What was a Hooverville?

Shanty town built by homeless people

Why were so many people buying and selling stocks?

They were trying to get rich quickly

What did Hoover establish the Reconstruction Finance Corporation for?

To loan money to banks and businesses

What was the Bonus Army

WWI Veterans who protested in Washington, DC for bonuses

President Hoover opposed direct federal relief to the unemployed because he believed

private charities and local governments should provide out relief.

What is a margin call?

Demanding the investor to repay loan

What is stock speculation

buying risky stocks on the lure of potential profits

When many people withdraw their money from a bank at once.

A major problems facing farmers in the 1920s was

Over-production, which lowered crop prices

What was the Dust Bowl?

A massive drought that wiped out much of the Great Plains

How did General MacArthur respond to Hoovers order to remove the Bonus Army in DC?

he drove them out using tear gas, tanks & armed soldiers

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US (MH) Ch 9 Review

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Questions 23

Answers

1
During the 1920s, too many people
bought stock on borrowed money
bought stock with cash
used a bank to buy stock
used a broker to buy stocks
2
Many people borrowed money to invest in the stock market, this was called
buying on margin
underselling
overproduction
overbuying
3
What was a Hooverville?
A hotel
A rich neighborhood
A store for the homeless
Shanty town built by homeless people
4
The panic of Black Tuesday and the heavy selling of stocks in a short period caused?
prices of stock to go up
businesses to issue more stocks
people to buy more shares
prices of stock to drop
5
Which of the following DID NOT contribute to the start of the Great Depression?
too much consumer debt
stock market crash
falling crop prices due to overproduction
the start of World War II
6
Why were so many people buying and selling stocks?
They were trying to get rich quickly
Buying and selling stocks was a popular pastime
They were attempting to make the stock market crash
They felt bad for stock market businessmen
7
What did Hoover establish the Reconstruction Finance Corporation for?
to finance settlement houses for immigrants
To help people build houses
To build highways
To loan money to banks and businesses
8
Which part of the economy did not prosper during the 1920s?
none of the above
farming
large businesses
factories
9
What was the Bonus Army
soldiers who stayed in the Army after WWI
veterans demanding government jobs
an all female branch of the military
WWI Veterans who protested in Washington, DC for bonuses
10
What were negative consequences of the Dust Bowl?
People would die of dust pneumonia.
All of the above
Peoples' houses would be buried in dust.
Livestock choked on the dirt and starved.
11
President Hoover opposed direct federal relief to the unemployed because he believed
charity should only come from family
federal relief would only shorten the Depression.
individuals are responsible for taking care of themselves.
private charities and local governments should provide out relief.
12
Herbert Hoover was opposed to what type of aid?
Direct
Indirect
Trickle-down
Reaganomics
13
What is a margin call?
A phone call
Demanding the investor to repay loan
Banks begin to close
An entertainment event
14
What is stock speculation
gambling in govternment casinos
the profits made from selling stocks
buying a "sure thing" stock
buying risky stocks on the lure of potential profits
15
What is a bank run?
When people run in a mini marathon sponsored by a bank
When many people withdraw their money from a bank at once.
When people are selling shares on the underground stock market.
When dorks are trying to collect Justin Bieber autographs
16
A major problems facing farmers in the 1920s was
the inability to purchase modern farm equipment.
Over-production, which lowered crop prices
passage of the McNary-Haugen Bill
the prosecution of cooperatives under antitrust laws
17
What was the Dust Bowl?
A massive drought that wiped out much of the Great Plains
A way to keep dust off your farm and out of your house
A new kind of pottery
A disaster which drove many people to move to New York
18
What was the unemployment rate during the Great Depression?
10%
20%
15%
25%
19
How did General MacArthur respond to Hoovers order to remove the Bonus Army in DC?
he negotiated a payment for them
he joined their cause
he drove them out using tear gas, tanks & armed soldiers
he refused Hoover's orders
20
Best looking history teacher in the tech hallway! (hint, he kinda looks like Chris Hemsworth)
Tisdale
Mauk
Blanc
Sanabria
21
What event do many see as the start of the Great Depression?
Sept. 29, 1929 - Black Tuesday
Nov 11, 1918 - end of the first World War
It never happened
Nov 29, 1919- Black Friday
22
Who created the Emergency Relief and Construction Act?
Herbert Hoover
Frankil Stighall
Hitler
Franklin D. Roosevelt
23
Who were the Okies?
people who moved to Mexico in search of jobs
people fleeing the Dust Bowl
the first professional sports team in Oklahoma
people moving to Oklahoma to help with the Dust Bowl

US (MH) Ch 9 Review Flashcards | StudBud