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Marlen and Jocelyn 5th period Flashcards | StudBud
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Marlen and Jocelyn 5th period
Marlen and Jocelyn 5th period
14 terms
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StudBud Administration
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34 plays
#grade_11 #economics #us_history
Flashcards
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Questions
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Answers
1
7. What was the period of economic prosperity before the Great Depression called?
Roaring 20’s
Nifty 50’s
Dirty 30’s
Swinging 60’s
2
5. How were rural areas affected by the Stock Market Crash?
People had to hunt for their food
Farmers were evicted from their lands
Income fell by 50%
Cars were prohibited
3
11. Who was the President of the United States when the market crashed?
Herbert Hoover
William Howard Taft
Harry S. Truman
Woodrow Wilson
4
8. What was the Great Depression?
When the president was diagnosed with severe depression
When the economy suffered greatly
A period in time when people were really sad
When depression was discovered
5
2. When was Black Tuesday?
October 28, 1929
On Tuesday
On Friday
October 29, 1929
6
4. How were urban areas affected after the Stock Market Crash?
Businesses lost their money
30% of the workforce became unemployed
All of the Above
Raised prices and lower wages
7
Terms: Which of the following is NOT used when describing the Stock Market Crash?
Bubble
Margin
Mortgage
Bonds
8
12. What did the president do to try and solve the situation?
He lowered the discount rate
He didn’t do anything
He directly gave people money
He tried to create more jobs and encouraged people to get jobs.
9
10. What was the unemployment rate after the crash?
13 million
2.3 million
1 billion
24 million
10
13. When did the American economy recover?
1941
1929
Never
1915
11
1. What is October 24, 1929 referenced as?
Pink Friday
Black Monday
Black Tuesday
Black Thursday
12
6. What was one of the major after-effects of the Stock Market Crash?
Great Depression
Great Anxiety
Great Reception
None of the Above
13
14. Could the Stock Market Crash have been prevented?
Yes
No
14
3. Which of the following caused the stock market to crash?
High Dependency on Credit
Public Speculation
Slow Economy
All of the Above
