100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached 4.2 TrustPilot
logo-home
Exam (elaborations)

The Great Depression Test Review Questions and Answers 100% Correct(SCORED A+)

Rating
-
Sold
-
Pages
4
Grade
A+
Uploaded on
12-10-2023
Written in
2023/2024

Why was 1929 so important? - ANSWER-Stock market crashed Overproduction : Cause - ANSWER-Identify : made more goods than sold How did this lead to the depression? : people didn't buy the goods Stock Market Speculation : Cause - ANSWER-Identify : Low interest rates encourage borrowing money to speculate endangering banks How did this lead to the depression? : invested in real estate Shaky Banking and Bank Failures : Cause - ANSWER-Identify : Bankers who invested their deposits in unsound investments How does this lead to the depression? : made economy extremely vulnerable Tariffs on World Trade : Cause - ANSWER-Identify : Protected American markets but they made it hard for producers to sell How does this lead to the depression? : shrinking of world trade Monetary policy of the Federal Reserve System : Cause - ANSWER-Identify : The governments ability to control how much money is in the economy or banking regulation. How does this lead to the depression? : Credit stopped, but interest rates did not drop. The money supply was reduced instead of increasing it. What is the Federal Reserve act? Describe America shift from the gold standard to fiat money. - ANSWER--It established the federal reserve system whose role was reduced to swings in the economy by controlling the ability of banks to lend money. -In 1933 Roosevelt outlawed ownership of gold except for jewelry. FDR wanted people to rely on paper money (fiat money) to spend money and stimulate the economy. How did Great Depression affect the society? - ANSWER-Families : Jobs were lost, income lost, lack of food lost homes, fought for survival. Children : Homeless, hungry

Show more Read less
Institution
The Great Depression
Course
The Great Depression








Whoops! We can’t load your doc right now. Try again or contact support.

Written for

Institution
The Great Depression
Course
The Great Depression

Document information

Uploaded on
October 12, 2023
Number of pages
4
Written in
2023/2024
Type
Exam (elaborations)
Contains
Questions & answers

Subjects

Get to know the seller

Seller avatar
Reputation scores are based on the amount of documents a seller has sold for a fee and the reviews they have received for those documents. There are three levels: Bronze, Silver and Gold. The better the reputation, the more your can rely on the quality of the sellers work.
Papersbylee Chowan University
View profile
Follow You need to be logged in order to follow users or courses
Sold
22
Member since
2 year
Number of followers
14
Documents
1264
Last sold
3 months ago

3.3

7 reviews

5
1
4
1
3
4
2
1
1
0

Recently viewed by you

Why students choose Stuvia

Created by fellow students, verified by reviews

Quality you can trust: written by students who passed their tests and reviewed by others who've used these notes.

Didn't get what you expected? Choose another document

No worries! You can instantly pick a different document that better fits what you're looking for.

Pay as you like, start learning right away

No subscription, no commitments. Pay the way you're used to via credit card and download your PDF document instantly.

Student with book image

“Bought, downloaded, and aced it. It really can be that simple.”

Alisha Student

Frequently asked questions