Chapter 22 Crash and Depression Section 1 The Stock Market Crash Pg 740744 Dow Jones Industrial Average Black Tuesday Great Crash Business cycle Great Depression Vocabulary 1 What events led to the stock markets Great Crash in 1929 ID: 763646
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Chapter 22 “Crash and Depression” Section 1 “The Stock Market Crash” Pg. 740-744
Dow Jones Industrial AverageBlack Tuesday Great Crash Business cycleGreat Depression Vocabulary
1. What events led to the stock market’s Great Crash in 1929? 2. Why did the Great Crash produce a ripple effect throughout the nation’s economy? 3. What were the main causes of the Great Depression? 4. What could cause a country’s Gross National Product to decrease? 5. How did the unstable economy in the 1920s contribute to the Great Depression?6. How did the Great Depression have such a huge impact on the economies of other countries?7. Many people today use credit cards and charge accounts to buy on credit. Is this practice as dangerous now as it was in 1929? Why or Why Not?
Review Prepare Response Cards
A ) It sparked a worldwide economic contraction. B) It had very little effect on European markets, but a great effect on Latin American markets.C) It had very little effect on Asian markets, but a great effect on European markets. D) It had only a modest effect on world markets because of World War I economic alliances. 1. What impact did the Great Depression have on the world's economic markets?
A) It sparked a worldwide economic contraction.
A) long trips made by bankers to obtain money from Federal Reserve banks during the Depression. B) erected by Dust Bowl farmers to prevent soil from eroding. C) not common until after the Depression had ended.D) mass withdrawals of money from banks. 2 . Bank runs were
D) mass withdrawals of money from banks.
A) service that tracks the nation's business cycles. B) average of stock prices of major industries. C) type of risky loan that can hurt a bank.D) statistical method for determining investor confidence. 3 . The Dow Jones is a(n)
B) average of stock prices of major industries.
A) soon collapse. B) continue to prosper. C) begin to slow down.D) continue to decline. 4 . In the late 1920s, most Americans felt the economy would
B) continue to prosper.
A) the unemployed. B) investors in stocks. C) members of Herbert Hoover's administration.D) penny auction participants. 5 . Overspeculation was common in the 1920s among
B) investors in stocks.
Initially the effects of the Crash were felt only by those who were heavily invested in the stock market. 6. True/False
True
With money and more incentive to produce more goods, factories throughout the country began to open after the Market Crash. 7. True/False
False
Monetary Policy was not to blame for the Great Depression. True/False
False