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Causes of the Great Depression Flashcards | StudBud
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Causes of the Great Depression
Causes of the Great Depression
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A #USHistory quiz covering the underlying causes of the #GreatDepression
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
Which phrase(s) describes Hoover's philosophy to fix the Great Depression?
Rugged Individualism
Volunteerism
Laissez Faire
Direct Government Intervention
2
This happened to peoples' money that was left in the banks when the stock market crashed
It was protected by the government
Let me re-route your call to Brenda in the central branch
.....aaaaaand it was gone
It was available for withdrawal at a later date
3
One reason why the Great Depression lasted so long was because consumers lacked what?
The ability to cut coupons like the good ole days
Confidence in things getting better
Memba the Great Depression..ooh I loved the Great Depression
A high enough credit score
4
Which of the following describes when consumers do not buy as many durable goods as expected?
Under-Consumption
Re-Financing
Over-Production
Foreclosure
5
What did unemployment peak at in the United States during the Great Depression?
25%
10%
20%
15%
6
Who was elected president after the American people lost their confidence in Hoover?
Theodore Roosevelt
Harry Truman
Warren Harding
Franklin Roosevelt
7
Who was president at the onset of the Great Depression
Herbert Hoover
Woodrow Wilson
Warren Harding
Calvin Coolidge
8
Decades of over-farming and drought led to what event that made the Depression great again?
Dust Bowl
Dust Plate
Super Bowl
Dust Tornado
9
Which of the following describes when companies make too many durable goods?
Over-Production
Bank Run
Under-Consumption
Foreclosure
10
Americans who lost their homes were forced to live where during the Great Depression?
Roosevelt Motels
Trump Hotels
Coolidge Cabins
Hoovervilles
11
What happened during the "run on banks"
People rushed to withdraw all their money--banks closed
People rushed to the donut bank to get a dozen glazed donuts
People rushed to open up new checking accounts
People rushed to rob the banks
12
What percentage of Americans were considered "poor" during the 1920s?
50%
70%
60%
76.3%
13
True or False: The Great Depression happened only in the United States
False
Heck yes it did!!!
True
You betcha!
14
This single event marks the start of the Great Depression
Black Tuesday
October 29, 1929
Stock Market Crash
Black Friday
15
This is the phrase for buying stocks using borrowed money
Buying on Butter
Buying on Margin
Buying on Bubble
Buying on Margarine
