The Great Depression Study Guide

Question 1

What were the 3 causes of the Great Depression?

Answer 1

Credit, stock market crash, corruption

Question 2

Explain the Stock Market Crash

Answer 2

People purchased stocks with credit, sold upon being afraid, no money to pay anyone back their money

Question 3

Define the Great Depression

Answer 3

U.S. was at its lowest point.

Question 4

Define Black Tuesday

Answer 4

October 29, 1929, the stock market crashed. Official point that started the Great Depression.

Question 5

Which of the following would MOST contribute to people living beyond their means?

Answer 5

Credit

Question 6

What caused millions to lose their family wealth during The Depression?

Answer 6

Bank closures, stock market crash, etc.. (all of the above)

Question 7

Ownership in shares of a company or corporation

Answer 7

Stocks

Question 8

Songs such as “Brother, Can you spare a dime” which tell an important story are called

Answer 8

kept peoples mind off bad things, song was talking about the American dream. Oral history.

Question 9

Which of the following European country faced the greatest economic challenges after
WW I?

Answer 9

Germany

Question 10

Although Europe had severe economic problems the United States was experiencing
which of the following directly after WW I?

Answer 10

Economic Success.