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4 Written Questions

4 Multiple Choice Questions

  1. 1.) U.S investors have little money to spend abroad
    2.) Europe can't pay war debts
    3.) Europe production plummets
    4.) Europe cant afford American Goods
    5.) U.S profits plummet
  2. People fear for their money
    "Run" on banks and withdraw
    In the next 3 years approx. 3,500 banks close
  3. Couldn't "purchase" expensive items
    Wealthy lifestyle but no money
  4. Black Thursday > Investors sell off stock

3 True/False Questions

  1. Oct. 29, 1929Black Tuesday > Millions of stocks, Billions of dollars lost


  2. Uneven WealthVery few (1%) people are extremely wealthy
    Lots of people (65%) are in poverty


  3. o Hawley - Smoot TariffEngineer
    Extremely Wealthy
    Retires to be a public servant
    Secretary of Commerce & Food Commission
    Easily Beats Alfred Smith


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