Ch. 30 Review

_____________ happens when more goods are being produced than people can afford to buy.

During the stock market crash, how did banks trigger a rash of bank runs?

Which of these did the MOST to trigger a worldwide collapse in trade during the 1930s?

What was the result of the Fed's actions to help the economy during the early 1930s?

_________________________ occurred in October 1929 and help to initiate the Great Depression.

How did investors respond to the bear market in 1929, and what was the effect of this response?

Law passed by Congress in '30 to raise taxes on imported goods in order to protect workers.

Which of the following increased for workers during the Great Depression?

Situation where people are purchasing fewer goods than the economy is producing is

Who were the first people to experience underconsumption?

The worst day of plunging stock market prices during the stock market crash is called the

Why was there not a demand for all the goods being produced in the late 1920s?

Which of the following is NOT considered a cause of the Great Depression?

Which of the following statements BEST describes what happened on Black Tuesday?

Overall, the Great Depression caused a(n) ____________ in the world economy.

Prior to the Great Depression, many people __________ to invest in stocks.

Why did Americans blame the Fed for weakening the economy in 1930 and 1931?

What was the main contributor to many banks failing between 1930 and 1933?

How did Congress contribute to the cause of the Great Depression?

Buying stock by paying a % of a stock’s price and borrowing the rest of the $ from a broker is