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U.S. History - The Great Depression Begins Flashcards | StudBud
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U.S. History - The Great Depression Begins
U.S. History - The Great Depression Begins
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1
What day became a symbol for the Stock Market Crash of 1929?
Black Tuesday
Purple Thursday
Yellow Wednesday
Black Monday
2
Why did many people buy so much on credit during the 1920s?
Falling crop prices would be good for the economy
They thought that the govt would help them out
They thought many banks for forgive their loans
Quick profits would make it easy to pay off their debts
3
A person who believes in "rugged individualism" believes what?
The government should break up monopolies
Personal wealth is created through hard work
The government should help people when they need it
Farmers should join together to raise crop prices
4
Which President became very unpopular during the early years of the Great Depression?
Franklin D. Roosevelt
Herbert Hoover
Calvin Coolidge
Warren G. Harding
5
How did "buying on margin" cause the Stock Market Crash of 1929?
It caused the banks to lower their interest rates too low
It decreased the amount of manufactured goods
It made investors take bad risks and increased stock prices
It increased the price of crops
6
Why did many people begin to panic about bank failures during The Great Depression?
The banks lost all their money on poor stock investments
The banks were charging too many fees
The banks had too much money which increased interest rates
The banks offered free savings accounts
7
Which of the following was NOT an action taken by President Hoover to end the Depression?
Smoot-Hawley Tariff
Federal Home Loan Act
Direct relief to the unemployed
Reconstruction Finance Corporation
8
What was one reason many banks collapsed during the Depression?
They had no money because they lent it all to speculators
They were being taxed too much by the govt.
They lent too much money to struggling farmers
They were foreclosing on too many homes
9
What did President Herbert Hoover believe was the best way to end the Great Depression?
Lowering mortgage payments for farmers
Government assistance through welfare
Private charity and individual effort
Increased production of weapons for WW2
10
Where did many farmers of the Great Plains migrate to during the Dust Bowl?
Florida
Canada
California
Alaska
11
What did the Republican Party of the 1920's think was the best way to help the economy?
Wait for the economy to recover on its own
Provide direct relief to the unemployed
Lower mortgage payments for farmers
Put people back to work building the Hoover Dam
12
What were some of the main causes of the Dust Bowl?
Not enough farmers
Drought and overfarming
Taxes too high on farmers
Too much rainfall
13
What is it when someone buys and sells stocks to make a quick profit while ignoring the risks?
Trickle-Down Economics
Buying on Margin
Buying on Credit
Speculation
14
Which region of the country was hit hardest by the Dust Bowl?
The Great Plains
Rocky Mountains
Gulf Coast Plains
Pacific Northwest
15
What event destroyed President Hoover's reputation towards the end of his presidency?
Shooting tear gas into the Bonus Army crowd
The sinking of the Lusitania
The Bombing of Pearl Harbor
The creation of the New Deal
16
What did the Federal Reserve do to end the practice of speculation?
Merging smaller companies into large monopolies
Recruit members into The Illuminati for world domination
Increase interest rates to prevent bad investments
Forgive the debts owed by homeowners
17
What was the environmental disaster (drought & high winds) that struck the Great Plains region?
Dust Bowl
Dirt Bowl
Cotton Bowl
Potato Famine
18
What event do most historians see as the official beginning of the Great Depression?
End of WWI
Beginning of WW2
Dust Bowl
Stock Market Crash of 1929
19
Why did many farmers suffer greatly during the Great Depression?
Their harvests died due to too much rain
They produced too many crops during WWI and prices fell
Their farms were not taken care of during WWI
The prices of their crops increased dramatically
20
How did most Americans feel about Herbert Hoover once the Depression began?
He was criticized too much
He was responsible for the depression getting worse
He was not willing to go to war with Germany
He was not helping the banks enough
21
What was another cause of the Great Depression besides the Stock Market Crash?
The govt ended WWI too quickly
Demand was much higher than supply
People did not own enough stocks
Factories had made more goods than people could buy
22
Why were many factories firing factory workers during the late 1920's?
Overproduction of goods and not enough consumer demand
High taxes on big businesses
Too much demand and not enough supply
Rising oil prices
23
What was the purpose of the Reconstruction Finance Corporation?
Regulate the railroad companies
Loan money to big businesses and banks
Loan money to unemployed people
Pay for the construction of Hoovervilles
24
What does Hoover's belief of "rugged individualism" mean?
The govt should help people who need it
People should apply for unemployment benefits
People should help themselves without help from the govt
The banks should help struggling farm owners
25
What was the term used to describe poor farmers escaping the Dust Bowl and heading to CA?
Okies
Hicks
Rednecks
Commies
