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Great Depression Flashcards | StudBud
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Great Depression
Great Depression
17 terms
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StudBud Administration
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20 plays
US II
Flashcards
17 cards
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Practice quiz
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Questions
17
Answers
1
Hooverville was
A made up location
a shantytown built by unemployed and destitute people during the Depression
A fancy vacation spot
Where Herbert Hoover was born
2
Tariff is a tax on foreign goods
True
False
3
Hooverville was named after which president
Hoover
JFK
Filmore
FDR
4
11,000 of these failed/closed
Banks
Schools
Gyms
Restaurants
5
The Stock Market Crash of 1929
Triggered the start of the Great Depression
Didn't impact anyone
Triggered a world war
Triggered an accident in front of a Supermarket
6
mass production led to ______________
assembly lines
underproduction
automation
overproduction
7
During the Great Depression 1 in 4 were unemployed
False
True
8
People bought stocks without researching and with credit (debt)
True
False
9
Debt made overproduction
about the same
worse
better
no change
10
Banks let their reserves get extremely low
False
True
11
The US Tariff Act harmed our exports as well because
trade is important for economy
trade is only for banks
agriculture prices dropped
trade is unimportant for economy
12
Unemployment rates during the Great Depression:
0%-10%
20%-30%
10%-20%
100%
13
A shanty is fancy mansion
True
False
14
The Federal Reserve raised interest rates which made economy worse because
People didn't approve of the President
People couldn't decide on where to vacation
People didn't want their money in banks
People couldn't afford to buy things they needed
15
The US Tariff Act of 1939 caused US imports to RISE 40%
True
False
16
This led to agricultural and industrial prices dropping
Overproduction
Christmas/Holiday season
Farmers didn't want to farm anymore
Shantyville
17
The Stock Market Crash lost what percentage of it's value?
15%
55%
35%
85%
