Which situation was a basic cause of the Great Depression?

overproduction of consumer goods.

Which of the following was NOT a cause of the Great Depression?

There was a sharp spike in the price of manufactured goods.

Which of the following describes what happened during the stock market crash of 1929?

stock prices FELL & many investors SOLD their stocks.

Why were some banks forced to close?

Investors panicked and tried to withdraw their money.

Buying things with credit can be dangerous because:

people can't always pay the money back.

Which conditions are most characteristic of an economic depression?

high unemployment and overproduction

Which is a way in which the Great Depression affected the lives of many Americans?

Many children quit school to help their families earn money.

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Chapter 7, Lesson 3: The Good Times End

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Answers

1
Which situation was a basic cause of the Great Depression?
over regulation of the stock market.
overproduction of consumer goods.
excessive profits for farmers.
continued increases in wages for workers.
2
The stock market crashed in:
1999
1929
2009
1909
3
Which of the following was NOT a cause of the Great Depression?
There was a sharp spike in the price of manufactured goods.
The stock market crashed.
Many peopled borrowed money and couldn't pay it back.
There was a surplus of agricultural products.
4
Which of the following describes what happened during the stock market crash of 1929?
Stock prices FELL & many investors PURCHASED stocks.
Stock prices ROSE & many investors SOLD their stocks.
Stock prices ROSE & many investors PURCHASED stocks.
stock prices FELL & many investors SOLD their stocks.
5
The worst period of economic hardship in the history of the US was the:
Great Depression
stock market
credit
unemployment
6
Why were some banks forced to close?
Investors panicked and tried to withdraw their money.
The owner of the banks lost his/her money.
Investors panicked and tried to deposit their money.
The banks' stocks lost money.
7
Buying things with credit can be dangerous because:
the banks won't be able to give credit to everyone.
people can't always pay the money back.
the creditors (lenders) might give you counterfeit (fake) $.
buying with borrowed money is illegal.
8
Which conditions are most characteristic of an economic depression?
high unemployment and overproduction
large business investments and low taxes
high employment and increased real estate investments
too much money in circulation and high stock prices
9
Why did hobos choose to ride the rails?
to find work out west
to collect ticket money from passengers
to have free meals from the railroad company
to escape the police
10
Which is a way in which the Great Depression affected the lives of many Americans?
Farmers were hurt by tariffs and rising crop prices.
People moved from shantytowns to suburbs.
More people got married immediately after finishing school.
Many children quit school to help their families earn money.
11
This picture is an example of:
hobos
Shantytown/Hooverville
homesteading
a stock market
12
The condition of being out of work is:
unemployment
stock market
Great Depression
credit

Chapter 7, Lesson 3: The Good Times End Flashcards | StudBud