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The Great Depression Flashcards | StudBud
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The Great Depression
The Great Depression
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Answers
1
9. This is an arrangement is buy now and pay later for purchases, often on an installment plan that includes intere
price support
buying on margin
credit
speculation
2
28. The main purpose of the Reconstruction Finance Corporation was to provide emergency help for
the urban poor
farmers
homeowners
large business
3
21. The Bonus Army consisted of
unemployed industrial workers and their families
World War I veterans and their families
business and labor leaders who agreed to work together
farmers forced off their land by dust storms
4
29. Who gave the order to remove the Bonus Army from its camp in the nation's capital?
the president
the military
the local police
Congress
5
24. Whose fortunes were most dramatically changed on the day known as Black Tuesday.
bankers
big-business executives
farmers
stock market investors
6
3. This term refers to the stock market crash of October 29, 1929.
price support
credit
buying on margin
Black Tuesday
7
19. Which of the following was an unintended effect of the Hawley-Smoot Tariff Act
a substantial decrease in U.S. exports
a substantial decrease in U.S. consumer debt
a substantial increase in U.S. consumer debt
a substantial increase in U.S. exports
8
4. This term is the name of the most widely used measure of the stock market’s health.
credit
Dow Jones Industrial Average
price support
buying on margin
9
1. This Democrat lost the presidential election of 1928.
Alfred E. Smith
Franklin D. Roosevelt
Woodrow Wilson
Herbert Hoover
10
6. This term refers to paying a small percentage of a stock’s price as a down payment and borrowing the rest.
buying on margin
credit
price support
speculation
11
13. What happened on Black Tuesday?
A record number of banks closed
A record number of people tried to sell their stock
The New York Stock Exchange went out of business
A record number of business declared bankruptcy
12
27. The main propose of the Hawley-Smoot Tariff Act was to
discourage foreign nations from buying U.S. good
protect U.S. businesses
encourage international trade
decrease consumer debt in the United States
13
15. The Dust Bowl was caused by all of the following except
crop rotation
drought
overproduction of crops
high winds
14
14. Price supports are initially provided by
government
consumers
farmers
stockholders
15
25. To buy stock on margin means that the buyer
agrees to split any potential gain or loss with the stockbroker
buys stock at a high price and sells it at a loss
buys stock at a low price and sells it at a profit
borrows part of the purchase price of the stock
16
26. When the Great Depression began, soup kitchens and bread lines were mainly run by
locals and state government agencies
corporations
state and federal government agencies
charitable institutions
17
16. The phrase "buying on margin" refers to a way of purchasing
consumer goods
land
farm products
stock
18
12. Who ran against Herbert Hoover in the 1928 presidential election?
Calvin Coolidge
Alfred E. Smith
Fred Hartley
Franklin D. Roosevelt
19
10. All of the following preceded the onset of the Great Depression except.
large amount's of consumer debt
large industrial investments in new equipment
a widening gap between rich and poor
declines in new building permits
20
2. This Republican won the presidential election of 1928
Alfred E. Smith
Woodrow Wilson
Herbert Hoover
Franklin D. Roosevelt
21
20. The main purpose of the Federal Home Loan Bank Act was to
make it easier for banks to foreclose on farms and homes
encourage new construction
increase the value of homes and farms
prevent farmers and homeowners from losing their property
22
5. This term describes the setting of certain price levels at or above market levels by the government.
buying on margin
speculation
credit
price support
23
8. This reduced the flow of goods into the United States and prevented other countries from earning American currency.
Hawley-Smoot Tariff Act
price support
buying on margin
Black Tuesday
24
23. During the 1920's stock prices rose because
investors were paying more for stock than it was actually worth
money was decreasing in value
investors who held stock in companies refused to sell it
U.S. corporation's were steadily making larger profits
25
This term refers to making extremely risky business transactions on the chance of making quick or considerable profits.
price support
credit
buying on margin
speculation
26
30. The Great Depression lasted from
1932 - 1945
1929 to 1941
1929 to 1932
1932- 1941
27
22. Who ran for president in the 1932 election?
Calvin Coolidge and Franklin D. Roosevelt
Herbert Hoover and Alfred E. Smith
Calvin Coolidge and Herbert Hoover
Herbert Hoover and Franklin D. Roosevelt
28
11. During the 1920's which of the following increased?
farmers debts
domestic demand for U.S. farm products
foreign demand for U.S. farm products
prices for farm products
29
18. In calling shantytowns "Hooverville's," people conveyed their
trust in Hoover
grudging respect for Hoover
disgust with Hoover
patriotism
30
17. Soon after the stock market crash, Herbert Hoover attempted to help the economy by
closing the banks
asking business not to lay off employees
lowering the tariff
constructing low-income housing
