Great Depression

What event started the Great Depression?

• Laissez-faire economics

• the Stock Market Crash

• Hawley-Smoot Tariff Act of 1930

• the Bank Panic of 1930

In what year and month did the Stock Market Crash?

A Bull Market occurs when

• stock prices are driven wildly upward

• stocks are bought on margin

• stock prices are driven rapidly downward

• people speculate in the stock market

A Bear Market is when

• stock prices are driven wildly upward

• buying stocks on margin

• stock prices are driven rapidly downward

• people speculate in the stock market

Speculation is when

• stock prices are driven wildly upward

• buying stocks on margin

• stock prices decline rapidly

• people buy and sell stocks

What occurred 1 year after the stock market crash to accelerate the depression?

• the automotive recession

• a war

• a tax decrease

• a bank panic

What did installment buying do to personal debt?

• increased it

• decreased it

• nothing

When businesses attempt to insulate themselves from the loss of profits by cutting production and workers it creates a

• circular economics

• bull market

• declining spiral

• sell out

What caused the stock market boom of the 1920?

• investment buying

• over-speculation

• economic growth

• a recession

Which occupation did not prosper during the 1920's?

• auto workers

• farmers

• factory workers

• stock brokers