Name: Date:

1. What does the term “unintended consequences” mean?

2. What happened in the stock market crash of 1929?

3. Carra wondered if, even after the stock market crash, the ____________________________

could have been avoided.

4. According to the video, 79 Delancey Street, headquarters of

_______________________________________________, was where the Great Depression

actually started.

5. How was the economy doing right before the stock market crash? What happened right after

the crash?

6. What is a run on the bank?

7. Why don’t banks keep all the money people deposit in a vault? What do they do with it?

8. What is the name for the fraction of the deposits that banks have to keep on hand?

9. What gives money its value?

10. What agency was created to make sure the nation’s economy and banking system stay healthy

and sound?

11. What is the monetary base? Besides the monetary base, what other factor affects the money

supply and the overall economy?

12. When in recent history were the stock market and the economic conditions similar to the

1920s? What was different about the two periods?

13. Place these economic conditions of the late 1920s and early 1930s in chronological order:

___Stock market crashed

___Fed failed to prevent contraction of money supply

___Business began to slow down

___Run on the banks (bank panic)

___Series of bank failures in the South and Midwest