12.1

Question 1

measures how well an economy is doing

Answer 1

Gross Domestic Product (GDP)

Question 2

how a community manages its money,goods,trade etc

Answer 2

economy

Question 3

Herbert Hoover

Answer 3

31st president

Question 4

belief in individuals responsibility for success

Answer 4

rugged individualism

Question 5

Neglected government aid to the people

Answer 5

Herbert Hoover

Question 6

borrowed money payed through a loan

Answer 6

credit

Question 7

what weakened the economy that caused the great depression

Answer 7

Herbert Hoover
Credit Problems
Agriculture
Uneven distribution of Wealth

Question 8

Agriculture

Answer 8

too much food= food prices decrease= farmers profits decrease

Question 9

raised proces on forgin imports

Answer 9

Hawlry smoot tariff

Question 10

deep decline of US stock prices

Answer 10

Black Tuesday

Question 11

to gauge stock performance of exonomy( 30 leading industries)

Answer 11

Dow Jones Imdustiries

Question 12

economy hits bottom

Answer 12

trough

Question 13

highest level of spending

Answer 13

peak

Question 14

2-3 consecutive quarters of growth

Answer 14

expansion

Question 15

investing in the stock market with the hope of making a profit

Answer 15

speculation

Question 16

economy slows down

Answer 16

contraction