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The Great Depression Begins (IB) Flashcards | StudBud
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The Great Depression Begins (IB)
The Great Depression Begins (IB)
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1
Who was president of the United States when the Great Depression began in 1929?
FDR
Coolidge
Hoover
Harding
2
What is October 29, 1929 known as?
Black Thursday
Red Sunday
Black Tuesday
Black Friday
3
President Coolidge's 1924 plan to get Europe to pay back what it owed to the US from the war.
Dawes Band
Dawes Plan
Washington Conference
Hoover's Plan
4
Which of the following is NOT a cause of the Great Depression?
passage of the 18th Amendment
availability of easy credit
Tariffs and war debt policies
unequal distribution of wealth
5
Which of the following is NOT one of the infamously high tariffs that led to the Depression?
Fordney-McCumber
Hawley-Smoot
Smoot-Hawley
Smoot-McCumber
6
Which term refers to putting only a % down to purchase stock?
buying on margin
installment plan
speculation
credit
7
How many commercial banks failed by 1929?
241
461
641
600
8
Which of the following was NOT an attempt by President Hoover to tackle the Great Depression?
Reconstruction Finance Corp
Boulder Dam
Federal Home Loan Bank Act
Declared a national bank holiday
9
Which word best describes President Hoover's approach toward the Great Depression?
rugged individualism
limited
too little, too late
cautious
10
How much consumer debt did Americans accrue by the end of the Roaring Twenties?
60,000
6 billion
6 million
7 billion
11
What famous bootlegging gangster said the stock market was a "racket"?
Hoover
Capone
Dillinger
Baby Face Nelson
12
What was the national average unemployment rate during the Great Depression?
25
20
23
12
13
How many millions of shares were dumped on Black Tuesday, October 29, 1929?
17 million
16 million
15 million
14 million
14
Popular slang term for shantytowns built by homeless Americans during the Depression Era
Harding Hangout
Whovervilles
Roosevelt Rodeos
Hoovervilles
15
What was the nature of consumerism during the Jazz Age?
collective
consumption
collaborative
conspicuous
16
How did President Hoover initially respond to the Great Depression?
Provided food & shelter for those in need
Lowered tariffs
Told Americans to be self-reliant
Closed all banks
17
What Depression Era scene does this photograph capture?
Employment lines
Breadlines
Shantytowns
Hoovervilles
18
What year was the great stock market crash that hastened the Great Depression?
1928
1929
1920
1930
19
How many businesses failed by 1932?
3.2
3,200
3.2 million
32,000
20
Who made up the Bonus Army that marched on Washington, D.C. in 1932?
Union workers on strike
Veterans of the First World War
Unemployed industrial workers
Farmers fleeing the Dust Bowl
21
Which term describes the risky investment that led to a boom on the stock market?
Speculation
Buying on margin
22
What new form of credit led to a consumer revolution during the Roaring Twenties?
mortgages
credit cards
installment plan
debit cards