1. Causes of the Great Depression
Useful Definitions

2. Prices dropped on goods which lead to overproduction.
Define Overproduction

3. The income disparity between the rich and the poor expanded.
Define Income Disparity

4. More people used credit and installment plans to pay for goods.
Define Installment Plan

5. New technology forced people out of their jobs.

6. The “Boom and Bust” cycle was due for a bust.
Define Boom-and-Bust

7. World War I allies could not repay their loans to us.

8. A major drought occurred in the middle of the United States.

9. …the Great Depression.
…wide spread poverty
…massive dust storms
…stock market crash
The results were……

10. Boom-and-Bust: characteristic of a period of economic
prosperity followed by a depression.
Installment Plan: a system for paying for an item in fixed amounts
at specified intervals.
Overproduction: production in excess of need or stipulated amount.
Income Disparity: the differences in the distribution of wealth
and income within or between populations or individuals
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