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Great Depression Causes Flashcards | StudBud
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Great Depression Causes
Great Depression Causes
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#greatdepression
Flashcards
16 cards
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Questions
16
Answers
1
Making a risky investment in hopes of striking it big is called...
No Risk No Reward
Risky Business
Speculation
Guessing Game
2
When banks make loans they charge...
interest
100 dollars
your credit card
margins
3
Farmers felt the affects of depression before others because they lost their European customers
False
True
4
Large numbers of people panicked and went to the bank to withdraw their money...
caused stocks to fall
caused stocks to rise
called a bank run
called a bank attack
5
October 29, 1929 is known as...
Crash Day
Good Friday
Black Friday
Black Tuesday
6
Bonus: What year did Rosa Parks refuse to get up?
1955
1964
1960
1954
7
Who was President of the US when the Great Depression started? (Hint: dam named after him)
Woodrow Wilson
Herbert Hoover
Frank "Hurry Up" Crow
Franklin D. Roosevelt
8
What percentage of workers were unemployed during the Great Depression?
30%
20%
25%
10%
9
When people stopped buying things is called...
Overproduction
Underconsumption
10
A tax on imported goods is known as a...
Income
Interest
Tariff
Excise
11
You're guaranteed to make money in the Stock Market.
True
False
12
A steady rise in stock prices over a long period of time is known as a...
Climbing Cow
Bear Market
Bull Market
Penguin Market
13
What percentage of banks in the US closed their doors during the GD?
30%
25%
10%
20%
14
What was the name of the tariff that contributed to the Great Depression going world wide.
XYZ Tax
Hawley-Smoot Tariff
Hoover-Roosevelt Tariff
Harpo-Groucho Tariff
15
Buying on Margin is when you...
get cash back for your stocks
buy goods for low prices
buy stocks low and sell high
borrow money from banks to buy stock
16
Buy high and sell low!!
False
True
