3.26.10

Great Depression Part 1 Review

Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.

How did Herbert Hoover win the election of 1928?
· With His Past WWI Accomplishments And With Optimism Over The Economy Herbert Hoover Wins The Presidential Election.

What things were going on in the 20’s that lead to the Great Depression?
· Easy Credit In The 20’s Masked Some Of The Countries Growing Economic Problems With 80% Of Ratios And 60% Of Cars Bought On Credit.

What was Black Tuesday? How did it happen?
· Black Tuesday Started Chain Reaction Leading To Collapse Of Us Economy.

What effects did Black Tuesday have on the US?
· People Became Scared For The Security Of Their Money In Banks Leading To A Rush Of Withdraws.

How did the Depression spread globally?
· Reparation Payments, War Debt Payments, And Imbalance Of Trade Had Already Created Shaky Economic Structure.