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Causes of the Great Depression Flashcards | StudBud
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Causes of the Great Depression
The Great Depression lasted
Who said, "The only thing we have to fear is fear itself?" (and why?)
Causes of the Great Depression
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1
Who said, "The only thing we have to fear is fear itself?" (and why?)
Grant
Franklin Roosevelt
Taft
Wilson
2
The Great Depression lasted
5 years
20 years
12 years
We're still in it
3
The stock market crashed in 1929 mostly due to
high tariffs
drought
greatly overvalued stocks
deflation
4
The Great Depression was different from earlier economic panics because the other panics...
only affected the rich.
didn't last as long.
were usually solved by government action.
5
Definition: Taking a large financial risk in hopes of a large gain
Shares
Speculation
Wall Street
Stocks
6
Paying a percentage of a stock's value and borrowing the rest from a broker
Buying on the margin
Stocks
Dow Jones Index
Wall Street
7
Causes of the Great Depression: Deflation (drop in prices) is bad because people won't
put money in savings.
borrow money.
start businesses due to low profit margins.
purchase consumer goods.
8
Those not invested in the stock market also lost money due to
Hoover's assurance that everyone would get rich from stocks
banks and insurance companies investing savings in stocks.
all of the above.
government overregulation
9
Which of the following was a cause of the Great Depression?
overproduction of consumer and agricultural goods
a lack of regulation in the financial industry
speculation
Tariff wars
