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The Great Depression Begins Flashcards | StudBud

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The Great Depression Begins

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The beginnings of the Great Depression: Stock Market Crash through Hoover's failed policies.

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Questions 7

Answers

1
Black Tuesday refers to this day in 1929 when:
President Hoover won re-election
The stock markets crashed
The government warned of financial instability
New York City banned immigration from Europe
2
By the time the stock market stabilized, businesses and investors had lost:
$30 Million
$85,000
$30 Billion
$128,000,000
3
Some parents sent their children to these in order to feed them:
Hoovervilles
Summer camps
Factories
Orphanages
4
What efforts did President Hoover NOT attempt to end the Great Depression?
Hoped prosperity would trickle down from wealthy to needy
Created the Reconstruction Finance Corporation
Encouraged banks to cooperate
Had the government send money and food to the poor
5
By 1933, how many Americans had lost their jobs?
16 million
12 million
50%
32 million
6
Farms failed during the Great Depression because:
Urban development took farmlands
Children had gone to work in factories
Americans weren't eating as much
They couldn't pay bank loans
7
Which of these did NOT cause the Great Depression?
Urbanization
Overproduction of goods
Bank failures
Stock Market Crash