Causes & Economy
What 1929 event is usually cited as the immediate trigger of the Great Depression?
The 1929 stock market crash (Black Tuesday)
Who became U.S. president in 1933 and launched the New Deal?
Franklin D. Roosevelt (FDR)
Name two economic problems of the 1920s that made the U.S. economy vulnerable to collapse.
Examples: uneven wealth distribution, buying on margin, weak farm economy, high consumer debt
What is “overproduction,” and how did it contribute to falling prices and layoffs during the Depression?
Overproduction = supply exceeded demand; falling prices forced businesses to cut wages and jobs