Section I - The Great Depression

most widely used barometer of the stock market’s health

Business's encouraged Americans to be careful with piling up a lot of consumer debt

The United States was the only country effected by the Great Depression

Mining and Lumbering were no longer in demand due to competition from new forms of ______

What expanded the gap between the rich and the poor by the late 1920s?

Prices for Farmers goods dropped by the end of WWI

Why did prices rise and international demand for crops increase before the depression?

a share of ownership in a company

Who won the Presidential Election of 1928?

speculation was risky

Which president vetoed the bill that would have assisted farmers with their struggle?

Americans appeared to be prosperous during the 1920s while living within their means

How many workers were unemployed by 1933?

October 29, 1929

A month after Black Tuesday - how much did investors lose?

The government was responsible for protecting bank accounts and saved millions of American dollars in saving accounts

The stock market crash caused the Great Depression

Buying on margin - if you paid for a stock - you had multiple ways of paying back the loan if the stocks value declined

Railroads lost business to....