Great Depression Causes

Great Depression Causes

8th Grade

15 Qs

quiz-placeholder

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Great Depression Causes

Great Depression Causes

Assessment

Quiz

Social Studies

8th Grade

Easy

Created by

Bryan Armentrout

Used 4+ times

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15 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

People were buying high-risk stock with borrowed money, when the value of stocks fell, people lost their money

speculation

tariffs

overproduction

laissez-faire

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factories produced more than they could sell, causing supply to greatly exceed demand, in turn, causing companies to lay-off workers.

overproduction

mercantilism

barter

speculation

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

True/False: Because they had made many bad loans and extended too much credit to customers, many banks failed and were forced to close .

true

false

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Tax on imports; can lead to a slowing of the economy because trade is restricted .

tariffs

exports

laissez-faire

speculation

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Buy now!, pay later! (can lead to debt if abused!) Many Americans still abuse this today!

credit

debit

barter

money

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

October 29, 1929- the day the stock market “crashed” and the value of stock fell.

Black Tuesday

Black Friday

Fat Tuesday

Ash Wewdnesday

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Translated as “leave it alone” or “hands off!”- belief that the U.S. government should NOT try to help “fix” a troubled economy; it would work itself out.

laissez-faire

mercantilism

speculation

merci

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