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The Great Depression Flashcards | StudBud

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The Great Depression

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The Great Depression

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Questions 7

Answers

1
Which of the following was NOT an effect of the Great Depression?
Many people started farming
Many men became unemployed.
Many children had a poor diet.
Many families became homeless
2
During the Great Depression, the overall unemployment rate was about
5%
25%
10%
40%
3
One long-range effect of the Great Depression was that many people
developed habits of saving and thriftiness.
grew to like President Hoover
became risk takers in the stock market.
came to believe in small government
4
Who made up the Bonus Army that marched on Washington?
business and labor leaders who agreed to work together
farmers forced off their land by dust storms
World War I veterans and their families
unemployed industrial workers and their families
5
What does buying a stock on margin mean?
borrowing money to help pay for the stock
buying the stock for someone else
paying less than the market price of the stock
purchasing the stock outside the regular stock exchange
6
After the stock market crash, how did President Hoover try to help the economy?
by asking businesses not to lay off employees
by closing banks
by funding handouts of food and clothing
by lowering tariffs
7
Which was not a cause of the Great Depression?
a crisis in the farm sector
the availability of easy credit
tariffs on foreign goods
a growing number of homeless people