out their accounts in cash

Front

After the Stock Market Crash, many people lost their life savings because _______________.

Back

banks closed

Front

Which of the following did NOT lead to the Dust Bowl? A severe drought that lasted years. Soil was used only for growing wheat. Too many happy cows.

Back

Too many happy cows.