1. Jeopardy
The Great Depression

2. Farmers
Government
Stock
Credit
100
100
100
100
200
200
200
200
300
300
300
300
400
400
400
400
500
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500

3. Demand in Europe was high Why did farmers take out large
mortgages during WWI?
Row 1, Col 1

4. What was the governments’ role in the market
Laissez-Faire
What was the governments’ role
in the market
prior to the Great Depression?
1,2

5. What is “buying on margin”?
Can pay as little as 10% down & loaned rest to invest in market
What is “buying on margin”?
1,3

6. When is it a good reason to pay off one credit card with another?
When the credit card you use to pay off the other has a lower interest rate
When is it a good reason to pay
off one credit card with another?
1,4

7. Attempted to limit supply & raise prices
Why did farmers begin to burn their crops?
2,1

8. Describe President Hoover’s “trickle down economics”
Provide breaks/money to big business & they will in turn begin hiring & transferring that money to the rest of society
Describe President Hoover’s
“trickle down economics”
2,2

9. What type of investing is the Florida Land Boom an example of?
Speculative investing
What type of investing is the
Florida Land Boom an example of?
2,3

10. Why do credit card companies and banks
So that they can collect late fees from you
Why do credit card companies and banks
want you to be late on your payments?
2,4

11. Farmers not rotating crops & drought
What were the two big factors that
led to the dustbowl?
3,1

12. What was the conservative response to the Great Depression?
Continue to stay out of the market, it will correct itself
What was the conservative response
to the Great Depression?
3,2

13. Share of ownership in corporation
What is stock?
3,3

14. Buy now, pay later
What is credit?
3,4

15. Paid farmers to reduce crops & provided loans to pay of mortgages
How did the Agricultural Adjustment Administration
(AAA) attempt to help farmers
during the First New Deal
4,1

16. What was the liberal response to the Great Depression?
Gov’t to get involved & help the poor/needy
What was the liberal response
to the Great Depression?
4,2

17. What is “insider trading”?
Buying/selling stock based on information not ready available to rest of public
What is “insider trading”?
4,3

18. What are the three “Cs” that are looked at when you are
Character, Capacity, Capital
What are the three “Cs” that are
looked at when you are
looking for a loan?
4,4

19. What other force came along with dust storms that helped kill crops?
Static electricity
What other force came along with
dust storms that helped kill crops?
5,1

20. What is the problem with Social Security?
Pay as you go & might go bankrupt
What is the problem with
Social Security?
5,2

21. How did Charlie Mitchell stop the initial crash of 1929?
Announced his bank would provide $25 million in loans
How did Charlie Mitchell stop the initial crash of 1929?
5,3

22. The actual amount that you borrowed without interest attached
What is principal?
5,4