In the early 1930s, American farmers began losing their farms because ---

Overproduction led to a decrease in prices received

private ownership of trade and production profit

One of the major reasons for the 1929 stock market crash was that ---

Speculation had driven stock prices too high.

October 29, 1929 is significant in American history because

The stock Market crashed signaling the beginning of the Great Depression.

Which of the following was NOT an outcome of industrialization?

improved the living conditions in cities

How did industrialization effect farmers?

Over production led to low crop prices

Political Party of the "People"

Definition of speculation?

Buying stocks at great risk anticipating prices will rise.

After the stock market crash, America’s banks ---

Collapsed as frightened investors raced to withdraw their money from banks.

orangize socitey with goal of spreading wealth evenly

an economic and political system in which is controlled by private owners

What does the Gilded Age mean?

Beautiful gold to cover the rottenness

One successful public-works project that Pres. Hoover instituted to improve American’s conditions was --

Construction of a major dam on the Colorado River.

What was President Hoover strongly against?

The Federal Government directly giving relief Money to the impoverished.

A movement to increase farmers' political power.

What does Laissez-Faire mean?

An economy run by business; free from government involvement

Using the graph, Which statement is most accurate?

Business failures led to high unemployment and bank closing.

Factors that led to the devastation of the Dust Bowl days of the 1930s were a result of ---

Droughts, high winds, and poor farming practices.

The graphic shows that unemployment increased during the 1930s as many companies

Cut production and fired workers as demand dropped.

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Boom and Bust

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Questions 35

Answers

1
In the early 1930s, American farmers began losing their farms because ---
They grew crops the American public didn’t want to buy
They lacked quality equipment to produce crops
Overproduction led to a decrease in prices received
Couldn’t keep up with the growing demand for crops
2
5. How did Herbert Hoover react to the Great Depression?
He led to National Government to creating soup kitchens
He created alphabet Agencies
He didnt do much
He helped stabilize the unemployment rate.
3
capitalism
anying is open competion
everythign u haft to trade for
private ownership of trade and production profit
soviet zones
4
One of the major reasons for the 1929 stock market crash was that ---
Too few people had been investing in the stock market.
Investors were not allowed to borrow money to invest.
Stock prices had been too tightly regulated by the government.
Speculation had driven stock prices too high.
5
October 29, 1929 is significant in American history because
The stock Market crashed signaling the beginning of the Great Depression.
Japan attacked Pearl Harbor launching America into World War II.
The 19th Amendment gave women suffrage.
Franklin Roosevelt was elected as president for the fourth time.
6
What system does the US banking system use
Fractional Reserve Banking
Fractional Banking
Reserve Banking
Capitalists Reserve Banking
7
Using the image, the Great Depression forced many Americans to live in shantytowns know as ---
Hoovervilles
Ghettos
Slums
Inner Cities
8
Where did Industrialization begin
China
England
United States of America
Italy
9
Which of the following was NOT an outcome of industrialization?
production of goods increased
created jobs for workers
increased Britain's wealth
improved the living conditions in cities
10
Elected President in 1928, he served at the beginning of the Great Depression
Warren G. Harding
Herbert Hoover
Theodore Roosevelt
Franklin D. Roosevelt
11
One of the main natural resources that helped fuel Industrialization in the US was
Tobacco
Sugar
Cotton
Steel
12
How did industrialization effect farmers?
Farms were abandonedas people moved to the cities.
Farmers began to usesemi-trucks to ship crops.
Railroad rates fell drastically.
Over production led to low crop prices
13
What was populism?
Political Party of the "People"
Growing the country's population
The growth of land
Only popular people could run for president.
14
Definition of speculation?
A specified amount of money.
A system for buying and selling stocks in corporations.
Buying stocks at great risk anticipating prices will rise.
Persistent demands by a bank's depositors to withdraw money.
15
The US governments Laissez-faire approach in the 1920’s did not major effects in the US economic decline.
True
False
16
After the stock market crash, America’s banks ---
Profited as the Federal Reserve limited the money supply.
Increased amount of money loaned to make up for losses in the market.
Collapsed as frightened investors raced to withdraw their money from banks.
Thrived as people put their stock profits into saving accounts.
17
A Bank Run is a situation that occurs bank customers try to deposit all their money from the bank at one time
False
True
18
socialism
orangize socitey with goal of spreading wealth evenly
everything is free
Complete government control
private ownership of evrthing
19
Capitalism
An economic and political system controlled by the state
an economic and political system in which is controlled by private owners
20
High tariffs, abundant resources, railroads, and the availability of capital, mark the time period, The Gilded Age.
True
False
21
What does the Gilded Age mean?
fools gold
beautiful
Beautiful gold to cover the rottenness
uncomfortable reforms
22
One successful public-works project that Pres. Hoover instituted to improve American’s conditions was --
Building Hoovervilles for people to live in for free.
Construction of a major dam on the Colorado River.
Helping unemployed move to California in search of work.
Giving unemployment benefits to those in need.
23
One of the biggest problems of the Gilded age
Poverty
Sadness
Prohibition
War
24
What are the characteristics of Industrialization?
All of the above
Economic growth
More efficient division of labor
Technological innovations
25
We are currently experiencing the 4th Industrialization
True
False
26
Industrilization also shaped D development of a large working class in US society, leading to labor struggles & strikes
True
False
27
Buying on a margin meant...
Taking a loan to buy stocks
Withdrawing all money from a bank
Using credit to buy household goods
Buying stocks whose value had changed wildly
28
The movie Wizard of OZ is an allegory of what movement in the late 1800s
The Populist/Silver Movement
The Industrial Movement
The Progressive Movement
US Imperialism movement
29
What was President Hoover strongly against?
Local Governments involving themselves in solving the economic hitch.
Local Governments directly giving relief money to the impoverished.
The Federal Government involving itself in solving the economic hitch.
The Federal Government directly giving relief Money to the impoverished.
30
Industrialization along w/ great strides in transportation, drove the growth of US cities & an expanding market economy.
False
True
31
What was populism?
A movement to increase the country's population.
A movement to increase farmers' political power.
A movement for women to get voting rights.
Only popular people could run for president.
32
What does Laissez-Faire mean?
International trade that pushes for more tariffs (taxes)
International trade that pushes for less tariffs (taxes)
Complete government control over business
An economy run by business; free from government involvement
33
Using the graph, Which statement is most accurate?
Business failures led to high unemployment and bank closing.
The economy suffered the most in 1941
Bank failure had little impact on business failures.
Unemployment dropped as banks and businesses closed.
34
Factors that led to the devastation of the Dust Bowl days of the 1930s were a result of ---
Droughts, high winds, and poor farming practices.
Damming western rivers and over irrigation of crops
Natural environmental conditions unrelated to farming practices.
Overproduction by farmers and low crop prices.
35
The graphic shows that unemployment increased during the 1930s as many companies
Lost workers to agriculture, since it paid better wages.
Moved their production factories to Asia where labor costs were lower.
Fired workers to punish them for causing the stock market crash.
Cut production and fired workers as demand dropped.

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