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Mr. Maltsberger's Ch 14 Great Depression Flashcards | StudBud
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Mr. Maltsberger's Ch 14 Great Depression
Mr. Maltsberger's Ch 14 Great Depression
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Answers
1
On indicator of a weak economy in the 1920's was a decline in Housing Starts (New Homes)
True
False
2
When Hoover forced the Bonus Army to Disband it became known as Black Friday.
False
True
3
This term specifically refer to the stock market crash of October 29, 1929.
Black Tuesday
Black Monday
Black Friday
Red Thursday
4
Buying on Margin means...
buying the stock from someone else
paying less than the market price for a stock
borrowing money to help pay for a stock
purchasing the stock outside the regular stock excahnge
5
The Hawley-Smoot Tariff had the effect of a substantial increase in US exports.
True
False
6
By calling the shantytowns "Hoovervilles" people were conveying
disgust with Hoover
patriotism
trust in Hoover
respect for Hoover
7
Which was NOT a cause of the Dust Bowl?
high winds
thick layers of prairie grass
drought
overproduction of crops
8
Herbert Hoover's response to the Depression Era Economy was based on a belief in
voluntary cooperation
the golden rule
direct government relief
separation of church and state
9
Causes of the farming crisis of the 1920s included the fact that
the Dust Bowl took a lot of land out of production
federal price-supports of corn & wheat were not effective
demand for crops fell after WWI
most people didn't own electronic refrigerators
10
The Dow Jones Industrial Average is considered a measure of the stock market's health.
False
True
11
The Stock Market Crash of 1929 was fueled by Price Supports as unwise investments.
False
True
12
The Federal Home Loan Bank Act
make it easier for banks to foreclose on farms and homes
prevent farmers and homeowners from losing their property.
increase the value of homes and farms
encourage new construction
13
As a result of the Great Depression many people started farming.
True
False
14
Farmers and sharecroppers who left the dust bowl to find work in the west were known as Okies
True
False
15
From 1924 to 1940, the economy plummeted and unemployment skyrocketed during
Black Tuesdays
Great Recession
Black Fridays
Great Depression
16
During the Great Depression, overall unemployment was about
25%
10%
50%
60%
17
President Hoover did NOT support Direct Relief.
True
False
18
A long term effect of the Great Depression was that many ....
grew to like Hoover
came to desire small government
became risk takers in the stock market
developed a savings habit
19
Buying Stocks on the chance of quick profit without understanding the risks is known as
profit-seeking
speculation
living on credit
buying on margin
20
Arrangement where consumers agree to buy now & pay for purchases later often using installments
Cash Transaction
Credit
Debit
Scamming
21
Which of the following increased in the 1920s?
prices for farm products
farmers debts
foreign demand for US farm products
domestic demand for US farm products
22
Which WAS NOT an important cause of the Great Depression?
tariffs on foreign imports were lowered
Federal government did not insure people's bank accounts
both individuals & business built large debts due to credit
the stock market crashed
23
Psychological Stress caused a rise in the # of
Suicides
Dust Storms
Bread Lines
Bank Closures
24
Extremely risky business transactions made with the chance of quick or considerable profits.
Savings Bonds
Speculation
A Sure Thing
Safe Bet
25
The Hawley Smoot Tariff Act led to...
an unequal distribution of income in the United States
Hoover's reelection as president
more demand for American manufactured goods
a dramatic drop in world trade
26
Congress tried to pass the McNary-Haugen bill, Which would have mandated this on key crops.
Equilibrium Price
Artificially Low Prices
Stubid Taxes
Price Supports
27
After the stock market crash, how did President Hoover try to help the economy?
by asking businesses not to lay off employees
by closing banks
by funding handouts of food and clothing
by lowering foreign tariffs
28
This Republican won the presidential election of 1928.
Alfred E. Smith
Herbert Hoover
Mitt Romney
George W. Bush
29
Which was NOT a cause of the Great Depression?
tariffs on foreign goods
a crisis in the farm sector
the availability of easy credit
a growing number of homeless people
30
During the Depression, Charities tried to help the urban poor by holding online fundraisers
True
False
31
Reduced the flow of goods into the US & prevented other countries from buying our goods
Hawley-Smoot Tariff Act
Price Supports
Equilibrium Price
Stubid Taxes
32
Who made up the Bonus Army that marched on Washington?
unemployed industrial workers and their families
farmers forced off their land by dust storms
business and labor leaders who agreed to work together
WWI veterans and their families
33
Which describes a government system for giving payments or food to the poor?
rugged individualism
Bonus Army
price support
direct relief
34
The Reconstruction Finance Corporation existed mainly to give emergency help to large business
True
False
