Great Depression_1

Herbert Hoover was a Democrat and was president when the stock market crashed in 1929

The Republican Party won three presidential elections in a row with three different candidates in the 1920s.

During this same time period, American GDP shrank by about 25%

Which of the following is blamed for creating an unstable international debt structure?

Generally speaking, most historians and economists agree about the the primary causes of the Depression

The most serious problem facing the economy in the years after the Crash was the unstable

Another name for maldistribution of purchasing power is

Some economists argue that the Federal Reserve should have raised, not lowered interest rates during this period

As result of the deteriorating conditions of the early 30s, the economy experienced price deflation, not inflation

October 29, 1929, the largest single day drop in the stock market up to that point was known as "Black Friday"

Between 1930 and 1933 over 9,000 American banks either went bankrupt or closed to avoid bankruptcy

Black Tuesday, 1929, is widely considered the beginning of the Great Depression

Which of the following is generally accepted as a contributing factor towards the length and severity of the Depression?

For much of the 1930s, the US unemployment rate hovered around 50%

In the 1920s American banks lent money to ___ so that they could pay ___ who could then pay ___ for support during WWI

Between 1930 and 1933 the nation's money supply shrank by perhaps a third