Morgan Everett-American History II Chapter 15

Question 1

Buying on ____________ became very popular right before the Great Depression began.

Accepted Answer

credit

Question 2

How did farmers protest low prices for crops?

Accepted Answer

They destroyed them

Question 3

When the market crashed, losses totaled over ____________________________________________.

Accepted Answer

30 billion dollars

Question 4

By 1932, __________________ people were unemployed.

Accepted Answer

12 million

Question 5

What are Hoovervilles?

Accepted Answer

A type of neighborhood made up of homeless people

Question 6

When Henry Ford closed his factories in Detroit, he put ___________________ people out of work.

Accepted Answer

75,000

Question 7

How high did the Dow Jones Average reach before it started going downward?

Accepted Answer

381

Question 8

These were auctions where farming equipment was purposely resold for pennies to help the owner:

Accepted Answer

Penny Auctions

Question 9

This is the average price of all of the major stock prices combined:

Accepted Answer

The Dow Jones

Question 10

True or False: The Higher the Dow Jones is, it means that most stocks have risen in value.

Accepted Answer

True

Question 11

Which of the following was NOT a cause of the Great Depression?

Accepted Answer

People investing too heavily in the stock market

Question 12

True or False: Just before the stock market crashed, Americans were happy with the economy.

Accepted Answer

True

Question 13

When stock prices started to fall, why did some people decide not to sell their stocks?

Accepted Answer

They thought the prices would rise again

Question 14

What did the banks do to try to stop the market from crashing?

Accepted Answer

They used their bankers' money to buy the stock being sold

Question 15

During the Great Depression, about how many homeless people lived in New York City?

Accepted Answer

15,000

Question 16

Henry Ford closed his car factories in which city?

Accepted Answer

Detroit

Question 17

This event was caused by a natural drought in the west and poor farming practices:

Accepted Answer

The Dust Bowl

Question 18

Why was Black Tuesday called Black Tuesday?

Accepted Answer

16.4 million shares of stocks were sold

Question 19

On what day did the Stock Market close?

Accepted Answer

October 23rd, October 31st

Question 20

The Great Depression lasted from ___________ to ___________________.

Accepted Answer

1929-1941

Questions 20