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Great Depression: Causes and Life Flashcards | StudBud
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Great Depression: Causes and Life
Great Depression: Causes and Life
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Answers
1
What is a stock?
Partial ownership in a company
Payments made to a company
Products made by a company
Complete ownership in a company
2
All of the following are causes of the Great Depression except:
High interest rates
High Tariffs
Over-extension of Credit
Stock Market Crash
3
The economy of the 1920's can best be described as:
Based on credit
Good
Bad
Inflated
4
Why did the stock market crash?
It was based in borrowed money
All of the above
The computers broke
The money was lost in a fire
5
What was the leading cause of the Dust Bowl?
Business Failures
Over-extension of credit
Overproduction and Farming
Stock Market Crash
6
What did farmers buy on credit?
Produce
Seeds
Farm Animals
Farm Equipment
7
True or false: The Grapes of Wrath was written about the Great Depression
True
False
8
What percentage of people were unemployed by 1933?
30%
15%
50%
25%
9
What is happening in this picture?
Marathon
Strike
Rally
Sit-down
10
Where did most Okies migrate to?
Missouri
Idaho
Oregon
California
11
Which cause is associated with the saying "Run on the bank"?
Distribution of Wealth
Bank Failures
Stock Market Crash
High Tariffs
12
Business closed during the Great Depression because:
They lost all their investments
They hired to many workers
People had no money to spend
The government shut them down
13
What day did the stock market crash?
Nov. 5, 1930
Feb 23, 1930
Jan. 3, 1929
Oct. 29, 1929
14
All of the following are reasons for the booming economy of the 20's except:
Jazz Music
Professional Sports
Film Industry
The Steel Industry
15
What did Americans buy on credit?
Entertainment
Clothes
Appliances
Stocks
16
What was isolationism?
U.S helping Europe
U.S. joining Europe
U.S. staying out of European problems
War with Europe
17
What was the leading cause of breadlines?
Unemployment
Italians ate all the bread
Shirtwaist bread fire
Flour shortage
18
What were these town called?
FDR's Paradise
Wilsonites
Ghettos
Hoovervilles
19
What was the bonus army?
Okies who wanted $$
Women who wanted &&
Unemployed workers who wanted $$
Soldiers who wanted $$
20
Who "rode the rails"?
Homeless men
Hobos
Trains
Hitch Hikers
21
What is Oct. 29, 1929 famously called?
A Black Day
Black Monday
Black Tuesday
Black Friday
22
What percentage of Americans earned less than $2,500 a year?
1/2
2/3
1/4
100%
