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Causes of the Great Depression Flashcards | StudBud
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Causes of the Great Depression
Causes of the Great Depression
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Causes of the Great Depression
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Questions
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Answers
1
October 29th, 1929 is known as what day?
Blue Monday
Red Friday
Black Tuesday
Chartreuse Wednesday
2
What was it called when many depositors all try to withdraw cash from a bank at the same time?
Bank Failure
Hold Up
Breaking the Bank
Bank Run
3
What is it called when the stock market is consistently going up, as it was in the 20s?
Bear Market
Bunny Market
Boston Market
Bull Market
4
Many people bough stocks on credit, paying a fraction of the cost up front. What is this called
Margin Buying
Speculation
Dumb
Discount Buying
5
Businesses producing too many goods, and people not buying enough describes what dual cause?
Supply and Demand
Surplus and Shortage
overconsumption / under production
overproduction / underconsumption
6
Congress raised tariffs to their highest level ever in 1930. What was the name of the bill?
Kemp-Roth Tax Act
Glass - Stegal Act
Hawley- Smoot Tariff Act
Terrible Tariff Act of 1930
7
What was unemployment in 1933?
33%
10%
25%
50%
8
What is the name for a tax on an imported (foreign made) good?
Capital
Excise Tax
Foreign Tax
Tariff
9
Which group felt the pain of overproduction / underconsumption the earliest and the most?
Miners
Stock Brokers
African Americans
Farmers
10
The interest rate that the FED charges banks to borrow money is known as what?
Reserve Rate
FED Rate
Going Rate
Discount Rate