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AH Ch 14 Great Depression Flashcards | StudBud
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AH Ch 14 Great Depression
AH Ch 14 Great Depression
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1
After the stock market crash, how did President Hoover try to help the economy?
by closing banks
by asking businesses not to lay off employees
by funding handouts of food and clothing
by lowering foreign tariffs
2
Who made up the Bonus Army that marched on Washington?
WWI veterans and their families
business and labor leaders who agreed to work together
unemployed industrial workers and their families
farmers forced off their land by dust storms
3
The Dow Jones Industrial Average is considered a measure of the stock market's health.
True
False
4
The Hawley-Smoot Tariff had the effect of a substantial increase in US exports.
True
False
5
On indicator of a weak economy in the 1920's was a decline in Housing Starts (New Homes)
False
True
6
This term specifically refer to the stock market crash of October 29, 1929.
Black Friday
Black Tuesday
Black Monday
Red Thursday
7
Psychological Stress caused a rise in the # of
Dust Storms
Bank Closures
Suicides
Bread Lines
8
Buying Stocks on the chance of quick profit without understanding the risks is known as
speculation
buying on margin
profit-seeking
living on credit
9
President Hoover did NOT support Direct Relief.
True
False
10
Which describes a government system for giving payments or food to the poor?
direct relief
Bonus Army
price support
rugged individualism
11
The Reconstruction Finance Corporation existed mainly to give emergency help to large business
True
False
12
Which of the following increased in the 1920s?
foreign demand for US farm products
farmers debts
prices for farm products
domestic demand for US farm products
13
Which was NOT a cause of the Great Depression?
the availability of easy credit
a growing number of homeless people
a crisis in the farm sector
tariffs on foreign goods
14
The Federal Home Loan Bank Act
encourage new construction
make it easier for banks to foreclose on farms and homes
increase the value of homes and farms
prevent farmers and homeowners from losing their property.
15
Causes of the farming crisis of the 1920s included the fact that
federal price-supports of corn & wheat were not effective
demand for crops fell after WWI
the Dust Bowl took a lot of land out of production
most people didn't own electronic refrigerators
16
Which WAS NOT an important cause of the Great Depression?
the stock market crashed
tariffs on foreign imports were lowered
both individuals & business built large debts due to credit
Federal government did not insure people's bank accounts
17
During the Depression, Charities tried to help the urban poor by holding online fundraisers
True
False
18
Buying on Margin means...
purchasing the stock outside the regular stock excahnge
buying the stock from someone else
borrowing money to help pay for a stock
paying less than the market price for a stock
19
The Stock Market Crash of 1929 was fueled by Price Supports as unwise investments.
False
True
20
As a result of the Great Depression many people started farming.
True
False
21
Herbert Hoover's response to the Depression Era Economy was based on a belief in
the golden rule
separation of church and state
direct government relief
voluntary cooperation
22
Arrangement where consumers agree to buy now & pay for purchases later often using installments
Scamming
Cash Transaction
Debit
Credit
23
This Republican won the presidential election of 1928.
George W. Bush
Herbert Hoover
Mitt Romney
Alfred E. Smith
24
The Hawley Smoot Tariff Act led to...
a dramatic drop in world trade
Hoover's reelection as president
more demand for American manufactured goods
an unequal distribution of income in the United States
25
Reduced the flow of goods into the US & prevented other countries from buying our goods
Price Supports
Equilibrium Price
Stubid Taxes
Hawley-Smoot Tariff Act
26
A long term effect of the Great Depression was that many ....
came to desire small government
grew to like Hoover
became risk takers in the stock market
developed a savings habit
27
When Hoover forced the Bonus Army to Disband it became known as Black Friday.
False
True
28
Congress tried to pass the McNary-Haugen bill, Which would have mandated this on key crops.
Equilibrium Price
Price Supports
Stubid Taxes
Artificially Low Prices
29
Which was NOT a cause of the Dust Bowl?
high winds
thick layers of prairie grass
drought
overproduction of crops
30
From 1924 to 1940, the economy plummeted and unemployment skyrocketed during
Black Tuesdays
Great Depression
Black Fridays
Great Recession
31
By calling the shantytowns "Hoovervilles" people were conveying
patriotism
disgust with Hoover
respect for Hoover
trust in Hoover
32
Farmers and sharecroppers who left the dust bowl to find work in the west were known as Okies
False
True
33
Extremely risky business transactions made with the chance of quick or considerable profits.
Savings Bonds
A Sure Thing
Speculation
Safe Bet
34
During the Great Depression, overall unemployment was about
50%
10%
25%
60%
