Memorization/description Of Causes Flashcards
1
Q
What are the 6 causes of the Great Depression?
A
- economic policies of republicans
- speculation in stocks
- stock market crash/banks fail
- more supply than demand
- decline of farming industry
- unequal wealth distribution
2
Q
Economic policies of republicans
A
Cut taxes
Cut spending
Decreased national debt
3
Q
Stock market speculation
A
People put a lot of their money into the stock market, so when it crashed, they lost that money
4
Q
More supply than demand
A
More products are being produced than what is necessary for people, and people stop buying products at the rate they did before
5
Q
Unequal wealth distribution
A
There were few rich people, many people in the middle class, and few poor people
