Lesson 1: Causes of the Great Depression


Understand the significance of the following:

  • Bear Market vs Bull Market
  • Buying on a Margin
  • Overproduction (especially wheat)
  • Tariffs and protectionism
  • Debt
  • Canadian Exports
  • Bank Failures
  • Stock Market Crash (Black Tuesday)

Concepts to understand (test yourself):

  • How do banks work (how do they make money?)
  • What is a stock and why does the prices change constantly?
  • What caused the Great Depression?
  • How do our perceptions affect the economy?

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