Concepts Flashcards
0
Q
How was the unbalanced economy a cause of the Depression?
A
The wealthy people have all the money and everyone else had little to nothing, there was no middle class
1
Q
How do stock prices rise and fall.
A
Do to how well the economy is doing
2
Q
How was the credit crisis a cause of the Depression?
A
No one was paying back their loans so when the owners came back their was no money for them
3
Q
How was the international depression a cause of the American Depression?
A
America made tax on imported goods so foreigners made tax on imported goods so no one was buying from each other
4
Q
What did Hoover unsuccessfully try to do to stop the Depression?
A
Asked businesses to keep jobs and wages, charities to provide for the poor, and local government
