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Stewart's Great Depression Flashcards | StudBud
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Stewart's Great Depression
Stewart's Great Depression
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Answers
1
Which conditions are most characteristic of an economic depression?
too much money in circulation and high stock prices
large business investments and low taxes
high employment and increased real estate investments
high unemployment and overproduction
2
What does buying a stock on margin mean?
Buying the stock for someone else
Paying less than the market price of the stock
Borrowing money to help pay for the stock
Purchasing the stock outside the regular stock exchange
3
_____ were migrants headed west in search of better lives
floridians
ohioans
okies
4
Which of the following was NOT an effect of the Great Depression?
Many families became homeless
Many people started farming
Many men become unemployed
Many children had a poor diet
5
____ led the troops that dispersed the Bonus Army
Groucho Marx
Douglas MacArthur
John Steinbeck
Herbert Hoover
6
During the Depression, charities set up ___ to give poor people a meal.
public works
soup kitchens
dust bowls
communities
7
In calling shantytowns "Hoovervilles," people conveyed their
Disgust with Hoover
Grudging respect for Hoover
Trust in Hoover
Patriotism
8
Alfred E. Smith endured a smear campaign in the 1928 election because he was
Catholic
A Mormon
Jewish
A Quaker
9
Buying stocks on the chance of a quick profit without considering risks is known as
Profit-taking
Buying on Margin
Living on credit
Speculation
10
An example of the psychological stress caused by the Great Depression was the rise in the number of ____
Children who were malnourished
Men who stood in bread lines
People who committed suicide
Women who worked outside of the home
11
When did the great depression begin?
1929
1894
1945
2016
12
The Hawley-Smoot tariff dampened commerce
for everyone except farmers
mainly in large U.S. towns and cities
throughout Europe and Asia
on both sides of the Atlantic
13
Who is the author of
The Grapes of Wrath
?
Alfred E. Smith
John Steinbeck
Douglas MacArthur
Herbert Hoover
14
Buying now and making payments each month was referred to as the installment plan
True
False
15
Which was NOT a cause of the Dust Bowl?
Thick layers of prairie grasses
High Winds
overproduction of crops
Drought
16
One long-range effect of the Great Depression was that many people
Became risk takers in the stock market
Came to believe in small government
Grew to like President Hoover
Developed habits of saving and thriftiness
17
In search of work or a better life during the Great Depression, many unemployed people
became farmers
became homeless
destroyed "Hoovervilles"
rode the rails
18
Causes of the farming crisis of the 1920's included the fact that
The Dust Bowl took much land out of production
Most people did not own electric refrigerators
Demand for crops fell after WWI
Federal price-supports of corn and wheat were not effective
19
Most economists agree that a key cause of the Great Depression was
overconsumption
deflation
overproduction
inflation
20
Loss of property due to nonpayment of a mortgage is called foreclosure
False
True
21
Buying on Margin was a method of buying stocks
without any risk
by pooling money with others
without using a broker
with mostly borrowed money
22
Black Tuesday caused the Great Depression.
False
True
23
_______ invested in stocks, betting that the market would continue to climb so that they could make a quick profit.
Stockbrokers
Speculators
Okies
Baliffs
24
A major contribution to Hoover's landslide victory in the 1928 election was
his promise to end prohibition
the prosperity of the 1920's
his plan to support farm prices
his tax relief plan
25
What was the name of the communities that were made during The Great Depression
Depressionville
Hoovervilles
Farmville
Girard
26
Money that went directly to impoverished families was known as direct relief
True
False
27
Stock prices first began to decline in late 1929 because
Several companies went bankrupt
Investors began to sell their stock
Stockbrokers stopped margin loans
Company earnings declined
28
During the Great Depression, the overall unemployment rate was about
50%
25%
75%
100%
29
Thousands of WWI veterans came to Washington D.C. in 1932 to lobby Congress to
provide military jobs for unemployed veterans
pass legislation giving veterans their promised bonus early
provided public works jobs for unemployed veterans
enact a bonus for war veterans and their families
30
What were psychological effects of the Great Depression? (SELECT ALL THAT APPLY!)
Anxiety
Depression
Suicide
Distress
31
Communities of makeshift shacks on public lands were called "Stewartvilles"
False
True
32
Herbert Hoover was the president of the US in the beginning of The Great Depression.
True
False
33
Hoover’s response to the onset of the Great Depression was criticized because (2 ANSWERS)
it failed to provide direct relief for the neediest people
his policies favored small businesses
Hoover gave too much aid to the the lazy umemployed
Hoover believed that the economy would recover on its own.
34
The stock market crash weakened the nation's banks because
investors no longer had money to deposit in banks
investors could no longer afford to take out loans from banks
banks had invested their deposits in the stock market
banks depended on their stock for operating funds
35
A long period of rising stock prices is known as a
bank run
foreclosure
margin call
bull market
36
Causes for the Onset of the Great Depression were
Roosevelt's policies did not fit in with the situation
Underproduction, excessive use of credit and overconsumption
Wages were so high but cosumers were insecure
Overproduction, excessive use of credit and underconsumption
37
Which of these is NOT a cause of the Great Depression?
American economic policy with Europe.
The assassination of Franz Ferdinand.
Stock market crash.
Bank failures.
38
Farmers on the Great Plains began to lose their crops during the Depression because
the soil lost its fertility
frequent rains eroded the soil
a fungus depleted the soil of the nutrients
a terrible drought dried the soil
39
Why was the Great Depression so devastating?
All of the above
It wiped out investors
People committed suicide
Everyone's savings disappeared through bank failures
40
How did the Great Depression end?
The end of World War 1.
The advent of World War 2.
They found a way to make more money.
People went to other countries and took their money.
41
Who did the Great Depression affect?
All Americans
Poor Americans
Immigrants
Wealthy Americans
