Day 26 USH Do Now - Life in the Depression

A "tariff" is a tax on

• a foreign good.

• alcohol.

• tobacco.

• income.

Which term refers to buying stocks with credit?

• Installment plans

• Run on the Banks

• Buying on margin

• Overproduction

Which event marked the beginning of the Great Depression?

• Overproduction

• Run on the Banks

• Stock Market Crash of 1929

• The Teapot Dome Scandal

What was a major cause of bank closures following the "Run on the Banks" 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.

True or false: unemployment drastically increased as a result of the Stock Market Crash of 1929 and the Run on the Banks.

• True

• False

Which following factor led to the Great Depression?

• Increased tax rate for corporations

• Excessive speculation in the stock market

• High wages paid by employers

• Gov't limitations on money in circulation