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Causes of the Great Depression Flashcards | StudBud

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Causes of the Great Depression

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Questions 6

Answers

1
The result of the banking crisis was:
Ordinary citizens were able to withdraw savings
ordinary citizens lost all money in banks
Rich people maintained savings
2
The conservative response of the federal government:
Made the Depression worse
Helped bridge the wealth gap
Eased the effects of the Depression
3
The stock market crash immediately led to:
A GNP crisis
A housing crisis
A banking crisis
4
Two causes of the stock market crash in 1929 are:
Buying on Margin and Speculation
None of the above
Illegal trading and buying on margin
2nd Party loans and Speculation
5
Underconsumption led to:
Farm failures
Bankruptcies
Layoffs
All of the above
6
Other factors leading to economic decline during the late 1920s were:
Underproduction and overconsumption
Overproduction and overconsumption
Overproduction and underconsumption