October
29
1929
Black
Tuesday
100

The biggest problem in the economy was in ___, because demand dropped after WWI.

What is farming.

100
During the 1920's, too many Americans had accumulated___ that they could not afford to pay off.
What is debt
100
Where did the Depression spread?
What is around the world.
100
What was the name of the period of bad economic times in the United States that lasted from 1929 to 1941
What is the Great Depression
100
What term refers to October 29, 1929, the day the stock market crashed?
What is "Black Tuesday"
200
Germany suffered more than many countries during the Depression, because they were still paying what?
What is war reparations
200
As businesses grew, who was making much more money than the workers?
What is business managers
200
What is the term for financial success?
What is prosperity
200
What rose from $64 billion in 1921 to $87 billion in 1929?
What is the national income
200
In addition to the Depression, European countries were struggling with what?
What is debts from WWI
300
What did stores offer as an easy way to borrow money to buy goods?
What is an installment plan
300
What laws are meant to keep prices above a set level called?
What is price supports
300
What is the term for money people owe to banks or stores for goods they have purchased?
What is consumer debt
300
What is the term for the amount of money charged for a loan?
What is an interest rate
300
What is a measure 30 popular stocks?
What is the Dow Jones Industrial Average
400
Why did many farmers lose their land? (6)
What is after WWI, the demand for food dropped and farmers suffered. Farmers’ incomes went down, and many could not make the mortgage payments on their farms.
400
What did president Hoover say about the economy during the 1928 presidential election that many Americans believed? (9)
What is Hoover said the American economy was healthy.
400
What did many people lose as a result of Black Tuesday? (10)
What is many people lost all their savings.
400
Why did many banks close? (11)
What is after Black Tuesday, many people panicked and took their money out of banks.
400
How might price supports help farmers? (6)
What is with price supports, the government would not allow food prices to fall below a certain level.
500
Why did the Hawley-Smoot Tariff Act make things worse? (14)
What is higher tariffs (import taxes) pushed Americans to buy U.S. goods, so many Europeans lost their jobs. As a result, unemployed Europeans had no money to buy U.S. goods, so American industry suffered.
500
What were the four overall causes of the Great Depression? (15)
What is 1) tariffs and war debt policies that cut down the foreign market for American goods 2) crisis in the farm sector 3) the availability of easy credit 4) an unequal distribution of income
500
Why weren't price supports established for farm products? (6)
What is Congress tried to help farmers with price supports, but president Coolidge vetoed the bill.
500
Why was uneven distribution of income a problem? (8)
What is only a small number of rich people were getting richer, but a large number of people were not doing well and falling further behind.
500
How do installment Plans work? (3)
What is customers purchase goods and make small payments over a period of time.
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