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Chapter 8 Review: The Great Depression Flashcards | StudBud
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Chapter 8 Review: The Great Depression
Chapter 8 Review: The Great Depression
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US History, Chapter 8, The Great Depression
Flashcards
35 cards
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Questions
35
Answers
1
What economic condition did John Maynard Keynes believe cause the Great Depression?
Limits on production and speculation
Too much oversight of banking
Strict controls on stock speculation
Lack of government intervention
2
The dam built on the Colorado River during the Great Depression
Hoover Dam
Three Gorges Dam
Depression Dam
Denver Dam
3
What changed American behavior during the 1920s?
Easy Credit
New Farming Methods
Lack of self confidence
Stocks
4
The first institutions to feel the effects of the stock market crash were the
Grocery Stores
Hospitals
Banks
Automotive industry
5
President Hoover's stressed the importance of what two things?
High Tariffs and Low taxes
Federal Government and low taxes on businesses
Education and Big Business
Education & Voluntary cooperation with management & labor
6
What problem plagued the industrial workers of this time?
Wages stayed the same as prices continued to rise
Workers were investing too much money in the stock market
Industrial workers lived beyond their means using credit
Wages rose overtime but production rose quickly
7
Process where Mexican Americans were forced by officials to return to Mexico is called
Impeachment
Deporation
Repatriation
Immigration
8
What regulates the amount of money in circulation in the United States?
Reconstruction Finance Corporation
Bankers Union
Federal Banking System
Federal Reserve
9
The Protective Import Tax during the Depression was called
Social Security Tax
Capitation Tax
Hawley-Smoot Tariff
Townsend Revenue Act
10
What problems were associated with the Hawley-Smoot Tariff?
American manufacturers & farms had unsold products
Destruction of international trade
Disastrous to American producers & global economy
International move toward high tariffs closed markets
11
President Hoover urged Congress to institute the RFC because the economy suffered from
high interest rates
a lack of credit
a concentration of wealth
over-employment
12
Dust Bowl refugees were called
Localists
Dusties
Drifters
Okies
13
Some Americans blamed the Great Depression on
Capitalism
Republicans
Democracy
Fascism
14
A healthy economy requires what?
The overproduction of farmers and under consumption
The federal government to withhold money from circulation
More people to buy more goods to create wealth
Unequal balance of wage distribution so the rich have more
15
Economic theory that holds that money lent to banks and businesses will benefit consumers is
Laissez Faire Capitalism
Keynesian Economics
Fascism
Trickle Down Economics
16
Makeshift shantytowns set up by the homeless during the Great Depression
Slums
Hoovervilles
Suburbs
Coolidge Towns
17
Farmers who survived in the Dust Bowl were the ones who
Buckled down and waited out the dust
Found plants who could survive the conditions and sold them
had big operations and bought repossessed land
Changed planting techniques
18
Line of people waiting for food handouts from charities or public agencies were called
Soup Kitchens
Bread Lines
Hoovervilles
Soup Lines
19
Why did so many banks fail at the onset of the Great Depression?
Stock market collapsed too slowly to collect debts
Frantic people began to withdraw their money all at once
The Federal Reserve put too much money into circulation
Too many investors opened new accounts
20
Which of the following was NOT a hardship faced by American farmers during the Depression?
Could not pay debts from purchasing expensive farm equipment
Skyrocketing prices prevented sales in the market
Contracted large mortgages from WWI crop demands
Could not sell excess goods from increased harvest yields
21
What group of people took the credit for the prosperity of the 1920s?
Bankers
Stock Brokers
Republicans
Democrats
22
President Hoover responded cautiously to the depression because he
was distracted by the upcoming election
thought the business cycle would correct itself
wanted to take an aggressive approach to recovery
had little experience w/ business methods & economic theory
23
A federal agency set up to provide emergency credit to banks railroads & other large businesses
Reconstruction Finance Corporation
War Industry Board
Federal Reserve
War Administration Board
24
WWI veterans who marched on D.C. demanding early payment of a bonus for their military service
WWI Reconstruction Army
Bonus Army
Continental Army
Hawley-Smoot Army
25
One who works land owned by another is called a
Okies
Migrant Workers
Farm Hand
Tenant Farmer
26
Farmers contributed to the Dust Bowl by
Not planting crops
Using intensive farming practices removing protective grass
Putting down new layers of topsoil
Damming western rivers and using irrigation techniques
27
Practice of making high-risk investments in the hopes of obtaining large profits is called
Reparations
Business Cycle
Repatriation
Speculation
28
Herbert Hoover was the head of what agency during WWI?
Food Administration
Reconstruction Finance Corporation
Committee on Public Information
War Industries Board
29
Central and southern Great Plains when the region suffered from drought and dust storms was the
Iron Age
Dust Bowl
Smoke Age
Great Depression
30
When stock prices fell sharply in the Great Crash they called it
Black Thursday
Red Scare
Black Tuesday
Great Depression
31
Hoover's plan to reverse the economic downturn included
putting money in the hands of businesses & individuals
having businesses and laborers work towards a common goal
having Americans act in the best interest of the country
having wealthy Americans give to charity
32
The periodic growth and contraction of the economy
Business Cycle
Trickle Down Economics
Speculations
Repartriations
33
President Hoover favored the idea of rugged individualism which meant
Problems could be solved locally
People will help themselves before others
People could better themselves
Life is an uphill battle & the good comes with the bad
34
1929-1941 where the economy faltered and unemployment soared was called
The Roaring Twenties
The Great Depression
The Great Crash
Business Cycle
35
Policy during the Depression where local & state govts act as primary agents of economic relief
Localism
Speculation
Trickle Down Economics
Repatriations