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The Great Depression Flashcards | StudBud

Explore/The Great Depression

The Great Depression

7 terms·StudBud Administration·356 plays

Social Studies

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Questions 7

Answers

1
Who was elected President after Hoover?
Ronald Reagan
Teddy Roosevelt
James Polk
Franklin D. Roosevelt
2
What was the significance of the stock market crash of 1929?
it showed the weaknesses in America's economy
caused the Great Depression
led to overproduction of goods and worker layoffs
3
How did the FDIC attempt to prevent the conditions that caused the Great Depression?
took control of the insurance industry
set a limit on amount of money to be deposited
closed local banks to corporate investors
insured the deposits of investors
4
"Hooverville" was another name given to...
a town in the suburbs of the city
a town migrant workers built new homes in
Shantytowns
5
Which was NOT a cause of the Great Depression?
there was an increase in the price of manufactured goods
high tariffs were placed on goods
many people borrowed money from banks
the stock market crashed
6
A period of failed businesses and unemployment was known as...
Stock exchange
The Great Depression
The Great Migration
unemployment
7
What was an effect of rising unemployment on the baking industry?
More people applied for loans to pay for basic needs.
Borrowers were unable to pay off their bank loans.
More banks were opened to meet the demand for money.
Banks joined together to pay for depositor's withdrawals.