Causes Of The Great Depression Quizlet : Florida Divorce Public Records Database. - Walt Disney produced the first feature-length animated film, snow white and the Seven Dwarfs, 1937. spending, consumer spending, business spending (up spending, up employment- down spending, down employment), enhanced government role in Americans lives, Americans right to economic safety, right to a job, adequate wages, decent home, medical care, good education, margin buying contributes to stock speculation+collapse of stock market, w/ margin buying people can invest more than they have by borrowing money (most don't have money to back it up), are speculating the market will go up as it has been, when things go downhill, people become in debt, are over-leverged themselves and are in debt, closed all banks, banks examined to make sure they were okay to reopen, Federal Depository Insurance Corp. (FDIC)/Glass-Steagall Banking Act, FDIC= insurance for your saving (250,000), GSA= separated commercial banks and investment banks, goal to reduce crop surplus to increase prices, farmers paid a subsidy to plant less, economic development in Tennessee Valley flood control electrification farmer education, unmarried men 17-23, unskilled manual labor- conservation jobs paid $30-->$5 worker, $25 family. It was the longest, deepest, and most widespread depression of the 20th century. old age pension system, payments if disabled, paid by payroll tax (6.2% employee+ 6.2% employer), Rederal Emergency Relief Administration (FERA), reduce unemployment w/ jobs in local/state government. The Great Depression was the greatest and longest economic recession in modern world history. Perfect prep for The Great Depression (1920â1940) quizzes and tests you might have in school. The Great Depression was a severe worldwide economic depression that took place mostly during the 1930s, beginning in the United States.The timing of the Great Depression varied across the world; in most countries, it started in 1929 and lasted until the late 1930s. However, the crash was one of the major causes of the Depression, and 2 months after the crash, it is estimated that stockholders lost more than $40 billion dollars. - Many people believe that the stock market crash on October 29, 1929 is the same as the Great Depression. Oh no! The Great Depression was a complex event, and understanding what happened is no small challenge. To ensure the best experience, please update your browser. GDP during the Great Depression fell by half, limiting economic movement. 2. Manual labor jobs: construction focused on building, bridges, etc. Causes of The Great Depression 2. Cause. Before the world entered into an economic decline, the performance of the stock market was well above par, and the industrial output more profitable than it had ever been. The wealthy made large profits, but more and more Americans spent more ⦠Causes Of The Great Depression. overproduction, crisis in farming, rising gap in rich and poor, stock market, stock market triggers banking crisis, federal reserve, hawley-smott tariff, reduced demand on same supply, foreclosing on farms and down on the farmers, leads to speculation which results in bear market, people borrow money for stocks and stock prices lower in the process, thus people lose money, rate federal reserve charges banks to borrow money, banks setting interest based on discount rate ---> made discount rate higher, kept money out of economy---> hurts growth of economy, focusing on domestic issues, prosperity at home, lower taxes, lower federal spending, focus on US not world affairs, rural, courtship, censorship, dry, creationism, increased spending on public works (keynesian economics), raise taxes (social welfare programs), government aid to business, replace capitalism with socialism (communism), employment goes to total spending goes to gov. Created an unnatural demand for goods and eventual overproduction iii. Their crops replaced the natural grasses in the area. For webquest or practice, print a copy of this quiz at the Great Depression - Causes webquest print page. In âTheir Great Depression and Oursâ James Livingston cites Milton Friedman and Anna Jacobson Schwartzâs seminal book A Monetary History of the United States 1867-1960published in 1963 as stating the underlying cause of Great Depression âwas not the stock market crash but a âgreat contractionâ of credit due to an epidemic of bank failures.â Others argued that banks got out of control a⦠(Points : 3) excessive income taxes speculative stock purchases risky banking practices severe drought Question 2.2. About this quiz: All the questions on this quiz are based on information that can be found on the page at The Great Depression - Causes. To ensure the best experience, please update your browser. This lesson covers the following objectives: But never did it suffer an economic illness so deep and so long as the Great Depression of the 1930s. At this time the US was overdependent on its production industries, including automobiles and ship building docks. - _____________________________ was a huge problem in the 1920s. - Of all the lurid desperadoes, one man, John Herbert Dillinger came to evoke this Gangster Era, and stirred mass emotion to a degree rarely seen in this country. The Great Depression was a worldwide economic depression that lasted 10 years. causes of the great depression overproduction, crisis in farming, rising gap in rich and poor, stock market, stock market triggers banking crisis, federal reserve, hawley-smott ⦠âTo understand the Great Depression is the holy grail of macroeconomics.â Former Federal Reserve Chairman Ben Bernanke The causes of the Great Depression are extremely complex and disputed to this day. The Great Depression was a long-lasting economic crisis in the global economy which started in the U.S. in 1929, and later involved other countries. (1) The stock market crash of 1929 shattered confidence in the American economy, resulting in sharp reductions in spending and investment. Even though the stock market began to regain some of its losses, by the end of 1930, it just was not enough and America truly entered what is called the Great Depression. Four factors played roles of varying importance. ⦠Imagno / Getty Images. Because of these unspeakable traumas, the Great Depression and its causes have remained at the forefront of economic study and debate. It gets more interesting, though, when you look at the main causes of the Great Depression and then compare these drivers to todayâs economic indicators. The Great Depression was the worst economic downturn in world history. They led to major governmental reforms and new federal programs; some, like Social Security, federal support of conservation tillage and sustainable agriculture, and federal deposit insurance, are still with us today. The Great Depression is notorious period of American history. Although the 1920s appeared on the surface to be a prosperous time, income was unevenly distributed. Some experts argue that banks failures after the stock market crash of 1929 were the main cause of the Great Depression. There were other causes of the Great Depression, but these five factors are considered by more history and economics scholars as the most significant. Bank deposits were uninsured and thus as banks failed people simply lost their savings. Back to History for Kids In fact, it was one of the major causes that led to the Great Depression. About this quiz: All the questions on this quiz are based on information that can be found on the page at The Great Depression. Causes of the Great Depression Perhaps the best way to understand what caused the great Depression is to rephrase the question: âWhat made the Great Depression âgreatâ? Oh no! The Depression may occupy space in history books and is certainly a part of standardized curriculum in contemporary history classes, but it is still simply âhistoryâ to many. The depression was caused by a number of serious weaknesses in the economy. Learn about the Dust Bowl, New Deal, causes of the Great Depression, a Great Depression timeline more. Following objectives: in fact, it wasnât government spending, but isnât, in every book. By the stock market crash of 1929 and the Fedâs reluctance to increase the money supply overdependent its!, artists, etc that at least the following four factors played a role Presidents- Harding, Coolidge & Great! Deep and so long as the Great Depression - causes webquest print page nearly a decade sum it! 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