Causes : Part 1

Question 1

________ became president in a landslide win over Alfred E. Smith in 1928.

Answer 1

Herbert Hoover

Question 2

Hoover was __________ and head of the Food Administration.

Answer 2

Secretary of Commerce

Question 3

The_______is a system for buying and selling stock in corporations.

Answer 3

Stock Market

Question 4

A long period of rising stocks is known as a_____

Answer 4

Bull Market.

Question 5

When prices of securities are falling, thus causing pessimism in the market is known as a _____

Answer 5

Bear Market.

Question 6

________is the act of buying stocks at great risk with the anticipation that the prices will rise.

Answer 6

Speculation

Question 7

________ is buying stock by paying only a fraction of the stock price and borrowing the rest.

Answer 7

Margin

Question 8

________is a demand by a broker that investors pay back loans made for stocks purchased on margin.

Answer 8

Margin call

Question 9

______ is when the market plummeted further than three days earlier.

Answer 9

Black Thursday

Question 10

______ is when prices took the steepest dive.

Answer 10

Black tuesday

Question 11

______is a measure of the value of leading industrial companies.

Answer 11

Industrial Index

Question 12

____________was a factor leading to the onset of the Great Depression.

Answer 12

Overproduction

Question 13

______raised the average tariff rate of the highest level in American history.

Answer 13

Hawley-Smoot Tariff

Question 14

______kept its rates low throughout the 1920s.

Answer 14

Federal Reserve Board

Question 15

_______is a sustained, long-term downturn in economic activity in one or more economies.

Answer 15

Depression

Question 16

_______is a slowdown in economic activity over the course of a normal business cycle.

Answer 16

Economic Recession