President Hoover downplayed the effects of the crash because

he believed the economy would soon recover.

Why was buying on margin riskier than other ways of investing in the stock market?

stock price dropped, investors had to repay their loans.

In the earliest days of the Great Depression, most families who lost jobs

begged, became hoboes, or went without basic necessities.

During the boom years of the 1920s overall unemployment across the nation

remained low, averaging around three percent.

Why did the Smoot-Hawley Tariff Act backfire?

European nations responded with tariffs of their own.

In the aftermath of the crash, industrialized nations around the world took measures to

protect themselves by passing high tariffs.

How did dust storms make it difficult to farm in the Great Plains?

They stripped off the topsoil and blew it away.

The construction of Hoover Dam illustrated a creative partnership between

private business and the federal government.

During the Great Depression, President Hoover came under attack because many Americans believed

he did not grasp how desperate the American people were.

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Chapter 11 Review

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Great Depression

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Questions 22

Answers

1
President Hoover downplayed the effects of the crash because
the crash had little effect on economies overseas.
margin buyers were not hurt.
he believed the economy would soon recover.
consumers continued buying stocks at a brisk pace.
2
“Black Tuesday” referred to the
worst dust storm of 1931.
day voters re-elected Herbert Hoover.
the Federal Reserve made it difficult to offer margin loans.
collapse of the stock market.
3
Why was buying on margin riskier than other ways of investing in the stock market?
stock price dropped, investors had to repay their loans.
stock price dropped, the investor makes only a small profit.
Margin calls forced investors to buy more stock.
Federal Reserve made it difficult for brokers to lend money.
4
Americans knew they were in a Hooverville when they saw
shacks.
vacuum cleaners.
dams.
banks.
5
____ is the term that describes the devastation of the Great Plains by drought.
The Grapes of Wrath
The Great Depression
Black Tuesday
The Dust Bowl
6
The fall of 1930 more than 6,000 unemployed workers sold ____ on the streets of New York City
their belongings
bananas
their cars
apples
7
stock prices dropped, brokers could force investors to repay their loans if the investors were
Okies.
installment buying.
buying on margin.
members of a cooperative.
8
How did many of the unemployed feel about receiving handouts during the Great Depression?
rich
happy and relieved
ashamed and angry
hopeful
9
In the earliest days of the Great Depression, most families who lost jobs
depended on annuities from richer family members.
begged, became hoboes, or went without basic necessities.
took new jobs serving in soup kitchens and breadlines.
depended on federal government programs for food.
10
On October 24, 1929, investors responded to concerns about the economy by
emptying their bank accounts.
buying up more stocks.
selling off their stocks.
appealing to the Federal Reserve to halt stock sales.
11
The total value of all goods and services produced in a nation is called the
margin of growth.
gross national profit.
net national product.
gross national product.
12
During the boom years of the 1920s overall unemployment across the nation
was not measured, since economic times were good.
rose steadily, increasing about two percent each year.
was high, except in rural areas.
remained low, averaging around three percent.
13
Loose-knit communities of rustic shacks and tents were called
Hawleyvilles.
Hoovervilles.
cooperatives.
Dust Bowls.
14
Why did the Smoot-Hawley Tariff Act backfire?
It was limited to helping farmers.
European nations responded with tariffs of their own.
It benefited only manufacturers.
The tariff rates were too low.
15
The boom economy of the “Roaring Twenties” did not apply to
companies producing new items on the nation’s assembly lines
farmers.
steel, oil, and rubber industries.
movie theaters and sporting events.
16
In the aftermath of the crash, industrialized nations around the world took measures to
maintain the current size of their workforce.
protect themselves by passing high tariffs.
increase wages by a total of $4 billion.
decrease tariffs, making it easier to import goods
17
People who hopped trains to look for work were known as
migrants.
hoboes.
train hoppers
Okies.
18
How did dust storms make it difficult to farm in the Great Plains?
They covered the rooftops with too much dust.
They made the fields too muddy.
They covered up the farmers’ crops.
They stripped off the topsoil and blew it away.
19
Which of the following signaled economic weakness in the 1920s?
good times in outdated industries such as coal mining
purchase of factory goods by families of average income
the high salaries of union members
uneven distribution of wealth
20
The ____ was created by private business and the federal government working together
Hoover Dam
Federal Reserve
Great Depression
Smoot-Hawley Tariff Act
21
The construction of Hoover Dam illustrated a creative partnership between
state government and private business.
local engineers and local government.
educational institutions and the federal government.
private business and the federal government.
22
During the Great Depression, President Hoover came under attack because many Americans believed
he grew rich while the American people suffered.
he put more emphasis on cooperating abroad
he did not grasp how desperate the American people were.
he lacked business sense.

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