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4 Written questions

4 Multiple choice questions

  1. Farmers are forced to buy expensive equipment
    Crop prices fall.
    Dust Bowl looms in the future
  2. Very few (1%) people are extremely wealthy
    Lots of people (65%) are in poverty
  3. Couldn't "purchase" expensive items
    Wealthy lifestyle but no money
  4. 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

3 True/False questions

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


  2. Business CloseSnowball Effect
    As businesses close, unemployment rises.


  3. Oct. 23, 1929Boom is over