The Great Depression

Which was NOT a LONG-TERM cause of the Great Depression?

• Buying stock on margin
• Stock market crash (Black Tuesday)
• too much production and consumer spending
• Laisezz-faire economic policies

The Great Depression began in

• 1925
• 1929
• 1932
• 1940

What effect did the Dust Bowl storms have on the Great Depression?

• Many farmers were forced to leave the Great Plains.
• Unemployment decreased gradually.
• Many homes long the Mississippi River were flooded.
• Hoover was re-elected as president.

Who was president at the time of the Stock Market Crash of 1929?

• Abraham Lincoln
• Franklin D. Roosevelt
• Theodore Roosevelt
• Herbert Hoover

After the Stock Market Crash, many people lost their life savings because _______________.

• banks closed
• banks gave away their money
• they couldn't remember where they put it
• someone stole it

Which of the following statements best describes what happened on Black Tuesday?

• Stock prices fell and the stock market crashed.
• Bank runs forced many banks to close their doors.
• Federal troops attacked the Bonus Army marchers.
• The Supreme Court ruled that the NRA was unconstitutional.

This is the process of taking money borrowed from the bank or a broker, and putting it into the stock market

• Buying on Margin 
• Speculation 
• Buying on Credit 
• Overconsumption 

A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later

• Speculation 
• Buying on Credit 
• Buying on Margin 
• Overproduction 

When a large number of customers line up to withdraw cash from deposit accounts from a financial institution

• Speculation 
• Black Friday 
• Bank Run 
• Underconsumption 

This cause led many businesses to close, because they were producing more goods than consumers were willing to buy. (caused farm crop prices to drop)

• Overproduction 
• Underconsumption 
• Buying on Credit 
• Stock Speculation