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USH - Ch18: The Great Depression Begins Flashcards | StudBud
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USH - Ch18: The Great Depression Begins
USH - Ch18: The Great Depression Begins
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#causesofthedepression
Flashcards
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Questions
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Answers
1
Who took credit for the financial prosperity of the 1920s?
Warren G. Harding
Democrats
Republicans
Calvin Coolidge
2
The 1920's was a time of prosperity for all Americans.
False
True
3
In 1929, 95% of Americans shared __% of the nations wealth
10
30
70
50
4
Why is Alfred Smith remembered in American history?
He was the first catholic to be nominated by a major party
He shot and killed president Harding
He sounded the alarm about the financial crisis on wall st
He led the "bonus army" marches
5
A bank run happens when
Brokers make margin calls too late
Depositors all try to withdraw their money at once
Bankers run away with people's money
the government shuts down banks with risky lending practices
6
What is a bull market?
a long period of stable stock prices
a long period of falling stock prices
a long period of raisin stock prices
a long period of rising stock prices
7
What did Congress promise WWI veterans?
a bonus of $10, 000
a bonus of $1000
a bonus of $100
a bonus of $1300
8
Which is NOT a factor contributing to the great depression?
Overproduction of Goods
Equal Distribution of Wealth
Poor government economic policies
Stock Market Crash
9
How many banks had closed by 1932?
twelve
nearly all of them
a lot
one in four
10
Who won the presidential election of 1928?
Herbert Hoover
Calvin Coolidge
Franklin D. Roosevelt
Alfred Smith
11
Why did so many Americans continue to buy stocks?
because it was easy to specialize in stock
because of speculation
they did so on pure circulation
because bankers made it easy for them to do so on margin
12
When did the stock market peak?
September 1929
Spetember 1929
November 1930
October 1930
13
Americans who could not afford to buy stock at face value, did so on
mcgee
margin
margie
speculation
14
Some who put their money in the bank but never in the stock market still lost because
the bank invested their money in stocks
the bankers stole their money
everyone loses at some point
the bank had poor customer service
15
How much money did the stock market lose in value by November 1929?
$30B
$45B
$16M
$300M
16
When brokers realized the boom was over, they made
calls to arms
margin calls
bank runs
call backs
17
In 1929 bank deposits were not
federally insured
federally inspected
federally monitored
federally guarded
18
The 1920s is also known as
The roaring 20s
The women's liberation age
The renaissance of America
The jazz age
19
Which of the following marches happened during the great depression?
hunger marches
penny marches
civil rights marches
bonus army march
20
Who said, "we are nearer to the final triumph over poverty than ever before..."?
Calvin Coolidge
Herbert Hoover
Warren G Harding
Theodore Roosevelt
