M5 L3 A1 - You learned about several causes and effects of the Great Depression in your lesson notes In this activity you are going to categorize the

M5 L3 A1 - You learned about several causes and effects of...

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You learned about several causes and effects of the Great Depression in your lesson notes. In this activity, you are going to categorize the list of causes and effects into their appropriate category. Phrase Bank Overexpansion of Credit Foreclosures Run-on Banks Inadequate Government Policies Unequal Distribution of Wealth High Unemployment Businesses Close Overproduction and Under consumption Homelessness Poverty Collapse of the Stock Market Causes Overexpansion of Credit Run-on Banks Inadequate Government Policies Unequal Distribution of Wealth Overproduction and Under consumption Effects Foreclosures High Unemployment Businesses Close Homelessness Poverty Collabs of stock market Define the following terms and indicate how they helped cause the Great Depression Overproduction- too much of a product and not enough demand for it
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Unformatted text preview: Installment plans and easy credit- The Installment Buying on credit is when one gives a down payment on a product to receive it, then pays small amounts over a long period of time to pay it off instead of paying the full price upfront. Speculation and buying on Margin- Buying on margin is the purchase of an asset by paying the margin and borrowing the balance from a bank or broker. Buying on margin refers to the initial or down payment made to the broker for the asset being purchased; the collateral for the borrowed funds is the marginal securities in the investor's account Hawley-Smoot Tariff Act- The act raised U.S. tariffs on over 20,000 imported goods Bank Failure- occurs when a bank is unable to meet its obligations to its depositors or other creditors...
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