Crash Course Great Depression

Question 1

During the Great Depression both ___ and ____ slowed

Accepted Answer

car manufacturing and home building

Question 2

Deflation causes prices to drop, when this happens businesses respond by cutting costs through

Accepted Answer

laying workers off

Question 3

Hoover thought that people would be able to get help from

Accepted Answer

private charities

Question 4

When the American economy dried up, it affected who else?

Accepted Answer

Britain, France, Germany

Question 5

Problems farmers faced during the Great Depression were

Accepted Answer

Farm expansion, Over production, Mechanization, Debt

Question 6

The United States abandoned the gold standard first

Accepted Answer

False

Question 7

Hoover held many political offices before becoming President

Accepted Answer

False

Question 8

Hoover nearly tripled the public works budget.

Accepted Answer

False

Question 9

Bank panics and frozen credit helped worsen the economic conditions

Accepted Answer

true

Question 10

In 1929, the banks were loaning more money for stock market and real estate ventures than for

Accepted Answer

commercial ventures

Question 11

Hoover was advised to use government to correct the economic situation

Accepted Answer

False

Question 12

Easy credit was a major contributor to the Great Depression

Accepted Answer

True

Question 13

The unemployment rate during the Great Depression was at

Accepted Answer

over 20 percent

Question 14

The US's response to the drop in world trade was to

Accepted Answer

Create the highest tariff ever

Questions 14