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The Great Depression--John Green Review Flashcards | StudBud
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The Great Depression--John Green Review
The Great Depression--John Green Review
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Answers
1
What was the RFC and what was its function?
Really Fried Chicken; Food for Hobo villages
Request for Comments; gather info about taxes
Reformed Federal Church; provide soup kitchens
Reconstruction Finance Corp; Federal Bailout
2
Herbert Hoover claimed that the root cause of the Great Depression was ___?
Government lasseiz faire
Installment Buying
Banking Irresponsibility
World War I
3
The Hawley-Smoot Tariff
raised taxes on imported goods
lowered taxes on exported goods
raised taxes on exported goods
lowered taxes on imported goods
4
According to Green, the single greatest factor insending the country into economic turmoil was
America's Weak Banking System
The Stock Market Crash
Failed Agriculture Industry
Herbert Hoover
5
The Great Depression began because of the Stock Market Crash of 1929.
True
False
6
Shanty towns across the country during the great depression housing many homeless
Hoovertown's
Hobotown's
Hooverville's
Hoboville's
7
What signs of economic slowdown did the farming industry show during the 20's?
drought
dust bowl
mechanization was too expensive to turn profit
overproduction
8
The Great Depression's greatest characterization is massive __________.
Unemployment
Government Bailouts
Government Programs
Banking Reforms
9
Why is deflation worse than inflation?
more jobs, less $
when prices fall, businesses cut costs by cutting jobs
have you ever been on a deflated air mattress?...not good
quality of goods goes down
10
Hoover encouraged private charity though his acronym program _____.
JOBS
POUR
SOUP
DEAL
