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Great Depression Effects and Causes - Pre IB OIS Flashcards | StudBud
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Great Depression Effects and Causes - Pre IB OIS
Great Depression Effects and Causes - Pre IB OIS
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OIS Pre-IB history great depression
Flashcards
15 cards
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Practice quiz
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Questions
15
Answers
1
What does this photo symbolize about life during the Great Depression?
Poverty and hunger
Job opportunity
Financial Stability
Economic Growth
2
What was one of the main consequences of overproduction in the 1920s leading up to the Great Depression?
Falling prices and rising unemployment
Creation of new factories
Economic recovery
Increased global demand for goods
3
What event marked the Great Depression?
Prohibition
Black Tuesday (Stock Market Crash)
The Dust Bowl
WW1
4
The Smoot-Hawley Act led to a significant increase in international trade.
True
False
5
What was the primary reason Republican policies in the 1920s failed to prevent the Great Depression?
They restricted stock market investments
They relied too much on limited government involvemen
They invested heavily in public welfare
They taxed the wealthy heavily
6
The Great Depression caused widespread homelessness in both cities and rural areas
True
False
7
By 1933, what percentage of the U.S. workforce was unemployed?
45%
60%
10%
25%
8
Which of the following best explains why the stock market crash of 1929 led to widespread economic collapse?
Government bailout programs
Higher wages for workers
Industrial growth
Bank failures and loss of consumer confidence
9
The stock market crash of 1929 caused the Great Depression to begin immediately.
False
True
10
What were the Republican policies that were ineffective in preventing and combating the Great Depression?
Strong banking regulations
Laissez-faire economics and limited government intervention
Government-led industrial expansion
High taxes on businesses
11
What were the makeshift settlements called where homeless families lived during the Great Depression?
Depression Camps
Roosevelt Towns
Hoovervilles.
Shanty Cities
12
Direct federal relief programs were common at the start of the Great Depression.
False
True
13
By the early 1930s, almost half of all American banks had failed due to the Great Depression
True
False
14
What were the main causes of the Great Depression?
Low unemployment
Republican Policies
Overproduction
Speculation
15
Why was buying stocks and shares in a company so attractive in the 1920s?
Banks guaranteed profits
Stock prices never dropped
People believed they could make quick profits with minimal risk.
Everyone was required to invest in stocks