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Causes for the Great Depression Flashcards | StudBud
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Causes for the Great Depression
Causes for the Great Depression
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#ushistorygreatdepression
Flashcards
15 cards
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Questions
15
Answers
1
In order to help Britain & France repay the money they owed the US from WWI the US invested in?
Germany
Europe
Britain
France
2
Who was President when the Great Depression started?
Warren G. Harding
Herbert Hoover
Calvin Coolidge
FDR
3
What was a problem for most workers in the 1920's.
Worked long hours
Had little time off to spend their money
All the above
Had low wages
4
Droughts & windstorms in the GreatPlains caused what natural disaster in 20's that hurt farmers
Great Chicago Fire
Great Awakening
Dust Bowl
Prairie Fires
5
Th Banker who came up with the plan for American banks to invest in Germany was named?
Dawes
Coolidge
Hoover
Smith
6
Small majority of population controlled most of the wealth. This is known as
Capitalism
Uneven prosperity
Socialism
Overproduction
7
Economic declined & peoples failure to pay loans led to runs on these financial institutions.
Bonds
Capitalism
Banks
State Governments
8
What is the term for only paying 10% to 50% of the actual cost of a stock.
Overproduction
Embezzle
Uneven prosperity
Buying on the margin
9
Being able to buy stocks on the margin led to investors doing what?
Making risky investments
Making wise investments
Putting less money into the stock market
Buying fewer stocks
10
What caused problems for farmers in the 1920's
The government subsided their incomes
They had debts and prices dropped
Prices went up and production costs went down
They had to pay more in taxes
11
In the 20's the value of these were inflated because people could buy below the actual value.
Automobiles
Homes
Credit cards
Stocks
12
The day the stock market crashed was known as?
Black Thursday
Black Monday
Black Friday
Black Tuesday
13
Manufactures produced more goods than they were able to sell & has surplus inventory.
Buying on the margin
Surplus
Overproduction
Uneven prosperity
14
In what year did the stock market crash?
1929
1932
1928
1930
15
Because this was available and promoted in the 1920's, many bought goods and ran up huge debts.
Advertisement
Buying margin
High wages
Credit