Chapter 15: Crash & Depression (Schoch)

Question 1

When the economy is in a period of negative economic growth for 6 months or more it is a(n)

Accepted Answer

depression

Question 2

Why were many farms auctioned off during the Great Depression?

Accepted Answer

Farmers could not pay back their mortgage and loans.

Question 3

At what point did the economy FIRST start to weaken?

Accepted Answer

late 1920s

Question 4

Racial discrimination worsened during the Great Depression.

Accepted Answer

True

Question 5

Banks keep every penny of each customer's total bank account on hand at all times.

Accepted Answer

False

Question 6

Roosevelt argued that in times of great need, _____ should help provide relief.

Accepted Answer

the federal government

Question 7

Thousands of American banks closed because they

Accepted Answer

could not return all of the bank depositors' money

Question 8

Why did the Great Depression also spread to European economies?

Accepted Answer

American investors pulled out of German businesses.

Question 9

The 1932 election was a turning point in how Americans viewed the role of _____ .

Accepted Answer

the federal government.

Question 10

The Joad family and their neighbors were all

Accepted Answer

sharecroppers.

Question 11

Who was most hurt by the Dust Bowl?

Accepted Answer

farmers

Question 12

Which phase of the business cycle was the U.S. in 1929?

Accepted Answer

contraction

Question 13

Women were pressured to quit if unemployed men wanted their job in the 1930s.

Accepted Answer

True

Question 14

Causes of the Great Depression: The U of FOCUS stands for

Accepted Answer

unemployment

Question 15

When the Dow Jones Industrial Average dropped in October 1929, many investors raced to

Accepted Answer

get out of the stock market.

Question 16

Which amendment ended Prohibition in 1933?

Accepted Answer

Twenty-first

Question 17

Which period of time was known as the Great Depression?

Accepted Answer

1930s

Question 18

President Hoover tried to end the Depression through

Accepted Answer

voluntary wage controls.

Question 19

Because of the stock market crash of 1929

Accepted Answer

unemployment occurred for millions of Americans.

Question 20

Causes of the Great Depression: The O of FOCUS stands for

Accepted Answer

overproduction

Question 21

The period of time that was known for a booming economy was

Accepted Answer

the 1920s

Question 22

Which group of Americans was hit the hardest by the Great Depression?

Accepted Answer

African Americans

Question 23

President Hoover tried to get business owners to voluntarily keep wages up. What did that mean? Business owners

Accepted Answer

would keep wages high by choice.

Question 24

What does VOLUNTARILY mean?

Accepted Answer

of one's own free will or choice

Question 25

When were farmers impacted by first low crop prices, and then by the Dust Bowl?

Accepted Answer

1920s & 1930s

Question 26

The Twenty-first Amendment passed in 1933

Accepted Answer

repealed prohibition.

Question 27

Who won the election of 1932?

Accepted Answer

Roosevelt

Question 28

Which of the following was a sign that the economy was becoming unhealthy in the late 1920s?

Accepted Answer

Overproduction of consumer goods.

Question 29

Who promised a New Deal for the American people?

Accepted Answer

Roosevelt

Question 30

Jim Braddock accepted government assistance from the state of New Jersey.

Accepted Answer

True

Question 31

The Dust Bowl was located in which part of the United States?

Accepted Answer

central United States

Question 32

What caused Americans to live in Hoovervilles?

Accepted Answer

ALL OF THESE CHOICES ARE CORRECT.

Question 33

Shanty towns built by the unemployed and homeless were called

Accepted Answer

Hoovervilles

Question 34

Causes of the Great Depression: The S of FOCUS stands for

Accepted Answer

stock market crash

Question 35

This program worked to provide government credit to help stabilize banks.

Accepted Answer

Reconstruction Finance Corporation

Question 36

A community agreed to keep bids low to help a neighbor that lost their farm

Accepted Answer

penny auction

Question 37

Causes of the Great Depression: The F of FOCUS stands for

Accepted Answer

farming

Question 38

An average measurement of a few major companies on the New York Stock Exchange is called

Accepted Answer

Dow Jones Industrial Average

Question 39

Franklin Roosevelt was governor of _____ and saw firsthand the struggles of Great Depression.

Accepted Answer

New York

Question 40

During the Depression, which group was the LEAST impacted of the choices below?

Accepted Answer

white Americans

Question 41

Which phase of the business cycle is the United States economy currently in?

Accepted Answer

expansion

Question 42

A warning sign the economy was weakening in the 1920s was

Accepted Answer

a large gap between the rich and the poor.

Question 43

Periods when the economy expands and then contracts, measured in GDP over time is called ___.

Accepted Answer

the business cycle.

Question 44

October 29, 1929 was called Black Tuesday, why?

Accepted Answer

16 million shares were sold on the stock exchange in 1 day.

Question 45

President Hoover restricted imports from Europe with the

Accepted Answer

Hawley-Smoot Tariff

Question 46

Did voluntary wage controls by business leaders work?

Accepted Answer

NO

Question 47

A major environmental crisis of the 1930s was the

Accepted Answer

Dust Bowl

Question 48

A drop in the Dow Jones Industrial Average means the stock market

Accepted Answer

is overall down, or investors are selling stock.

Question 49

Where in the United States could one find Hoovervilles?

Accepted Answer

In nearly every major city in the United States

Question 50

Which of the following does NOT describe the 1920s?

Accepted Answer

high rates of unemployment

Question 51

The Hawley-Smoot Tariff was

Accepted Answer

the highest tariff in history

Question 52

Who believed that the federal government should provide relief for the jobless and homeless?

Accepted Answer

Franklin D. Roosevelt

Question 53

The Joad family headed to California to find

Accepted Answer

work

Question 54

Why did the Joad family have to leave the farm?

Accepted Answer

Dust Bowl

Question 55

How did the stock market crash impact businesses and factories? Businesses

Accepted Answer

had to close or layoff workers.

Question 56

Causes of the Great Depression: The C of FOCUS stands for

Accepted Answer

credit

Question 57

Which group was most likely to struggle through both the 1920s and the 1930s?

Accepted Answer

farmers

Question 58

Working women were accused of taking jobs from ______ .

Accepted Answer

unemployed men

Question 59

Racial discrimination existed in government jobs and relief programs.

Accepted Answer

True

Chapter 15: Crash & Depression (Schoch)

Questions 59

Chapter 15: Crash & Depression (Schoch)

Questions 59