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39. Unit 8-3: Causes Of The Great Depression (part 1)
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) According to the video there were _________factors that triggered the Great Depression.
A
3
B
6
C
4
D
7
2) One of the triggers for the Great Depression is _____________________. The rich get richer, the poor get poorer.
A
Income Disparity
B
Greed
C
Overproduction
D
Competition
3) The workers were paid very low wages; therefore, they have very little money to spend to ___________.
A
Buy goods
B
Invest
C
Travel
D
Expand
4) Another factor leading to the Great Depression is _______________; forming an opinion or theory about what you “think” may happen with a company without firm evidence.
A
Over lending
B
Borrowing too much money
C
Over Speculation
D
Gambling
5) Speculation is essentially a form of gambling.
A
True
B
False
6) Another factor contributing to the Great Depression is people Buying on the Margin. This involves borrowing money from the bank to ____________in the Stock Market.
A
Gamble
B
Negotiate
C
Contribute
D
Invest
7) When the markets collapsed and the people could not repay their loans the banks_______________.
A
Closed
B
Got bailouts
C
Got stimulus money
D
Got money from government
8) In theory, a normal economy would not have made so many “high risk” loans.
A
True
B
False
9) The government created an “irrational exuberance” . They wanted people to think you could make fast money and the economy would continue to ____________.
A
Invest
B
Borrow money
C
Collapse
D
Grow
10) The government set the stage for the Great Depression by setting the interest rates __________ and making so many loans to people who could not repay them.
A
High
B
Low
*select an answer for all questions
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