Vocabulary After Hoover's Response

Question 1

On October 29, 1929 stock prices reached an all-time low; this day became known as

Accepted Answer

Black Tuesday

Question 2

State of a region in terms of production & consumption of goods & services & supply of money

Accepted Answer

economy

Question 3

expel or remove someone from a property, especially with the support of the law.

Accepted Answer

evict

Question 4

The ________ was the worst economic period in the history of the United States.

Accepted Answer

Great Depression

Question 5

In what year was unemployment the highest?

Accepted Answer

1932

Question 6

the action of taking possession of a property when a borrower fails to keep up the payments

Accepted Answer

foreclosure

Question 7

building projects such as hospitals, roads, and schools funded by federal money.

Accepted Answer

public works

Question 8

Which of the following is a bear market?

Accepted Answer

Asteady drop inStockPrices

Question 9

measure of market value of goods & services that were produced during a specific period of time

Accepted Answer

GNP

Question 10

The plowing up of grasses that protected the soil & record breaking drought caused the

Accepted Answer

Dust Bowl

Question 11

recurring periods of economic depression and prosperity

Accepted Answer

business cycle

Question 12

Camps built outside of major cities during by homeless people who blamed President Hoover for their situation

Accepted Answer

Hoovervilles

Question 13

a period of temporary economic decline during which trade and industrial activity are reduced

Accepted Answer

recession

Question 14

Money borrowed usually to buy a home wherein the borrower makes payments over a set time span

Accepted Answer

mortgage

Question 15

A bull market is stock market with rising stock prices.

Accepted Answer

true

Question 16

failure to repay a loan

Accepted Answer

default

Questions 16