Economics Crossword - Teni Adenuga

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Across
  1. 1. (Two words). This is a policy that consists of three systems to either fix inflation or come out of a depression. It was created by Keynes and is a part of Keynesian economics (or Demand side). This includes: lowering taxes while increasing government spending in a depression and increasing tax and lowering government spending when inflation occurs
  2. 3. (Three words). An economic depression occurred in 1929. This was as a result of: Wall Street crashing (or overheating), speculation, corruption (after an investigation done by the Senate committee, it was found that there was insider trading going on between brokers and banks and finally, panic in bankers and brokers who began to
  3. 6. (Three words). This is a business cycle that reflects the state of an economy at different stages. First there is the economic “boom” or the peak followed by a recession, followed by a depression, followed by a recovery and then lastly expansion
  4. 8. (Two words). Unrealistic expectations in which all of mankind works together to create a perfect world. This is a world in which there is no capitalism or prejudice.
  5. 11. (Three words). This is a cycle in which the primary belief is that increased prosperity leads to increased prosperity
  6. 17. (Three words). This is the reduction of government funding as well as interest rates
  7. 18. (Two words). Similar to fiscal policy but instead relies on interest rates to drop during a depression, allowing people to buy more or for interest rates to increase during inflation so more money is taken out of people’s pockets
  8. 20. (One word). An individual that believed in supply side economics and countered Keynes. He vouched for less government involvement in economics. He also believed that increased socialism as a result of the Government’s increased involvement would lead to the need for a centrally planned economy, eventually leading to a totalitarian government
  9. 22. (Three words). An economy in which there is less government involvement and instead relies on the laws of supply and demand to determine the prices of goods
  10. 23. biggest problem; Wall Street was overheating. People were buying stocks on the market (taking out 90% to buy shares) and expected to be able to pay back these loans after stock shares were resold. Brokers' loans almost tripled between 1926 and 1929. If share prices stopped rising, this threatened disaster
  11. 24. (One word). Founding father of Keynesian economics. He believed that every problem had to do with the supply of money being injected into the economy
  12. 25. (Two words). A deal purposed by Theodore Roosevelt in attempts to make things fair and equal for all
Down
  1. 2. (Three words). This was a policy introduced by FDR. It paid farmers money to not farm to increase the demand and value of crops. However, it almost did more harm than good. It resulted in the starvation of a million people. It also put African American farmers out of work and left them unemployed
  2. 4. (Three words). Consists of three car companies; Chrysler, GM and Ford. In the recession in 2008, GM and Chryler were close to bankruptcy. 5 billion was invested in Ford, 51 billion in GM and 13 billion in Chrysler.
  3. 5. (Two words). This is a crash that occurred after the US government encouraged banks to give out loans for mortgages to less qualified individuals in 2001. For example those who were unemployed and with low credit scores were now able to purchase houses. By 2008, there were millions of people in debt after interest rates increased by house values decreased
  4. 7. (One word). This is when there is a reduced amount of capital (money
  5. 9. (Three words). This act was funded by FDR’s government and it provided work for the poor and unemployed. It allowed for projects like schools and airports to be built. This infrastructure brought in millions of dollars while helping those working make a small wage and feel included
  6. 10. (One word). This was a response to social problems brought by the Gilded Age in America
  7. 12. (One word). This when inflation is occurring, yet the economy stays stagnant or even retracts
  8. 13. (One word). President in 1920 after Roosevelt. He changed four major things
  9. 14. (Two words) This motivating factor of capitalism was first developed by Adam Smith. This selfish motivation will promote a better society as others will work harder. For example, when the common person notices that the Rich spend money on luxurious yachts, cars, and homes it motivates the common person to work harder to achieve a better lifestyle.
  10. 15. (Two words). This is a system used to recover from depression or recession. It was developed by John Maynard Keynes
  11. 16. (Two words). This was a deal that came into effect under President FDR. This deal consisted of reform, relief and recovery. Alphabetical agencies were also set up to provide these “three r’s” in one way or another
  12. 19. (Two words). Tradition values, with common beliefs that the government should be minimally involved in economic affairs. Also encourages the invisible hand. Believes every man should work for their keep.
  13. 21. (Two words). This is when a government is paying out (“spending money”) more than they are actually making in tax revenue