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Cause and Effects of the Great Depression Flashcards | StudBud
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Cause and Effects of the Great Depression
Cause and Effects of the Great Depression
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LEARN THIS HISTORY Y'ALL
Flashcards
8 cards
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Questions
8
Answers
1
In what year did the stock market crash?
1930
1925
1929
2008
2
Why did the banks close down?
Because people took out excessive amounts of money at once
Because they were broke
Food prices went up
People rushed to get money, leaving the banks empty
3
What was one of the causes of the depression?
European recession from WWI
All of the above
Poor distribution of wealth
Economy went into a recession
4
How many banks collapsed during the depression?
80
950
2,000
11,000
5
What was one of the immediate effects of the depression?
pessimistic outlook
dust bowl
strict trading regulations
depression :(
6
What was the average unemployment rate for the United States at its peak (1933)?
22%
30%
25%
40%
7
What was an effect of the stock market crash?
crash and burn
low wages, unemployment, suffering
low wages, unemployment, debt
stock market crash
8
What was the unemployment rate for minority groups?
12%
50%
75%
20%
