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Great Depression Flashcards | StudBud
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Great Depression
Great Depression
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#greatdepression
Flashcards
10 cards
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Practice quiz
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Questions
10
Answers
1
The Great Depression started early for this group of people
Bankers
Farmers
Politicians
Gangsters
2
Ironically, what happened right before the Crash?
Stock prices rose.
The government got more involved in the economy.
Consumers bought products faster than ever before.
The first PSA about the dangers of credit debt premiered.
3
What animal is associated with increasing prices in the stock market?
Wyvern
Bear
Tiger
Bull
4
Why did more people invest in the stock market in the 1920s?
It was patriotic to invest in stocks.
Banks lent money at low interest rates.
People had more money to spare because of higher wages.
E-trade made buying and selling easier than ever.
5
What technology improved lives for many Americans in the 1920s?
Washing machine
Radio
Vacuum cleaners
Toasters
6
In hindsight what should have been a warning sign of trouble in the future?
Widespread overproduction
The popularity of the Model T
The growth of Chinese manufacturing
The weak stock market of the mid 20s
7
What best explains the government's approach to business in the 1920s?
Heavy regulation
You scratch my back. I scratch my back.
Laissez-faire
Strict but fair regulation
8
What was NOT common during the earliest years of the Great Depression?
Homelessness
Government sponsored job fairs
Breakdown of families
Poverty
9
What did farmers fear the most during the Great Depression?
Government subsidies
Foreclosure
Rain
Cheap farm machinery
10
How did many Americans feel about the economy prior to 1929?
Confident and positive
They took a wait and see approach
Terrified
Neutral
