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THE GREAT DEPRESSION REVIEW Flashcards | StudBud
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THE GREAT DEPRESSION REVIEW
THE GREAT DEPRESSION REVIEW
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StudBud Administration
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#DEPRESSION
Flashcards
24 cards
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Questions
24
Answers
1
What hardships were present during the Great Depression?
Hunger to millions
Homelessness
All of the Above
People lost their jobs
2
Why did the government pass the
Hawley-Smoot Tariff
?
A tariff to protect Europe.
None of the Above
A tariff to protect U.S. industry.
A tariff to protect Latin America
3
What signaled The Great Depression?
All of the Above
The election of Herbert Hoover
None of the Above
Stock Market Crash
4
During World War I European demand for American Crops soared what happened after the War?
demand stayed the same
demand increased
demand plummeted
5
What happened in the
Stock Market Crash of 1929
?
Stock market had some unusual ups and downs movement.
All of the Above
On Black Tuesday the bottom fell out.
On October 24 the market took a plunge.
6
What defined financial collapse during the Great Depression era?
None of the Above
Banks invested in the stock market and lost their money.
Banks invest their money and earn a profit.
All of the Above
7
What was one of the causes of the Great Depression?
The election of Herbert Hoover
Stock Market Crash
None of the Above
All of the Above
8
What Industry was the most devastated by the Great Depression?
Railroads
Agriculture
Steel
Textiles
9
The Great Depression is generally defined as the period from 1929 -1940? What happened?
None of the Above
Unemployment skyrocketed
The economy plummeted
all of the Above
10
What is buying on a m
argin
?
Selling stocks to make a profit
all of the Above
Buying Stocks and bonds hoping for a profit
Paying a small percentage of stock’s prices
11
What was the most visible symbol of the prosperous American Economy?
none of the above
Twin Towers
The Stock Market
Statue of Liberty
12
All of the following were conditions for minorities during the Great Depression,
except
?
Higher wages
Increased violence
None of the Above
Unemployment
13
Describe the Dust Bowl?
All of the above
Severe Drought
Wind scattered the topsoil, exposing sand and grit
Dust traveled hundreds of miles
14
By the late 1920’s, American consumers were buying less, what were the reasons?
All of the above
Stagnant Wages
Over buying on credit
Rising prices
15
What were
soup kitchens
?
Offered free and low cost- foods
Where people get soup.
None of the Above
All of the Above
16
What happened between the rich and poor?
the gap widened
rich lost money
all of the above
the stayed the same
17
During the Great Depression, how many businesses went bankrupt?
90,000 businesses went bankrupt.
15, 000 businesses went bankrupt.
20,000 businesses went bankrupt.
None of the Above
18
All of these regions were the hardest hit during the Great Depression,
except
?
California
Colorado
Texas
Okalahoma
19
Who won the 1928 Election?
Alfred E. Smith
Theodore Roosevelt
Herbert Hoover
Ronald Reagan
20
Define the term
speculation
?
Selling stocks to make a profit
Buying property to make a profit
Buying Stocks and bonds hoping for a quick profit
all of the Above
21
What was Hoover’s philosophy during the Great Depression?
Government needs to help those in need
People should buy more to help the economy
All of the Above
People should take care of themselves and not on the Gov
22
During the depression, who were described as hoboes?
Rich
All of the above
Poor drifters
None of the Above
23
What were the effects of the Great Depression?
Suicide rose more that 30%
All of the Above
Alcoholism rose sharply in urban areas
People ended up in mental hospitals
24
How much did the average family make during this time?
they saw their income rise
they earned less than $2500 per year
they earned more that $100,000 per year
none of the above
