Podcast
Questions and Answers
What factor contributed to banks overextending business and personal loans during the Wall Street bubble of 1927-29?
What factor contributed to banks overextending business and personal loans during the Wall Street bubble of 1927-29?
- A shortage of money supply
- Strict regulations on lending practices
- Reduced demand for loans
- Lack of regulation and easy access to money (correct)
During the Wall Street bubble of 1927-29, how did speculators attract new participants into the stock market?
During the Wall Street bubble of 1927-29, how did speculators attract new participants into the stock market?
- By offering low-risk investment opportunities
- By discouraging participation from new investors
- By drawing in new, often inexperienced, participants (correct)
- By advising caution and conservative investment strategies
What action did the Federal Reserve take in October 1929 in response to the Wall Street crash?
What action did the Federal Reserve take in October 1929 in response to the Wall Street crash?
- Implemented quantitative easing measures
- Introduced strict lending policies
- Lowered interest rates to boost economic activity
- Increased rates to 6% (correct)
What was a consequence of the Smoot-Hawley Tariff introduced in 1930 in the United States?
What was a consequence of the Smoot-Hawley Tariff introduced in 1930 in the United States?
How did Germany respond to the banking crisis of summer 1931?
How did Germany respond to the banking crisis of summer 1931?
What approach did Treasury Secretary Andrew Mellon advocate for during the 1930s economic crisis in the United States?
What approach did Treasury Secretary Andrew Mellon advocate for during the 1930s economic crisis in the United States?
What was the primary action taken by the Bank of France around 1927 in response to the Wall Street bubble?
What was the primary action taken by the Bank of France around 1927 in response to the Wall Street bubble?
In response to the 1930s economic crisis, how did the United States Treasury Secretary Andrew Mellon propose to deal with it?
In response to the 1930s economic crisis, how did the United States Treasury Secretary Andrew Mellon propose to deal with it?
What was a significant outcome of Britain suspending the gold standard in response to the banking crisis of summer 1931?
What was a significant outcome of Britain suspending the gold standard in response to the banking crisis of summer 1931?
What major policy did Germany implement in 1932 under Chancellor Heinrich Brüning during the economic crisis?
What major policy did Germany implement in 1932 under Chancellor Heinrich Brüning during the economic crisis?
How did mass unemployment impact other sectors during the cascading downward spiral of 1929-32?
How did mass unemployment impact other sectors during the cascading downward spiral of 1929-32?
What approach did Herbert Hoover adopt towards economic challenges, leading to criticisms and the creation of 'Hoovervilles'?
What approach did Herbert Hoover adopt towards economic challenges, leading to criticisms and the creation of 'Hoovervilles'?
