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The Great Depression Flashcards | StudBud
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The Great Depression
The Great Depression
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#American History
Flashcards
27 cards
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Practice quiz
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Questions
27
Answers
1
These slums were nicknamed after the President often blamed for the plight of the country
Harry Truman
Calvin Coolidge
Warren G. Harding
Herbert Hoover
2
What did the Bonus Army hope to gain by assembling near the nation's capitol?
publicity for the Communist Party
their veteran's benefits
food and shelter in a shantytown
higher wages from employers
3
Which was not a cause of the Great Depression?
a growing number of homeless people
the availability of easy credit
a crisis in the farm sector
tariffs on foreign goods
4
After the stock market crash, how did President Hoover try to help the economy?
by asking businesses not to lay off employees
by closing banks
by lowering foreign tariffs
by funding handouts of food and clothing
5
Herbert Hoover's approach to the Depression economy was based on a belief in
separation of church and state
direct government relief
the golden rule
voluntary cooperation
6
What was one problem with speculation?
stock traders were unable to get the best deals for their clients
the government was prohibited from regulating the prices on stocks
the rich kept getting richer since they were the only ones who could buy
the rising stock prices did not reflect the actual worth of companies
7
What was the overall purpose of the Federal Farm Board?
to help American farmers market their crop overseas
to use specific economic strategies to help increase crop prices
to help farmers learn how to prevent another Dust Bowl
to persuade the nation's banks to avoid foreclosures on farmland
8
Buying stocks on the chance of a quick profit without considering risks is known as
buying on margin
speculation
profit taking
living on credit
9
During the Great Depression, the overall unemployment rate was about?
75 percent
100 percent
10 percent
25 percent
10
An example of the psychological stress caused by the Great Depression was the rise in the number of
men how stood in bread lines
people who committed suicide
women who worked outside the home
children who were malnourished
11
The aim of the Federal Home Loan Bank Act was to
prevent farmers and homeowners from losing their property
make it easier for banks to foreclose on farms and homes
increase the value of homes and farms
encourage new construction
12
Which of the following increased in the 1920s?
domestic demand for U.S. farm products
prices for farm products
farmers' debts
foreign demand for U.S. farm products
13
What does buying a stock on margin mean?
payhing less than the market price of the stock
borrowing money to help pay for the stock
purchasing the stock outside the regular stock exchange
buying the stock for someone else
14
The "Dust Bowl" affected which area most?
B
C
D
A
15
The event generally considered the START of the Great Depression in the United States was
the outbreak of the influenza epidemic.
failure of the commodity market
the end of World War I.
the crash of the stock market
16
In calling shantytowns "Hoovervilles," people conveyed their
disgust with Hoover
patriotism
trust in Hoover
grudging respect for Hoover
17
How did Hoover try to help people keep their homes and farms during his administration?
he encouraged the formation of the Bonus Army
he proposed the Reconstruction Finance Corporation
he signed into law the Federal Home Loan Bank Act
he vetoed the Patman Bill after Congress had passed.
18
One long-range effect of the Great Depression was that many people
grew to like President Hoover
came to believe in small government
developed habits of saving and thriftiness
became risk takers in the stock market
19
Why was Black Tuesday such a significant day in American history?
it was the day the stock market crashed
it was the day when the Fed set the first monetary policies.
it was the day when the idea of speculation was first introduced
it was the day when stock prices reached their highest rate of exchange
20
What was name was given to the men and boys who rode the rails as they searched for work?
Bonus Marchers
Okies
speculators
hoboes
21
The "Dust Bowl" was an ecological situation associated with
The Cold War.
The Great Depression
World War II
World War I.
22
Who made up the Bonus Army that marched on Washington?
business and labor leaders who agreed to work together
unemployed industrial workers and their families
farmers forced off their land by dust storms
WW I veterans and their families
23
Within a few years, the Hawley-Smoot Tariff Act led to
a dramatic drop in world trade
an unequal distribution of income in the U.S.
more demand for American manufactured goods
Hoover's reelection as president
24
Causes of the farming crisis of the 1920s included the fact that
federal price supports of corn and wheat were not effective
demand for crops fell after WW I
the Dust Bowl took much land out of production
most people did not own electric refrigerators
25
Why was much of the prosperity of the 1920s more superficial than real?
many people were becoming wealthier in the stock market
many people were relocating from farms to the cities
many people were living beyond their means
many people were benefiting from increased jobs after the war
26
What caused Hoover to take cautious steps in his approach to the Great Depression?
his religious beliefs
his lack of leadership experience
his educational background
his political philosophy
27
Which of the following describes a government system for giving payments or food to the poor?
price support
rugged individualism
direct relief
Bonus Army
