Great Depression 32 Questions With Correct Answers
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Course
NU1426
Institution
NU1426
Great Depression |32 Questions| With Correct Answers.
Economically, Depression means
Causes of the Great Depression are
Problems in the Industry was a result of
Problems in the agriculture was a result of
Consumers' Debt was a result of
Uneven Distribution of income was a result of
Poor inve...
Great Depression |32 Questions| With Correct
Answers.
1). Economically, depression means
Ans: Business failure, High unemployment, and Falling Prices
2). Causes of the great depression are
Ans: Problems in Industry, Problems in agriculture, increased in consumer debt, Uneven
income distribution, Poor investment, and Lack of government help
3). Problems in the industry was a result of
Ans: Lack of demands for goods so companies laid off workers
4). Problems in the agriculture was a result of
Ans: Overproduction by farmers contributed to falling prices.
5). Consumers' debt was a result of
Ans: Easy credit on installment plans increased debt for many families
6). Uneven distribution of income was a result of
Ans: In the 1920s, income of the wealthiest Americans families rose much more than
the average family.
7). Poor investment practices was a result of
Ans: Banks work by using money from depositors. They loan the money to businesses.
Some of the Banks invested their money into unsound practices.
8). Ineffective government response was result of
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, Ans: Laissez-Faire government. Government did not give direct relief (cash or food for
the poor)
9). Buying on the margin
Ans: Down payment to the broker
10). Speculation means
Ans: investing in stocks or property hoping that your gain riches.
11). Reconstruction financial corporation
Ans: It gave emergency loans to businesses and banks hoping to increase business
12). Hawley-smoot tariff act is
Ans: (Tax on foreign goods) Making foreign imported goods expensive.
13). Hoovervilles
Ans: Shantyhomes during the Great Depression
14). The date of the stock crash
Ans: October 29, 1929. Black Tuesday
15). The effects of the great depression were
Ans: 11,000 Banks failed and unemployment rate went up 25%
16). Dust bowl
Ans: was a period of drought that hit the Great Plains
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