Great Depression

Question 0

How were lives affected?

Answer 0

1. ) large numbers of banks and businesses closed
2. ) 1/4 of people were without jobs
3. ) large numbers of people were hungry and homeless
4. ) farmers incomes dropped to low levels

Question 1

Causes of the Great Depression?

Answer 1

1. ) over speculation of stocks, using borrowed money that they could not repay when stock prices crashed
2. ) the federal reserve failed to prevent the collapse of the banking system
3. ) high tariffs discouraged international trade

Question 2

Major features of the new deal?

Answer 2

• social security
• federal work programs
• environmental improvement programs
• farm assistance programs
• increased labor rights