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Great Depression Causes review Flashcards | StudBud

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Great Depression Causes review

6 terms·StudBud Administration·98 plays

This is a review of the causes of the Great Depression

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Questions 6

Answers

1
How did consumerism help cause the Great Depression? .
Americans invested heavily in real estate opportunities.
Americans used credit to purchase household and luxury items
Americans purchased large quantities of imported goods.
Americans earned high wages in the industrial sectors
2
'sat was illustrated by the march of the "bonus Army" and "Hoovervilles" during the 1930's?
Excitement over Hoover's success in solving social problems
Anger with how Hoover dealt with the Great Depression
Government maintaining Laissez-Faire policies
The government's attempt at ending homelessness
3
Which economic practice became significantly more widespread during the 1920’s?
Dependence on government welfare
governmental regulation of the banking system
reduction of tariff rates for imports
Stock-market speculation
4
All of the following were causes of the Great Dperession EXCEPT
High Tariffs and International Trade (Smoot-Hawley Tariff)
Overproduction/Under consumption
Government ending Laissez-Faire policies in the 1920's
Buying stocks on margin
5
All of the following are effects of the Great Depression EXCEPT
Bank failures and individuals lost their life savings
Widespread crime and a rise in employment
Economic hardship and widespread homelessness
hunger and unemployment
6
This is a system where the government has control over the economy and the production of goods.
Capitalist
Anarchist
Communist
Socialist