NEW
Font size
WorksheetsCauses of the Great Depression
Total questions: 35
Worksheet time: 22mins
During the 1920's companies sold shares of stocks primarily to:
reduce taxes
inflate profits
get government loans
raise money for improvements
What year did the stock market crash?
1919
1914
1929
1933
When a large number of customers line up to withdraw cash from deposit accounts from a financial institution
Speculation
Black Friday
Bank Run
Underconsumption
Which of the following trends set the stage for the Great Depression?
Americans building up personal debt
Banks making a lot of very safe loans
Americans refusing to play the stock market
A lack of developed farm land in the Midwest and Great Plains
Which of the following problems was a key factor that helped lead to both the Great Depression of the 1930s and the economic recession that began in 2008?
Americans were going to too many jazz concerts
Business was booming, and profits were distributed equally among workers and mangers
America was mired in costly wars at both times
Americans were spending too much money they didn't have
Why did so many banks fail during the Great Depression?
Back then, banks had no deposits--they only made loans
The banks had invested all their depositors' money in the stock market
The banks had used their depositors' money to buy automobiles, radios, and other popular inventions.
The bank had made risky loans that weren't paid back
What effect did the Great Depression have on the American economy?
It led to high unemployment and underproduction.
It brougth about large business investments and low taxes.
It created too much money in cirulation and high stock prices.
It increased employment and real estate vaules
What happened to a large number of the banks in the United States during this time period?
banks stayed open
banks were shut down
banks had to pay a fine
banks were destroyed by riots
When a large number of customers line up to withdraw cash from deposit accounts from a financial institution
Speculation
Black Friday
Bank Run
Underconsumption
What was the trigger of the Great Depression
Farmers went on strike
The Stock Market crashed
Overproduction of goods
Franz Ferdinand assassination
How did factories play a role in the Great Depression?
Many shut down and thousands lost their jobs.
They made so much money that everyone else was poor.
They were very dangerous for women.
Almost all farmers left to work in the factories.
What happened with the banks during the Great Depression?
They bailed out the best factories.
Thousands went out of business.
Their money was stolen by the government
They had to make new money.
Which of these are the steps, in order, to how the stock market works?
Buy loans, don't pay them back, bank takes your house.
Invest in a company, the business does well, your investment is worth more.
Buys stocks in a company, the company succeeds, you lose money.
Factories need investors, banks provide money, bank employees get rich.
Overproduction is when
Factories make too much of an item with no one to buy them.
People buy too many items and cannot afford them all.
Banks produce too much money and devalue the dollar.
All answers are correct.
Buying on credit means
You make small payments for goods.
The money comes directly from your boss.
You get the goods without paying, with trust you will pay in the future.
The item you want is put to the side until you can afford it.
What are stocks?
Shares of a company you can buy as an investment
Overproduced items in a factory
Loans given to those who lost their jobs
Metallic pieces of a market that keep it from crashing
Black Tuesday is
The second Tuesday of each November, also called National Banking Day
The official end of the Roaring 20s
October 29th, 1929, the day the Stock Market crashed
The day President FDR was assassinated
Installment Buying
Factories purchasing other factories with the help of banks
Paying for something with a loan
Using credit to make large purchases
Buying goods in small payments
How did an economic recession help cause the Great Depression?
Americans bought less, causing less demand for goods
Bank runs caused depositors to withdraw all their money from banks
The market bubble popped, crashing Wall Street
Low interest rates encouraged risky speculation
Law that raised taxes on imports and worsened the Depression
Hawley-Smoot Tariff Act
The Revenue Act of 1932
The Emergency Banking Act of 1933
The National Industrial Recovery Act of 1933
