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FINA EXAM 2025 QUESTIONS AND ANSWERS What caused the stock market crash? (5 reasons) - ....ANSWER ...-1. Stocks were overpriced 2. Credit was too easy to get 3. Banks collapsed because they didn't have money to lend people for loans, mortgages, etc. (which is how they made their money") 4. There was a lot of fraud 5. Money was "dried up" Other factors that caused the depression - ....ANSWER ...-1. imbalance in foreign trade 2. average annual income was about $2,300 (just enough to survive) 3. Hoover supported the Laissez-faire government and let it go on for too long Why did hoover let the depression go on for so long? - ....ANSWER ...-He was laissez-faire and didn't want to interfere. He thought that the situation would solve itself. 1932 election of Roosevelt - ....ANSWER ...--his policy was the opposite of Hoover's …FOR DTUDY PURPOSES ONLY…©️2025 ALL RIGHTS RESERVED… 1