Question
Causes of the Great Depression 1. Who was the President of the United States in 1929? 2. Did Hoover believe the Governments should interfere with businesses and the economy 3. What happened on Black Tuesday? 4. How long did the Great Depression last? Four Causes of the Great Depression 5. Identify: List the 4 causes of the Great Depression a. c. 6. Define:Overproduction 7. Define:Underconsumption 8. Define: Stock Market Speculation
Answer
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(185 Votes)
Preston
Veteran · Tutor for 12 years
Answer
1. The President of the United States in 1929 was Herbert Hoover.2. Hoover believed that governments should intervene minimally in businesses and the economy.3. Black Tuesday refers to the stock market crash that occurred on October 29, 1929, marking the beginning of the Great Depression.4. The Great Depression lasted approximately from 1929 to the late 1930s, with recovery varying by country.Five Causes of the Great Depression:5. a. Stock Market Crash of 1929b. Banking Panics and Failuresc. Overproduction and Underconsumptiond. Protectionist Trade Policies6. Overproduction: Producing more goods than can be sold or consumed.7. Underconsumption: When demand for goods and services is insufficient to sustain production levels.8. Stock Market Speculation: Risky investment practices based on the anticipation of short-term gains in the stock market.