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Chp 9 Great Depression Flashcards | StudBud
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Chp 9 Great Depression
Chp 9 Great Depression
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30
Answers
1
What were shantytowns?
communities of homeless people who lived on public land
collections of migrant workers on failing farms
areas in the cities where the unemployed sought work
deserted homes where the tenants had been evicted
2
Which of the following was
not
a major cause of the Great Depression?
Over production of goods
Unequal distribution of wealth
Stock market crash
Loss of export sales
3
What was a breadline?
common term for the eviction of a person who defaulted on their mortgage
a line of credit extended to out-of-work families
a long line of poor people waiting for free food
the line of people rushing to get into a bank and withdraw their money
4
Banks failed in 1929 and 1930 as a result of the market crash because _______.
investors defaulted on loans for stocks, banks also invested in the market
people began to keep their cash in their houses and refused to use a bank
government, fearing widespread panic, shut down as many banks as possible
banks employed most of the brokers who had sold stock on margin
5
When too many people attempt to withdraw their money from a bank in fear that the bank will collapse, it is called a ___
bank run
investment ladder
margin call
withdrawal panic
6
The unemployment rate among African Americans was
slightly higher than the national rate.
about the same as the national rate.
nearly double the national rate.
slightly lower than the national rate.
7
Why did the entertainment industry grow during the Great Depression?
The unemployed liked to see famous people.
only industry whose members were not affected by the 1929 crash.
People were able to purchase radios, which had dropped in price
Most people sought an escape from their troubles.
8
How did President Hoover initially respond to the stock market crash?
immediately addressing Congress in order to seek relief for families
extending loans to farmers and families about to lose their homes
being optimistic and downplaying the severity of the situation
shutting down the stock market and setting out a plan for recovery
9
What did many Dust Bowl farmers do when they lost their land to the banks?
They headed west to California.
They moved to other plains areas.
They remained behind and refused to leave.
They migrated south to more fertile land.
10
What were "Okies"?
people who visited the homeless camps and gave away free food
sports teams who put on free games for the poor
bankers who lost everything in the market crash and were homeless
farmers from Oklahoma who had lost their land and headed west
11
What caused the Dust Bowl?
Farmers constantly cultivated land in order to help it retain the moisture
Drought that turned uncultivated land into dust that blew across the plains
Farmers planted too much wheat and had to burn surplus to keep prices up
A series of tornadoes across the Great Plains destroyed crops.
12
Young men and boys who rode railways from one place to another in search of a better life were called _______.
bailiffs
migrants
hoboes
wanderers
13
Why were investors in a hurry to sell any stock that dropped slightly in price?
Americans viewed the stock market as a vehicle to provide for retirement
investors didn't understand the need to invest in quality over time
the broker could issue a margin call and demand repayment of their loan
brokers never fully explained the process of buying on margin to investors
14
What are "public works"?
government-funded building projects
acts of charity by private organizations
programs to get companies to start hiring
loans to banks to prop them up during the crisis
15
What was one way in which speculation contributed to the stock market crash of 1929?
Brokers who held the loans on margin purchases began to demand repayment.
Continued purchases on margin, drove up the price of stock artificially
The stock market dropped because too many people were buying stocks.
Investors flooded the market, and companies sold off too many shares
16
What were "hunger marches"?
protests organized by the Communist Party in order to feed the poor
runs on banks by customers trying to recoup their losses
the deliberate destruction of food by farmers in order to keep prices up
lines at soup kitchens and relief centers where people went to get free mea
17
What was one of the results of the soaring stock market of 1928?
Aa decrease in the amount of consumer debt carried by the average American
The United States was able to pay off the national debt.
Tax rates were further slashed because of the surplus in government funds.
More new and often inexperienced investors were entering the market
18
Newly homeless people put up communities of shacks that they called
Shantyvilles
Hoovervilles
Hobovilles
Roosevelt Homes
19
What happened when Hoover ordered the removal of the Bonus Army?
Veterans were eventually chased from the Capitol by US soldiers.
Police ignored him and allowed the army to remain.
The Bonus Army protested and attacked local stores and businesses.
General MacArthur joined the army to express his solidarity.
20
How did the economic collapse of 1929 and 1930 affect the average American worker?
Competition for jobs increased due to a rise in immigration.
By early 1933, more than one-fourth of the workforce was unemployed.
Unions began to gain more control.
Wages remained stagnant.
21
Money that went directly to impoverished families is know as
public works
relief
speculation
foreclosure
22
What new entertainment medium gained great popularity during the Great Depression?
romantic novels
comic books
Television
talking pictures
23
What does this photograph show?
a Hooverville
the stock market crash
the Dust Bowl
bank closures
24
Why did the U.S. experience a decline in exports just as the market collapsed?
Foreign countries were experiencing prosperity
Hurt by the stock market crash companies couldn't keep up w/ foreign demand
Hawley-Smoot Tariff discouraged foreign companies from purchasing American
President Hoover was too early in dropping tariffs, promoting trade
25
What was the purpose of the National Credit Corporation?
to lend money to companies to stimulate hiring
to begin borrowing money to spend in a deficit
to decrease the amount of currency in circulation
to extend credit to people in order to secure them homes
26
Which of the following was a root cause of the Great Depression?
woman suffrage
prohibiting the sale of alcohol
uneven distribution of income
the end of federal control of banks
27
What was the Bonus Army?
a collection of shantytown residents across the U.S. who helped each other
college students who presented options on recovery to the president
veterans who squatted in Washington, D.C., demanding early bonuses
a group of communist and socialist agitators who attacked the White House
28
Who was charged with removing the Bonus Army?
Calvin Coolidge
Douglas MacArthur
Herbert Hoover
George Patton
29
What did it mean to purchase stocks on "margin"?
investor would purchase a stock and then sell it in the same day
stockbroker would take an investor's money and invest in the stocks
investor makes a small down payment, broker would lend the remaining money
investor would purchase only the cheapest stocks
30
What led to a bull stock market in 1928?
Calvin Coolidge's decision not to run for reelection
Herbert Hoover's election
economic prosperity and optimism
the final repayment of Europe's war debt
