| Question | Answer |
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Overproduction and Underconsumption of consumer goods and farm products, Wages did not keep pace with the growth of production, Shaky banking contributed to speculation and an overexpansion of credit. | What are three causes of the stock market crash of 1929?
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| | putting money into something with the hope of profit | What is investment?
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| | Widening gap between the rich and the poor. | What is a consequence of wages not keeping pace with production?
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| | Hoover flags | What were the inside out pockets of the poor called during the Great Depression?
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| | Too much money chasing too few goods. | Inflation
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| | Too little money chasing too many goods. | Recession
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| | Stockholders jumped out of windows. | What was the reaction of many to the news the market crashed?
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| | Black Tuesday, the day the Stock Market crashed. | What is the significance of October 29, 1929?
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| | 40% of banks failed from 1929-1931. | What is one consequence of the stock market crash?
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| | It was a bull market, meaning that stock prices were higher than what their true value would indicate. | Irving Fisher said what mistakenly about the Stock Market?
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| | 89% | How much did the stock market decline following the crash?
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| | Dropped 50% | What happened to international trade?
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| | The rise of the Nazis. | What did the crisis lead to internationally?
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| | $16 Billion. | How much money was lost in October of 1929?
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| | Poverty | What did Herbert Hoover predict would be eliminated in the US?
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| | An investor borrows money to buy a greater amount of stock. | What is buying on a margin?
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| | Herbert Hoover | Who is the president during the Stock Market Crash?
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| | John J. Raskob | Who wrote in a magazine article that Americans should invest $15 a month in the stock market?
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| | Doing so would generate $80,000 over a 20 year period. | Why would you invest $15 a month in the stock market?
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| | Too many people are investing without credit or knowledge. | "You know it's time to sell when shoeshine boys give you stock tips. This bull market is over." What does that mean? |
