1920's causes of the great depression

which statement best explains how bank failures contributed to the Great Depression?

• People lost their savings because the government did not insure bank deposits.

• Business could not be done when President Franklin Roosevelt declared a bank holiday

• The interest rates on bank loans were too high.

• Foreign investors did not invest enough in U.S. banks.

Which of the following directly contributed to the economic instability of the United States in 1929's.

• The implementation of a personal income tax

• Overspeculation in the stock market

• New regulations on banking

• The elimination of import tariffs

Which factor most intensified the effect of the 1929's stock market crash on the U.S. economy?

• Investors had purchased stock by buying on margin.

• The government had halted stock transactions as an emergency measure.

• The government had enforced restrictions that prevented insider trading.

• Individual investors had been able to buy inexpensive stock.

Which economic problem did advances in motorized farming technology created in the 1920's?

• Increased production which resulted in lower farm prices

• Decreased product diversity which contributed to crop failures.

• Increase demand for land which led to higher taxes on farm property.

• Decrease need for labor which resulted in mass unemployment.

Events in the United States in the Late 1920's

. Consumers are unable to continue making payments on

installment plans

. Demand for consumer goods declines

. Manufacturers reduce production

. ?

• Banks lower interest rates

• Elected leaders lower tariff rates

• Companies lay off employees

• Labor unions demand higher wages

. Decline in worldwide trade

. ? Great depression

. Bank failures

Which of the following best completes this graphic organizer?

• Increase in consumer spending

• Overspeculation in the stock market

• Decrease in military spending

• Government subsidization of agriculture

They'll decay . It ain't that human nature's changed much . Folks are just the same inside.... just the same as when Adam met Eve in the Garden of Eden. It doesn't make any difference whether a woman wears wool, cotton, of silk stockings, short or long dresses, hoop skirts or bustles or earrings or diamonds, or has her dress held together with hooks and eyes or buttons or a lot of safety pins, she's just the same inside as she ever was. The only difference is she wants more because there's more in the world to want.

The men are just the same, too. They all look, dress, and shave alike, their coats and pants and shoes and hats are all alike... but they want more, too. They don't want to work so hard and the want more for what they do."

Based on the excerpt, which contributors to the Great Depression would Mr. Savage have likely blamed for the country's economic problems?

• the passage of high tariffs and rising unemployment

• the overproduction of farm goods and unregulated banks

• the popularity of buying on margin and excessive consumerism

• the passage of laissez-faire policies and overproduction of factory goods