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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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1
Between 1923 and 1929, industrial worker wages ________ and productivity __________.
dropped massively; dropped slightly
dropped slightly; increased greatly
rose gradually; increased astronomically
rose dramatically; decreased gradually
2
What was one of the first institutions to feel the effects of the stock market crash?
Banks
Grocery Stores
Factories
Loan Companies
3
What did businesses do to reduce costs?
Production Cutbacks
Sell Stocks
Layoffs
Reduce Prices
4
What did the Hawley-Smoot Tariff restrict?
prices on imports
prices on exports
prices on taxes
prices on food
5
Who was the Republican candidate for President in 1928?
Warren G Harding
Theodore Roosevelt
Calvin Coolidge
Herbert Hoover
6
The Great Depression lasted from _____ to _____.
1929-1930
1922-1930
1922-1941
1929-1941
7
One cause of the Great Depression was the ____________ of crops and _________ of goods.
surplus; underconsumption
surplus; overconsumption
shortage; overconsumption
shortage; underconsumption
8
On Black Tuesday, the stock market dropped ____ points in one hour.
85
30
21
100
9
In 1929, the Federal Reserve limited what?
Money
Stocks
Overspeculation
Loans
10
During World War I, farmers received _________________ from the federal government.
Mechanized Farm Equipment
Loans
Fertilizer
Subsidies
11
Black Thursday, the day the bottom fell out, occurred on what day?
October 29
October 23
September 30
October 15
