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The Great Depression Flashcards | StudBud
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The Great Depression
The Great Depression
30 terms
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Answers
1
15. The Dust Bowl was caused by all of the following except
high winds
drought
crop rotation
overproduction of crops
2
14. Price supports are initially provided by
stockholders
consumers
farmers
government
3
20. The main purpose of the Federal Home Loan Bank Act was to
increase the value of homes and farms
make it easier for banks to foreclose on farms and homes
prevent farmers and homeowners from losing their property
encourage new construction
4
29. Who gave the order to remove the Bonus Army from its camp in the nation's capital?
the military
the president
the local police
Congress
5
24. Whose fortunes were most dramatically changed on the day known as Black Tuesday.
farmers
big-business executives
bankers
stock market investors
6
12. Who ran against Herbert Hoover in the 1928 presidential election?
Alfred E. Smith
Franklin D. Roosevelt
Calvin Coolidge
Fred Hartley
7
13. What happened on Black Tuesday?
A record number of banks closed
The New York Stock Exchange went out of business
A record number of people tried to sell their stock
A record number of business declared bankruptcy
8
19. Which of the following was an unintended effect of the Hawley-Smoot Tariff Act
a substantial decrease in U.S. exports
a substantial decrease in U.S. consumer debt
a substantial increase in U.S. consumer debt
a substantial increase in U.S. exports
9
This term refers to making extremely risky business transactions on the chance of making quick or considerable profits.
buying on margin
price support
speculation
credit
10
18. In calling shantytowns "Hooverville's," people conveyed their
disgust with Hoover
grudging respect for Hoover
trust in Hoover
patriotism
11
25. To buy stock on margin means that the buyer
agrees to split any potential gain or loss with the stockbroker
buys stock at a high price and sells it at a loss
borrows part of the purchase price of the stock
buys stock at a low price and sells it at a profit
12
3. This term refers to the stock market crash of October 29, 1929.
buying on margin
Black Tuesday
price support
credit
13
8. This reduced the flow of goods into the United States and prevented other countries from earning American currency.
buying on margin
price support
Hawley-Smoot Tariff Act
Black Tuesday
14
28. The main purpose of the Reconstruction Finance Corporation was to provide emergency help for
homeowners
farmers
the urban poor
large business
15
6. This term refers to paying a small percentage of a stock’s price as a down payment and borrowing the rest.
speculation
buying on margin
credit
price support
16
16. The phrase "buying on margin" refers to a way of purchasing
farm products
stock
consumer goods
land
17
30. The Great Depression lasted from
1929 to 1941
1932 - 1945
1932- 1941
1929 to 1932
18
10. All of the following preceded the onset of the Great Depression except.
large industrial investments in new equipment
declines in new building permits
large amount's of consumer debt
a widening gap between rich and poor
19
17. Soon after the stock market crash, Herbert Hoover attempted to help the economy by
asking business not to lay off employees
lowering the tariff
closing the banks
constructing low-income housing
20
11. During the 1920's which of the following increased?
prices for farm products
farmers debts
foreign demand for U.S. farm products
domestic demand for U.S. farm products
21
23. During the 1920's stock prices rose because
money was decreasing in value
U.S. corporation's were steadily making larger profits
investors who held stock in companies refused to sell it
investors were paying more for stock than it was actually worth
22
21. The Bonus Army consisted of
farmers forced off their land by dust storms
business and labor leaders who agreed to work together
World War I veterans and their families
unemployed industrial workers and their families
23
2. This Republican won the presidential election of 1928
Alfred E. Smith
Woodrow Wilson
Herbert Hoover
Franklin D. Roosevelt
24
22. Who ran for president in the 1932 election?
Herbert Hoover and Franklin D. Roosevelt
Calvin Coolidge and Herbert Hoover
Herbert Hoover and Alfred E. Smith
Calvin Coolidge and Franklin D. Roosevelt
25
26. When the Great Depression began, soup kitchens and bread lines were mainly run by
locals and state government agencies
corporations
state and federal government agencies
charitable institutions
26
5. This term describes the setting of certain price levels at or above market levels by the government.
credit
buying on margin
speculation
price support
27
9. This is an arrangement is buy now and pay later for purchases, often on an installment plan that includes intere
buying on margin
credit
price support
speculation
28
4. This term is the name of the most widely used measure of the stock market’s health.
buying on margin
credit
price support
Dow Jones Industrial Average
29
1. This Democrat lost the presidential election of 1928.
Alfred E. Smith
Woodrow Wilson
Herbert Hoover
Franklin D. Roosevelt
30
27. The main propose of the Hawley-Smoot Tariff Act was to
discourage foreign nations from buying U.S. good
protect U.S. businesses
decrease consumer debt in the United States
encourage international trade
