Causes of Great Depression

A(n) ____________________ is a long-lasting downturn in the economy.

• recession

• depression

• economic boom

• bull market

Guess: What is another name for the Stock Market Crash?

• Black Friday
• Taco Tuesday
• Black Tuesday
• Throwback Thursday

Who was the President of the United States when the Stock Market crashed?

• Franklin D. Roosevelt
• Herbert Hoover
• Woodrow Wilson
• Theodore Roosevelt

Identify some reasons behind the downfall of the US economy

• overproduction of consumer goods and a gradual decrease in their demands

• Purchase of goods and homes on a credit system and loans

• Overproduction of agricultural goods creating a glut

• Intense speculation in purchase and sale of stocks.

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 

This is the idea that the rich become richer, while the poor become poorer

• Black Tuesday 
• Speculation 
• Unequal distribution of wealth
• Buying on Credit 

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

• Speculation 
• Black Friday 
• Bank Run 
• Underconsumption 

When the purchase of goods and services is at a lower level then the supply (not enough goods are being purchased by consumers)

• Underconsumption
• Overproduction 
• Speculation 
• Buying on Margin