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Questions and Answers
Which of the following was NOT a cause of the Great Depression?
Which of the following was NOT a cause of the Great Depression?
- Tariff barriers reducing international trade
- Overspeculation in the stock market and real estate
- Overproduction in the manufacturing sector (correct)
- Americans buying on margin
What event triggered the chain reaction leading to the Great Depression?
What event triggered the chain reaction leading to the Great Depression?
- Overproduction in the manufacturing sector
- The New York Stock Market crash (correct)
- Widespread bank failures
- Tariff barriers reducing international trade
Why did many Americans lose their life savings during the Great Depression?
Why did many Americans lose their life savings during the Great Depression?
- Banks could not repay the depositors (correct)
- Investors lost their savings
- Companies could not sell stocks
- Manufacturers closed factories
What was the unemployment rate during the Great Depression?
What was the unemployment rate during the Great Depression?
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How did the Great Depression affect manufacturing?
How did the Great Depression affect manufacturing?
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