AMSCO AP US History Chapter 24 fully solved graded A+ 2024/2025

AMSCO AP US History Chapter 24Great Depression - correct answers This depression of the 1930's lasted far longer, caused more business failures and unemployment, and affected more people - both of the middle class and the working class - than any other preceding period of hard times. Black Thursday - October 24 - correct answers There was an unprecedented volume of selling on Wall Street, and stock prices plunged. The next day hoping to stave off disaster, a group of bankers bought millions of dollars of stocks in an effort to stabilize prices. The strategy worked only on Friday Black Tuesday - October 29 - correct answers On Monday, the selling frenzy continued. The next day, the bottom fell out, as millions of panicky investors ordered their brokers to sell, when there were practically no buyers to be found Dow Jones Index - correct answers It fell from its September high of 381 to 198. Three years later, stock prices would finally hit bottom at 41, less then one-ninth of their peak. Causes of the Great Depression - correct answers -Uneven distribution of income -Stock market speculation -Excessive use of credit -Overproduction of consumer goods -Weak farm economy -Government policies -Global economic problems Uneven distribution of income - correct answers Wages had risen relatively little compared to the large increases in productivity and corporate profits. Economic success was not shared by all, as the top 5 percent of the richest Americans recieved over 33 percent of all income Stock Market Speculation - correct answers People were speculating that the price of the stock would go up and that they could sell it for a quick profit. Many bought stocks on margin.