The Great Depression

Purchasing bonds from the government helps consumers in the long run

This President was responsible for the New Deal

Farmers burnt crops to drive up prices and decrease supply

The condition where unemployment and inflation are calculated is called

Which of the following terms describes one large company grouped together with smaller ones, with distinct entities

There are 12 regional banks that make up the Federal Reserve

People losing confidence in banks and want to hold onto their money instead of spending it is called

What percentage of people were unemployed at the height of the Great Depression?

During WWII, who was responsible for working factory jobs?

Which of the following was most responsible for the booming economy?

Which group did not prosper during the Great Depression?

Characteristics of the post-war boom were:

The day the stock market officially crashed was known as which of the following

Which president is credited for initiating health care programs for the elderly, food stamps, and federal aid to schools

What happened on October 29th, 1929?

Which of the following was a cause of The Great Depression

The Federal Reserve is considered "The Governments Bank"

In U.S History, the New Deal is considered to be the “Birth of Big Government”

Which of the following WAS NOT a characteristic of the Great Depression?

A long and severe recession in an economy or market is called:

The 3 R's of the New Deal are Relief, Response, and Reform

High unemployment, high inflation, in addition to no growth is considered...?

Buying government bonds helps consumers in the long run

The Federal Reserve is our nations central bank

Borrowing money from a broker in order to purchase stock is called Speculation

Investment in stocks, property, or other ventures in the hope of gain but with the risk of loss is called:

A condition where a lack of money among consumers depresses demand and pushes prices downward is called:

Buying on margin is risky because if the stock price drops, investors still have to repay loans

Keynesian Economics promotes a laissez-faire government

Which president implemented wage and price controls and increased government spending before resigning due to Watergate

Where investors connect and buy/sell investments

When consumers buy things, hoping to make a future profit it is called:

Panics are triggered by which of the following?

Farmers who lost their farms due to the Dust Bowl came from which of the following states?

Hoovervilles were the names given to shanty towns built by migrant workers as a way to show their dislike for Hoover

A condition when too much money circulating in the economy causes prices to rise at exponential rates is called:

It is often said that war is not good for an economy

In order to conserve energy, we set a 55 mph speed limit and didn't light the Christmas tree at the White House

Hoover enforced the New Deal

The Economic Recovery Tax Act of 1981 and the Tax Reform Act of 1986 were created to