Across
- 3. U.S. used ___ to protect industry, so foreign countries did the same & few U.S. goods sold overseas
- 6. On ___ ___ stocks took the largest dive, America lost equivalent of 1 years wages
- 8. 1920s, People bought items on ___ plans, then paid on their debt & stopped buying new items
- 10. A fourth of all United States ___ closed in 1932
- 13. Market crash weakened U.S. backs because banks invested ___ money in stock market
- 14. Investors did not know if a company made money, they just ___ that the economy would grow
- 15. Brokers could issue a ___ ___ & demand the investor repay stock money they borrowed
- 17. Uneven distribution of ___ led to depression, 5% of people earned 30% of all income
- 18. Business expanded production when economy was bad, because F.E.D. kept ___ ___ low
- 21. When sales slow down, workers lose jobs, & jobless workers stop ___ , & sales slow down more
- 22. Investors bouts stocks on ___ , paying a small amount & borrowing most of the money for stocks
- 23. Herbert Hoover won the 1928 presidency in a landslide & he had no fears for the ___
Down
- 1. People thought the 1929 Economic collapse was ___ just months before it happened.
- 2. In a stock market, you own a portion of a company, but if company closes, you lose your ___
- 4. Main cause of the Great Depression was not the ___ ___ crash, it only contributed
- 5. Banks make money by ___ the money that depositors give them, so not much is available
- 7. Farmers borrowed money during WW 1 to buy equipment, but then ___ fell, & they lost farms
- 9. Economy grew worse when F.E.D. ___ interest rates & people had no money & needed loans
- 11. Market crash weakened U.S. backs because banks loaned billions to stock ___ .
- 12. Lots of depositors pull their money out of a bank all at once: ___ ___
- 16. U.S. did not make loans to ___ companies, so these companies could not buy American products
- 19. Government did not insure bank deposits, so if bank closed, customers lost their ___
- 20. October 1929, “Black Thursday”, stock market fell, ___ Marx lost all his money from plays & films
