Day 23 Causes and Effects of the Great Depression

Which of the following was not a cause of the Great Depression?

• Overuse of credit.

• Tariffs.

• Speculation in the stock market.

• Too much government regulation of the economy.

This 1929 picture would be most associated with what major event that marked the beginning of the Great Depression?

• The Harlem Renaissance.

• The stock market crash of 1929.

• “Run on the banks.”

• Overproduction

What was a major cause of bank closures at the beginning of the Great Depression?

• Banks had money invested in the stock market.

• Banks loaned money to investors to buy stocks.

• Investors attempted to take out cash to repay lost money in the stock market.

• All of the above.

What major cause of the Great Depression would be most associated with this political cartoon?

• Stock market Crash of 1929.

• Widespread bank failures, aka “run on the banks.”

• Overproduction.

• Hawley-Smoot Tariff.

Define “buying on margin” –

• Using credit to buy stock.

• Using credit to buy homes.

• Using credit to buy new consumer goods.

• IDK