In 1931, Just as Economic Indicators Were Beginning to Rise

question 14

Multiple Choice

In 1931, just as economic indicators were beginning to rise:

• A) New York's Chase Manhattan Bank closed, increasing investors' panic and setting off runs on other banks
• B) Austria's largest bank closed, triggering a panic that swept through Europe and caused European investors to withdraw their American gold and dump their American securities
• C) a drought in the Midwest caused crop failures that raised food prices and increased panic
• D) the tax increase of 1928 took effect, suddenly lessening the purchasing power of the average consumer
• E) the stock market crashed again, this time with even more force than the 1929 collapse

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Definitions:

Oppositional Identity

A concept explaining how individuals may define themselves in contrast to societal norms or dominant groups.

Mature Ethnic Identity

The stage at which an individual has explored and fully understands their ethnic background, leading to a strong sense of belonging and acceptance of their cultural heritage.

Antidrug Norms

Societal standards and beliefs that oppose the use of illegal drugs and support behaviors that resist drug use.

Drug Problems

Issues arising from the abuse or dependency on illegal drugs or the misuse of prescription medications, leading to personal, social, or health consequences.