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Chapter 8 Review: The Great Depression Flashcards | StudBud
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Chapter 8 Review: The Great Depression
Chapter 8 Review: The Great Depression
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US History, Chapter 8, The Great Depression
Flashcards
35 cards
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Questions
35
Answers
1
When stock prices fell sharply in the Great Crash they called it
Great Depression
Black Thursday
Red Scare
Black Tuesday
2
What problem plagued the industrial workers of this time?
Industrial workers lived beyond their means using credit
Wages stayed the same as prices continued to rise
Workers were investing too much money in the stock market
Wages rose overtime but production rose quickly
3
Practice of making high-risk investments in the hopes of obtaining large profits is called
Speculation
Business Cycle
Repatriation
Reparations
4
President Hoover favored the idea of rugged individualism which meant
Life is an uphill battle & the good comes with the bad
Problems could be solved locally
People will help themselves before others
People could better themselves
5
Process where Mexican Americans were forced by officials to return to Mexico is called
Deporation
Repatriation
Impeachment
Immigration
6
A healthy economy requires what?
More people to buy more goods to create wealth
The overproduction of farmers and under consumption
The federal government to withhold money from circulation
Unequal balance of wage distribution so the rich have more
7
Central and southern Great Plains when the region suffered from drought and dust storms was the
Dust Bowl
Smoke Age
Great Depression
Iron Age
8
The Protective Import Tax during the Depression was called
Hawley-Smoot Tariff
Social Security Tax
Capitation Tax
Townsend Revenue Act
9
Some Americans blamed the Great Depression on
Democracy
Capitalism
Republicans
Fascism
10
What problems were associated with the Hawley-Smoot Tariff?
American manufacturers & farms had unsold products
International move toward high tariffs closed markets
Disastrous to American producers & global economy
Destruction of international trade
11
What economic condition did John Maynard Keynes believe cause the Great Depression?
Strict controls on stock speculation
Too much oversight of banking
Lack of government intervention
Limits on production and speculation
12
The periodic growth and contraction of the economy
Trickle Down Economics
Business Cycle
Speculations
Repartriations
13
Herbert Hoover was the head of what agency during WWI?
Reconstruction Finance Corporation
Committee on Public Information
War Industries Board
Food Administration
14
Economic theory that holds that money lent to banks and businesses will benefit consumers is
Trickle Down Economics
Fascism
Keynesian Economics
Laissez Faire Capitalism
15
President Hoover responded cautiously to the depression because he
wanted to take an aggressive approach to recovery
had little experience w/ business methods & economic theory
thought the business cycle would correct itself
was distracted by the upcoming election
16
Dust Bowl refugees were called
Okies
Dusties
Drifters
Localists
17
What regulates the amount of money in circulation in the United States?
Federal Reserve
Bankers Union
Federal Banking System
Reconstruction Finance Corporation
18
What changed American behavior during the 1920s?
Stocks
Easy Credit
New Farming Methods
Lack of self confidence
19
Why did so many banks fail at the onset of the Great Depression?
Stock market collapsed too slowly to collect debts
Too many investors opened new accounts
The Federal Reserve put too much money into circulation
Frantic people began to withdraw their money all at once
20
Line of people waiting for food handouts from charities or public agencies were called
Soup Kitchens
Hoovervilles
Soup Lines
Bread Lines
21
President Hoover urged Congress to institute the RFC because the economy suffered from
a lack of credit
high interest rates
over-employment
a concentration of wealth
22
Which of the following was NOT a hardship faced by American farmers during the Depression?
Contracted large mortgages from WWI crop demands
Could not sell excess goods from increased harvest yields
Skyrocketing prices prevented sales in the market
Could not pay debts from purchasing expensive farm equipment
23
Makeshift shantytowns set up by the homeless during the Great Depression
Coolidge Towns
Suburbs
Hoovervilles
Slums
24
Hoover's plan to reverse the economic downturn included
having wealthy Americans give to charity
putting money in the hands of businesses & individuals
having Americans act in the best interest of the country
having businesses and laborers work towards a common goal
25
A federal agency set up to provide emergency credit to banks railroads & other large businesses
War Industry Board
Federal Reserve
Reconstruction Finance Corporation
War Administration Board
26
Farmers who survived in the Dust Bowl were the ones who
Found plants who could survive the conditions and sold them
had big operations and bought repossessed land
Buckled down and waited out the dust
Changed planting techniques
27
WWI veterans who marched on D.C. demanding early payment of a bonus for their military service
Bonus Army
WWI Reconstruction Army
Hawley-Smoot Army
Continental Army
28
What group of people took the credit for the prosperity of the 1920s?
Bankers
Republicans
Democrats
Stock Brokers
29
The dam built on the Colorado River during the Great Depression
Hoover Dam
Depression Dam
Three Gorges Dam
Denver Dam
30
One who works land owned by another is called a
Migrant Workers
Farm Hand
Tenant Farmer
Okies
31
Farmers contributed to the Dust Bowl by
Using intensive farming practices removing protective grass
Damming western rivers and using irrigation techniques
Putting down new layers of topsoil
Not planting crops
32
1929-1941 where the economy faltered and unemployment soared was called
Business Cycle
The Roaring Twenties
The Great Crash
The Great Depression
33
Policy during the Depression where local & state govts act as primary agents of economic relief
Trickle Down Economics
Speculation
Localism
Repatriations
34
President Hoover's stressed the importance of what two things?
Federal Government and low taxes on businesses
Education & Voluntary cooperation with management & labor
Education and Big Business
High Tariffs and Low taxes
35
The first institutions to feel the effects of the stock market crash were the
Automotive industry
Banks
Hospitals
Grocery Stores