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The Great Depression Flashcards | StudBud
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The Great Depression
The Great Depression
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#American History
Flashcards
27 cards
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Questions
27
Answers
1
Causes of the farming crisis of the 1920s included the fact that
demand for crops fell after WW I
the Dust Bowl took much land out of production
federal price supports of corn and wheat were not effective
most people did not own electric refrigerators
2
What was name was given to the men and boys who rode the rails as they searched for work?
Bonus Marchers
speculators
hoboes
Okies
3
What does buying a stock on margin mean?
buying the stock for someone else
payhing less than the market price of the stock
borrowing money to help pay for the stock
purchasing the stock outside the regular stock exchange
4
Herbert Hoover's approach to the Depression economy was based on a belief in
the golden rule
voluntary cooperation
direct government relief
separation of church and state
5
The aim of the Federal Home Loan Bank Act was to
make it easier for banks to foreclose on farms and homes
increase the value of homes and farms
encourage new construction
prevent farmers and homeowners from losing their property
6
The "Dust Bowl" was an ecological situation associated with
World War I.
The Great Depression
The Cold War.
World War II
7
In calling shantytowns "Hoovervilles," people conveyed their
grudging respect for Hoover
trust in Hoover
patriotism
disgust with Hoover
8
Buying stocks on the chance of a quick profit without considering risks is known as
buying on margin
speculation
profit taking
living on credit
9
The "Dust Bowl" affected which area most?
D
A
B
C
10
What caused Hoover to take cautious steps in his approach to the Great Depression?
his religious beliefs
his political philosophy
his educational background
his lack of leadership experience
11
During the Great Depression, the overall unemployment rate was about?
10 percent
75 percent
25 percent
100 percent
12
One long-range effect of the Great Depression was that many people
came to believe in small government
became risk takers in the stock market
developed habits of saving and thriftiness
grew to like President Hoover
13
Who made up the Bonus Army that marched on Washington?
WW I veterans and their families
farmers forced off their land by dust storms
unemployed industrial workers and their families
business and labor leaders who agreed to work together
14
These slums were nicknamed after the President often blamed for the plight of the country
Herbert Hoover
Harry Truman
Calvin Coolidge
Warren G. Harding
15
The event generally considered the START of the Great Depression in the United States was
the end of World War I.
the outbreak of the influenza epidemic.
the crash of the stock market
failure of the commodity market
16
Which of the following describes a government system for giving payments or food to the poor?
direct relief
rugged individualism
Bonus Army
price support
17
After the stock market crash, how did President Hoover try to help the economy?
by asking businesses not to lay off employees
by funding handouts of food and clothing
by closing banks
by lowering foreign tariffs
18
An example of the psychological stress caused by the Great Depression was the rise in the number of
women who worked outside the home
men how stood in bread lines
children who were malnourished
people who committed suicide
19
Which was not a cause of the Great Depression?
tariffs on foreign goods
a growing number of homeless people
a crisis in the farm sector
the availability of easy credit
20
Within a few years, the Hawley-Smoot Tariff Act led to
an unequal distribution of income in the U.S.
more demand for American manufactured goods
Hoover's reelection as president
a dramatic drop in world trade
21
Why was Black Tuesday such a significant day in American history?
it was the day when stock prices reached their highest rate of exchange
it was the day when the idea of speculation was first introduced
it was the day when the Fed set the first monetary policies.
it was the day the stock market crashed
22
What was the overall purpose of the Federal Farm Board?
to help American farmers market their crop overseas
to use specific economic strategies to help increase crop prices
to help farmers learn how to prevent another Dust Bowl
to persuade the nation's banks to avoid foreclosures on farmland
23
What was one problem with speculation?
the rising stock prices did not reflect the actual worth of companies
the rich kept getting richer since they were the only ones who could buy
the government was prohibited from regulating the prices on stocks
stock traders were unable to get the best deals for their clients
24
How did Hoover try to help people keep their homes and farms during his administration?
he proposed the Reconstruction Finance Corporation
he signed into law the Federal Home Loan Bank Act
he encouraged the formation of the Bonus Army
he vetoed the Patman Bill after Congress had passed.
25
Why was much of the prosperity of the 1920s more superficial than real?
many people were relocating from farms to the cities
many people were living beyond their means
many people were benefiting from increased jobs after the war
many people were becoming wealthier in the stock market
26
Which of the following increased in the 1920s?
prices for farm products
domestic demand for U.S. farm products
farmers' debts
foreign demand for U.S. farm products
27
What did the Bonus Army hope to gain by assembling near the nation's capitol?
higher wages from employers
their veteran's benefits
food and shelter in a shantytown
publicity for the Communist Party
