Congress instituted the Reconstruction Finance Corporation (RFC) to loan money to...

Banks so they could stimulate economic activity

European countries reacted to the Hawley-Smoot Tariff by...

passing high protective tariffs

In the early 1930s, many farmers lost their land because they

could not earn enough from farming to pay their mortgages

After the stock market crash, America’s banking sector

Collapsed as frightened depositors raced to withdraw their money

Why did volunteerism fail?

businesses and citizens acted in their individual best interests

Policy whereby problems are best solved at state and city levels

The Great Depression led to high unemployment as many companies

instituted production cutbacks, which led to layoffs

In 1929 the stock market crashed because

investors lost confidence in the market & sold their shares.

What were the goals of the New Deal?

provide relief, recovery, and reform

The Bonus Army was a group of World War I veterans who were violently disbanded after they came to Washington, D.C., to

Seek early payment of the money promised to them by Congress

studbud

Part 1: The Great Depression Begins

16 termsStudBud Administration282 plays

Imported from external platform

Flashcards16 cardsFPractice quizPHost liveL

Questions 16

Answers

1
The event where investors sold more than 16 million shares of stocks
Black Friday
Black Thursday
Black Tuesday
Black Wednesday
2
Congress instituted the Reconstruction Finance Corporation (RFC) to loan money to...
Wealthy investors so that they could buy more stocks
Farmers so they could buy back their farms
European nations so that they could pay off their war debts
Banks so they could stimulate economic activity
3
European countries reacted to the Hawley-Smoot Tariff by...
lowering prices on European goods
increasing global trade
passing high protective tariffs
importing more American goods
4
In the early 1930s, many farmers lost their land because they
paid off their mortgages to quickly, resulting in bank fines
could not earn enough from farming to pay their mortgages
refused to grow the crops that Americans wanted
could not keep up with the growing demand for their crops
5
After the stock market crash, America’s banking sector
Went broke because they lent money to investors after the crash
Thrived as people transferred stock profits into savings accounts
Profited as the Federal Reserve limited the money supply
Collapsed as frightened depositors raced to withdraw their money
6
Why did volunteerism fail?
charitable organizations took control of local and state relief efforts
President Hoover supported more federal government interventions
businesses and citizens acted in their individual best interests
banks made too many loans to struggling businesses
7
What is localism?
Stay home whenever possible
Free health care for the unemployed
Policy whereby problems are best solved at state and city levels
Policy where federal government intervenes in the economy
8
The Great Depression forced many Americans to live in shantytowns known as
Okies.
tenant farms.
Hoovervilles.
speakeasies.
9
The Great Depression led to high unemployment as many companies
moved their production to Asia, where production is cheaper
closed to punish workers for causing the stock market crash
instituted production cutbacks, which led to layoffs
lost their workers to farming, which offered better pay
10
In 1929 the stock market crashed because
investors lost confidence in the market & sold their shares.
Germany ceased reparation payments to the United States.
the Federal Reserve increased the money supply.
bank deposits were withdrawn in a panic.
11
At first, what did President Hoover rely on to relieve the depression?
federal money and government grants
laws forbidding businesses to fire workers
volunteerism and localism
mandatory unionization in all factories
12
What were the goals of the New Deal?
reform the government and decrease spending
increase spending on defense and trade
provide relief, recovery, and reform
create schools and protect farmers
13
World War I veterans who marched on Washington D.C.
Bonus Army
Okies
World War II Veterans
Tenant farmers
14
When the unemployment rate hits ____% today it is consider a cause of concern – making ___% during the GD a catastrophy
5 and 25
10 and 20
5 and 20
10 and 25
15
At the onset of the Great Depression, urban unemployment
stayed about the same
increased dramatically
increased slightly
decreased slightly
16
The Bonus Army was a group of World War I veterans who were violently disbanded after they came to Washington, D.C., to
March in support of President Hoover’s reelection
Seek early payment of the money promised to them by Congress
Demand higher pay for all workers who were veterans
Start a soup kitchen for jobless veterans during the depression

Part 1: The Great Depression Begins Flashcards | StudBud