The Great Depression Causes

What effect did the Smoot - Hawley Tariff bring during The Great Depression?

• Prevented surplus goods from being sold to other countries

• Opened opportunities for farmers to effectively help banks with the shortage of money

• Companies were able to sell their goods overseas but couldn't get enough profit

• Foreign countries were able to help America with their economy

What was the effect of using credit in The Great Depression?

• Rise in stock markets

• Income Taxes

• Debt

• Decrease of money in banks

In October 1929, _____ _______ was when the stock market crashed and investors lost a total of $30 billion dollars.

What was the percentage of people that was doing majority of the spending?

• 60%

• 30%

• 93%

• 10%

Over Production and Under - Consumption means too much inventory or not enough buyers.

• True

• False

Which of the following was not a cause of the Great Depression?

• Excessive American loans to European countries

• Installment buying

• Uneven distribution of wealth

• Purchasing of stocks "on margin"

What forced banks to close during the Great Depression?

• Huge amounts of inflation

• War in Europe

• Investors unable to pay loans and bank runs

• Not enough people invested in the Stock Market

What was the percentage of people that was considered "Poor"?

• 82%

• 70%

• 55%

• 30%