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Great Depression Flashcards | StudBud
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Great Depression
Great Depression
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Questions
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Answers
1
What was the day called when 4 times as many stocks as normal were sold and price plummeted?
The Great Crash
Black Tuesday
Black Wednesday
Black Friday
2
What was it called when people bought stock with borrowed money?
Buying on margin
Buying on credit
Insider trading
Stock speculation
3
The Federal Emergency Relief Act provided what?
Low interest housing loans
Direct cash relief
Meals for poor families
Short term employment
4
Which of the following contributed to the Great Depression?
companies over production
Consumers debt
A lack of government regulation
All of the above
5
What agency temporarily employed young single white men (to the chagrin of women/minorities)?
Tennessee Valley Authority
Works Progress Administration
Civilian Conservation Corp.
National Youth Administration
6
All of the following programs were reforms designed to prevent future depressions EXCEPT:
Fair Labor Standards Act
Social Security Administration
Federal Deposit Insurance Corp.
Agricultural Adjustment Act
7
Im tired I don't want to do this anymore
Molly
Mrs. Shen
Mr. Shen
Hayden
8
All of the following were measures designed to help fix the nation's banks EXCEPT:
The Securities and Exchange Commission
The Emergency Banking Act
The bank holiday
The Federal Deposit Insurance Corp.
9
What year did the stock market crash?
2000
1933
1929
1931
10
Which of the following is NOT characteristic of the Great Depression?
The economy slowed & stayed at a low level for a long time.
It was a time in which there was massive unemployment.
The economy slowed briefly before recovering.
Many areas of the economy were negatively impacted.
11
Which president supported a balanced budget?
Barack Obama
Herbert Hoover
Huey Long
Franklin Roosevelt
12
Which of the following things did people do in order to survive the Depression?
Rode the rails looking for opportunities
All of the above
Lived in Hoovervilles
Left their children at state orphanages
13
What percentage of Americans were unemployed in 1932?
10%
40%
25%
65%
14
Who proposed that the way to solve the Great Depression was to redistribute wealth?
Huey Long
Father Charles Coughlin
Calvin Coolidge
Herbert Hoover
15
Why was there so much optimism in the United States during the 1920s?
The stock market soared.
All of the above.
Credit allowed people to buy more consumer goods.
Real wages rose.
16
Where was the dust bowl located?
Northeast
Pacific Northwest
Southwest
South
17
What's it called when you spend more than you make?
Brouke
Trickle down economics
Balanced budget
Deficit spending
18
Which of the following factors WAS NOT an underlying cause of the Great Depression?
Inflated stock prices.
Lack of government regulation of business & stock market.
A hike in taxes for businesses and citizens in the 1920s.
The consumer practice of buying on credit.
19
What percentage of American families had savings accounts in the 1920s?
50
20
80
none
20
What was it called when people borrowed money to buy stock?
None of the above
Insider trading
Buying on margin
Watering stock
