During the 1920s, how did the federal government tend to approach the economy?

with the belief that very little interference was necessary

The falling price of agricultural goods during the 20s had what dramatic impact?

many farmers could no longer pay their mortgages

Construction of paved roads, growth of oil industry, growth of tourism...all resulted from

the growth of the automobile industry

Hoover argued that the best way to end the depression was to do what?

help each other and work really hard

One of the first signs of economic collapse after the crash of the stock market was

the massive number of bank failures

One example of action taken by Hoover after the crash of the stock market was

the creation of some public works projects

One of the most significant events that cost Herbert Hoover reelection to the presidency was

the treatment of the Bonus Army

The 1920s was a time of

great confidence in the American way of life

One of the reasons that farmers struggled in the 1920s was

low crop prices meant they could not repay their debts

The crash of the stock market was not the only cause of the Depression, but it did

hasten the collapse of the economy

Output of American goods was cut in half

in the years after the stock market crash

What happened to cause the stock market to crash on Black Tuesday?

a vast number of investors sold their stock & no one bought

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Great Depression Review Reeves

28 termsStudBud Administration92 plays

American Pageant Chapters 31/32/33

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Questions 28

Answers

1
Which of the following was common in the first couple of years of the Great Depression?
people withdrew money from banks
people lost jobs
banks closed
all of these
2
During the 1920s, how did the federal government tend to approach the economy?
none of the above
with the belief that much regulation was necessary
by raising taxes
with the belief that very little interference was necessary
3
The stock market is said to have "crashed" on
Black Tuesday
Meatless Monday
Terrible Thursday
Good Friday
4
The Dust Bowl was caused mainly by what?
windy conditions
all of these
the plowing up of the Central Plains in the early 1900s
years of drought
5
Engaging in high-risk business while ignoring the risks was common in the 20s and known as
credit spending
speculation
marginalization
Ponzi schemes
6
The falling price of agricultural goods during the 20s had what dramatic impact?
food was cheap and Americans gained weight
farmers were able to invest in the stock market
there was a great increase in demand for food
many farmers could no longer pay their mortgages
7
Construction of paved roads, growth of oil industry, growth of tourism...all resulted from
the growth of consumer goods
the election of Republican presidents
the growth of the automobile industry
changes in farming
8
Hoover argued that the best way to end the depression was to do what?
raise taxes and create huge government programs
close the banks and only reopen healthy ones
raise tariffs and end foreign trade
help each other and work really hard
9
The Dust Bowl occurred in which region of the U.S.?
the Central Plains
the West Coast
the Southeast
the Northeast
10
President at the start of the Great Depression, accused of not doing enough for Americans
Herbert Hoover
Warren G. Harding
Franklin Roosevelt
Calvin Coolidge
11
One of the first signs of economic collapse after the crash of the stock market was
the great increase in investments after the crash
the resignation of the Chairman of the Federal Reserve
the massive number of bank failures
the even greater extension of credit to ordinary Americans
12
Unemployment during the Great Depression affected which group?
Middle-Class Workers
Blue-Collar Workers
Farmers
All of the above
13
One example of action taken by Hoover after the crash of the stock market was
the creation of the New Deal
closing all banks & only reopening healthy ones
the creation of some public works projects
increase tax rates on the wealthy
14
If I buy stock but only pay for a small part of it, and borrow the rest to pay for it, this is
speculation
buying on margin
illegal
none of the above
15
One of the main concerns about installment buying in the 20s was that it might be
hurting other countries' economies
a sign of economic weakness
only done by the upper class
unfair to the lenders of credit
16
Hoover did create some _________ to create jobs.
public works projects
welfare agencies
faith-based organizations
all of these
17
President Hoover genuinely believed that in order to end the Depression
none of the above
the economy would fix itself
he would have to make several executive orders
the government would need to take immediate action
18
One of the most damaging events of the early years of the Depression was
the passage of the New Deal
the creation of soup kitchens
the building of the Boulder Dam
the closure of so many banks
19
By the late 1920s, there was great cause for economic concern because
consumer spending dropped significantly
all of the above
key industries were barely profitable
so many farmers were struggling
20
This nearly brought a halt to world trade by dramatically hiking the U.S. tax on foreign goods
the Hawley-Smoot Tariff
the Federal Tax Credit
the New Deal
the Stamp Act
21
One of the most significant events that cost Herbert Hoover reelection to the presidency was
the passage of the New Deal
the creation of the Boulder Dam
the treatment of the Bonus Army
the use of soup kitchens
22
The 1920s was a time of
great confidence in the American way of life
great tolerance for immigrants & diverse races
economic caution
extensive government involvement in the economy
23
One of the reasons that farmers struggled in the 1920s was
a massive diet fad swept the nation
low crop prices meant they could not repay their debts
they could not keep up with the demand for crops
none of these
24
The crash of the stock market was not the only cause of the Depression, but it did
none of the above
hasten the collapse of the economy
cause the government to get involved immediately
lead to the arrest of many executives
25
Output of American goods was cut in half
by the end of World War I
in the early 1920s
in the years after the stock market crash
because of the automobile industry
26
What happened to cause the stock market to crash on Black Tuesday?
farmers all sold their shares of John Deere
none of the above
a vast number of investors sold their stock & no one bought
a vast number of investors bought shares of Ford
27
Which of the following can be considered a cause of the Great Depression?
uneven distribution of wealth
the lack of availability of credit in the 1920s
too much government involvement in the economy
the strength of the world economy in the 1920s
28
The group of World War I veterans who marched on D.C. and demanded their bonuses be paid
the American Expeditionary Force
the Bonus Army
the American Federation of Labor
the WPA

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