According to economist John Maynard Keynes, what did he believe the government should do during the Great Depression

the government should employ people until private companies rebounded

Which of these factors helped hide economic problems in the 1920s?

Americans purchased many consumer goods on credit

What are Hoover Wagons?

Repurposed cars that served as carts

Why did so many banks fail at the onset of the Great Depression

Too many depositors tried to withdraw their money all at once

What are Hoover flags?

An accurate description of my bank account while student teaching, Empty pockets

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Formative Review Great Depression

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Questions 17

Answers

1
What happened to workers who managed to keep their jobs
They got bonuses
Their families got jobs
wages or hours cut
They got cookies
2
According to economist John Maynard Keynes, what did he believe the government should do during the Great Depression
remove oversight of banks
the government should employ people until private companies rebounded
Less government intervention and more focus on charity
limit spending by consumers by imposing tariffs
3
What is Hoover Leather?
Cardboard patched with shoes
A belt for saggy pants
A cow named Hoover that turned into a Louis Vuitton Purse
Shoes patched with cardboard
4
The periodic expansion and contraction of the economy
Business Cycle
Breathing
The Great Depression
Black Tuesday
5
European countries reacted to the Hawley-Smoot Tariff by
increasing global trade
importing more American goods
Lowering prices on exports
taxing American imports
6
The time at which the stock market collapsed in the Great Crash
Black Friday
The Great Depression
Black Tuesday
The Great Recession of 2008
7
Which of these factors helped hide economic problems in the 1920s?
Farmers sold crop surplusses to pay off debt
Americans purchased many consumer goods on credit
Investors lost confidence
Wages increased at the same pace as worker productivity
8
What are Hoovervilles?
Apartments Complex
My minecraft house
Hobbit Holes
Shantytowns
9
What are Hoover Wagons?
Trolleys
G-Wagons
Transformers
Repurposed cars that served as carts
10
A risky stock purchase intended to turn quick profits
Geico
Tariffs
Speculation
Credit Karma
11
Why did so many banks fail at the onset of the Great Depression
The stock market collapsed too slowly to collect on debts
Too many investors tried to open new accounts
The Federal Reserve put too much money into circulation
Too many depositors tried to withdraw their money all at once
12
What was a time of economic downturn and high unemployment between 1929 and 1941
Great Depression
Black Tuesday
Speculation
Herbert Hoover
13
A tax passed in 1930 on foreign products brought into the US
Red Scare
Income Tax
The Great Migration
Hawley-Smoot Tariff
14
What are Hoover flags?
The European Union flag
An American flag
An accurate description of my bank account while student teaching
Empty pockets
15
How did many people feed themselves?
Bread lines
Grimace Shakes
Grande Pistaccio Iced Lattes
Condensed Air
16
What are Hoover Blankets
Silk Sheets
Umbrellas
Ford Model Ts
Newspapers
17
United States President from 1929 to 1933
Herbert Hoover
Teddy Roosevelt
John F Kennedy
Barack Obama

Formative Review Great Depression Flashcards | StudBud