Chapter 37. Crises and Industrial Depressions
1. What is a financial crisis? An industrial depression?
2. Define the expressions "over-production" and "under-consumption."
3. In a period of depression is there less money than usual in the country? In the banks?
4. If there were twice as much money in the world, would panics take place?
5. Before a financial crisis how are prices, high or low? After a panic?
6. What economic changes occurred in your own community in the panic of 1893-4, or in the years 1903-4?
7. Do people save more in good times or hard times?