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The Great Depression - Unit 8 Review Flashcards | StudBud
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The Great Depression - Unit 8 Review
The Great Depression - Unit 8 Review
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StudBud Administration
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Review of chapter 12, covering the Great Depression
Flashcards
14 cards
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Practice quiz
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Questions
14
Answers
1
How did farmers contribute to the Dust Bowl?
supported the building of dams
removed too much grass to plow fields
added topsoil to farmland
irrigated too much
2
Why did many Dust Bowl farmers migrate to areas like California?
search for gold
search for jobs in agriculture
look for opportunities in finance
search for industrial jobs
3
Farmers who lost their farms to the Dust Bowl and moved West were called...
Okies
Okras
Nebraskies
Sooners
4
Why did so many banks fail as the Great Depression began?
Too many people tried to withdraw their money at once.
The Federal Reserve put too much money into circulation.
The stock market collapsed too slowly to collect on debts.
Too many investors tried to open new accounts.
5
One of the causes of people going into debt was buying stock on...
markdown (discount)
margarine (butter)
margin (credit)
merit (effort)
6
Which choice was NOT a cause of the Great Depression?
bank runs / banks collapse
Consumers buying too much on credit (installment/margin)
tariffs, leading to a decline in foreign trade
taxes on the wealthy had been too high in the 1920s.
7
When Unemployment reached 25% in the U.S., wherewere we in the business cycle?
C
D
B
A
8
What is shown in this photograph?
Hoover flags
Hooverville
Hoover wagon
Hoover leather
9
This is the
expansion
phase of the business cycle?
B
C
A
D
10
How did tariffs contribute to the worsening of the Great Depression?
European countries refused to retaliate with tariffs
reduced trade between Europe and the U.S.
significantly increased the GDP of the U.S.
helped the unemployment rate drop
11
This group had unemployment rates of 50% due to, "last hired, first fired" discrimination.
Bonus Army
Business owners
Okies
African Americans
12
Why did Hoover's plan to end the Great Depression fail?
He did absolutely nothing at all
He sponsored laws that required banks and businesses to help people
He asked for voluntary action from businesses and people
He demanded reforms be put into place by Congress
13
What option is the best choice for the overall message of this political cartoon?
Buying stock on margin was a way people avoided losing money in the market
squirrels are awesome
only stock market investors lost money when the banks failed
people who did not invest in the market lost their money when banks failed
14
Which event almost guaranteed Hoover's reelection loss in 1932?
building of the Boulder (Hoover) Dam
Use of army against the "Bonus Army" veterans
Creation of the RFC to distribute federal funds
His refusal to try "trickle down economics"