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The Great Depression Begins Quiz! Flashcards | StudBud
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The Great Depression Begins Quiz!
The Great Depression Begins Quiz!
20 terms
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StudBud Administration
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Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
People would fashion pieces of garbage into homes and live in communities called
Garbagevilles
Shantytowns
Poortown
Poopsburg
2
How did World War I effect the Great Depression?
Anger between the Allies on how the war ended halts trade
The Russian Revolution meant the US lost major trade
Germany refused to trade with its enemies
Countries in debt couldn't invest in the US
3
When customers withdraw their money from banks in large numbers this is called what
Buying on Margin
A Rally
Run on the Bank
Speculation
4
Herbert Hoover and Donald Trump are the only Presidents to do what?
Install tariffs
Target illegal immigration
Run for President as their first elected office
Have to deal with an economic recession
5
Who is elected President in 1928 hoping to continue the success of his Republican predecessor?
Teddy Roosevelt
Herbert Hoover
Richard Nixon
FDR
6
This 1929 frantic selloff started a crash that would see the stock market lose 90% of its value
Black Tuesday
Red Monday
Black Friday
Red Sunday
7
What is a
Tariff
?
A way to encourage international investment
A method of getting money to those unemployed
A way to build massive border walls
A tax on imported goods to protect American manufactors
8
Which of these is
NOT
considered a cause of the Great Depression?
The Rise of the Auto Industry
Access to easy credit
Lack of foreign investment
Crisis in farming industry
9
How would hobos warn others about potential dangers on their travels?
Tell the local police to warn them
Have the RR warn them
They would telegraph them
Using a series of symbols
10
When farms start going out of business, what other industry starts to fail as well?
The Stock Market
Railroads
Rural Banks
The Federal Government
11
In the early 1920s farms start to go out of business, why?
Prices dropped and they couldn't repay their debts
Crops fail
The Dustbowl
The Great Depression
12
As a result of farms being foreclosed and rural banks failing what starts to happen?
Women have to go to work
The Great Migration
People start working in factories
People in those areas spend less slowing down other industry
13
These two risky investment strategies put the stock market on a dangerous path
Blue Chip Stocks and Market Funds
Mutual Funds and Fund Managers
401K and IRAs
Speculation & Buying on Margin
14
Why did easy credit and income inequality make the Great Depression worse?
People living beyond their means couldn't deal with job loss
Republican interference in business made things worse
The very wealthy refused to help the economy
Getting credit easily meant you could open new businesses
15
This is the term for the massive downturn and collapse of the economy from 1929 to 1940
The Gilded Age
The Great Migration
The Roaring Twenties
The Great Depression
16
What is the problem with a
Run on the Bank
?
People pulling money out of banks tended to invest it
Banks close when they run out of money & people lose savings
The government would have to step in to bail out the bank
Bankers became rich at the expense of their clients
17
Why did married women face discrimination for working?
Married women generally did not do good work
Federal laws prohibited married women from working some jobs
People felt their husbands should be working, not them
Their husbands really didn't want them to be working
18
Although the government didn't provide relief, charities operated these to try to help
Welfare Distribution
Soup Kitchens & Bread Lines
Employment Offices
Churches
19
Generally, experiencing the Depression here at least gave you the ability to feed ourself
Outside the U.S.
The City
On the West Coast
The Country
20
Men who would ride the rails looks for food or work were called what?
Freedom Riders
Conductors
Hobos
Bums
