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- 1. Multiple Choice
What was the Great Depression?The worst period of economic hardship in the history of the United StatesThe best period of economic growth in the history of the United States - 2. Multiple ChoiceWhich of the following statements best describes what happened on Black Tuesday?Stock prices fell and the stock market crashed.Bank runs forced many banks to close their doors.Federal troops attacked the Bonus Army marchers.The Supreme Court ruled that the NRA was unconstitutional.
- 3. Multiple Choice
When the economy is expanding, leading to a rise in stock prices and increased investing, the market is described as a...
DOW-JONES Cycle
Bear Market
Boom-Bust Cycle
Bull Market
- 4. Multiple ChoiceThis is the process of taking money borrowed from the bank or a broker, and putting it into the stock marketBuying on MarginSpeculationBuying on CreditOverconsumption
- 5. Multiple ChoiceA way of borrowing money from a bank or finance company so that you can have what you want and pay for it laterSpeculationBuying on CreditBuying on MarginOverproduction
- 6. Multiple ChoiceWhen the purchase of goods and services is at a lower level then the supply (not enough goods are being purchased by consumers)UnderconsumptionOverproductionSpeculationBuying on Margin
- 7. Multiple ChoiceThis is making a very risky investment in the stock market, in hopes of earning a large profitSpeculationBuying on MarginBank RunBull Stock
- 8. Multiple ChoiceThis cause led many businesses to close, because they were producing more goods than consumers were willing to buy.OverproductionUnderconsumptionBuying on CreditStock Speculation
- 9. Multiple ChoiceWhen did the Stock Market crash?October 31, 1929September 29, 1931August 29, 1991October 29, 1929
- 10. Multiple Choice
This person was blamed for not helping struggling Americans during the beginning of the Depression.
Franklin D Roosevelt
Harry Truman
Calvin Coolidge
Herbert Hoover
- 11. Multiple ChoiceWhy did the Stock Market Crash?All the investors wanted to buy stock at onceAll the investors decided to stop selling their stockAll the investors wanted to sell their stocks at the same time
- 12. Multiple ChoiceWhy did banks close during the Great Depression?Everyone took their money out of the banks.The Banks ran out of money.The banks had given loans which people lost when the Stock Market crashed.
- 13. Multiple ChoiceWhat happened to the life savings of people when banks closed during the Great Depression?People were given money from other banks.People got their money back from the government.People lost all of their money when the banks closed.
- 14. Multiple ChoiceWhat did factories do during the Great Depression?Factories made more goods to help those in need.Factories hired more people to help those in need.Factories closed and people also lost their jobs.
- 15. Multiple ChoiceWhat did those in need do for food during the Great Depression?Hungry people stood for hours in breadlines.Hungry people moved to the country and asked farmers for help.Hungry people grew their own gardens.
- 16. Multiple Choice
Highest import tax in history, put in place to protect domestic industry against foreign imports, but it backfired when European countries raised their own tariffs in response.
Hawley-Smoot tariff
McKinley Tariff
The Twenty-First Tariff
Kellogg-Briand Tariff
- 17. Multiple Choice
unemployment
working hard
Hooverville
Social Security
- 18. Multiple ChoiceWhat did artists, writers, singers, etc. do to help out during the Great Depression?They stopped making music all togetherThey all went to Europe because no one could pay for "fun things" during the Great DepressionThey created music that related to the hard times in people's lives and tried to make them feel betterThey had a ton of concerts because they still had a lot of money
- 19. Multiple Choice
What were the villages of tent and shacks located in cities where unemployed Americans lived called?
Hoovervilles
Okies
Bonus Army Bases
Rooseveltowns
- 20. Multiple Choice
To escape their problems for a little while, Americans enjoyed...
radio shows
movies
television
internet news
- 21. Multiple Choice
Which of the following best represents Herbert Hoover's philosophy?
The government should never help people out
The government should help people at the state & local level, not the federal level
There should be a new deal for the American people where the federal government would help people
- 22. Multiple Choice
Money loaned to banks, insurance companies & businesses to jumpstart the economy by Hoover
Reconstruction Finance Corporation (RFC)
Civilian Conservation Corps (CCC)
Works Progress Administration (WPA)
Securities & Exchange Commission (SEC)
- 23. Multiple Choice
In 1932, during the last year of his presidential term, Pres. Hoover created the Reconstruction Finance Corporation to help faltering railroads, banks, life insurance companies, & other faltering financial institutions. Why did he support this idea?
Hoover was a big believer in federal government intrusion into the economy
Hoover had a self interest in support of the RFC because he owned several major railroads
Hoover thought his support of the RFC would help him beat Franklin Roosevelt in the upcoming presidential election
Hoover believed once these companies were stabilized, the benefits would “trickle down” to smaller businesses & bring recovery
- 24. Multiple Choice
Why did thousands of unemployed World War I veterans march to Washington, D.C. in 1932?
They wanted President Hoover impeached and removed from office
They supported Gen. Douglas MacArthur, who had recently been fired by Pres. Hoover
They advocated for the federal government to pass a minimum wage law
They demanded the federal government pay them their promised bonus immediately
- 25. Multiple ChoiceThe Bonus Army incident in 1932 best illustrates the idea thatF.D.R.'
s relief programs were unsuccessful.many felt that Herbert Hoover was not handling the Depression well.protests by veterans during the Depression were effective.the U.S. Army had increased in size and power during the Depression. - Answer choicesTagsAnswer choicesTags