The Great Depression

Panic selling results in

Over production of agricultural products results in

Putting 10% down in order to buy shares

War which enabled the USA to dominate European markets

Tariffs are raised on goods to protect British industries. This results in

USA gov't does this to provide people with more disposable income.

The depression cycle begins

On October 29th, panic selling resumes and investors buying on margin were not able to pay

America stops loaning money results in

USA consumer goods forced Europe to shift production to

The withdrawal of American credit leads to political turmoil in

Problem with buying on margin

Many people in government believed in the business cycle. And as such thought it was just a ___

A country that chose a radical solution to the problem was

Loss of farming income leads to

Britain responds to the depression with traditional remedies such as

European prosperity was keyed to

Britain's main problem was

USA is able to supply what type of good

Wages increase by 8%, but profits increase by 72% results in

Banks were unable to collect _________.

By mid 1929 the World economy was

American governments do this to protect their industries

In Europe they respond to American tariffs with

Suddenly, people were faced with _________ they could not pay.

In the British midlands unemployment hit

Speculators, sensing something was amiss, began to sell their stocks

Idea to allow people to purchase products they could not afford

Increased inventories results in

Demand falls below supply results in