People rushed to withdraw savings

Why was the term Okies inaccurate?

Migrants came from other states as well

How did Hoover put into practice the idea of the associative state?

called meetings of business leaders and experts

Provided emergency financing to banks and large companies, hoping to better the economy

Reconstruction Finance Corporation

Why did the run-up of the stock market continue despite the Federal Reserve's actions?

Corporations began lending $ to investors

How did teenage hobos manage to survive?

formed communities with other homeless adults

Why did voluntary cooperation NOT work (cooperatives).

based decisions on own needs, not the group

Why did margin buying seem like an easy way to make money?

Enough money was made to to create a profit

Why did many Americans lose their homes?

No job or income it was hard to pay the mortgage

What was the purpose of passing the Smoot-Hawley Tariff?

hoped to keep Am goods and jobs here

In what ways did the Federal Reserve System (FRS) promote healthy economic activity?

set policies to regulate the money supply

How did the RFC and Fed Home Loan Bank affect Ams?

expansion of govt in the business of Am people

What was the Federal Home Loan Bank?

encouraged home building with lower interest rates

What did the Hoover Dam project's success demonstrate?

power of partnerships between gov't and businesses

Why were so many farms foreclosed?

as income dropped, loans could not be repaid

Major cause of the Dust Bowl

Farmers experienced drought conditions

What helped drive the expansion of the economy?

Automobile & growth of manufacturing

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Great Depression

43 termsStudBud Administration270 plays

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Questions 43

Answers

1
What was a bank run?
People rushed to withdraw savings
Banks would run up prices of loans
People went bankrupt
People took out large loans to invest
2
Why was the term Okies inaccurate?
Migrants were really called hoboes
People on Oklahoma were not affected by the drought
Migrants came from other states as well
People thought positively of the name
3
How did Hoover put into practice the idea of the associative state?
believed in rugged individualism
blocked federal welfare on all levels
passed $ to states for welfare payments
called meetings of business leaders and experts
4
After WWI, the demand for farm goods and crop prices ___
increased
sharply rose
remained the same
decreased
5
Date of the stock market crash
October 29, 1839
October 28, 1928
October 28, 1939
October 29, 1929
6
Stock Market crashed on
Holy Sunday
Black Monday
Black Tuesday
Black Friday
7
Provided emergency financing to banks and large companies, hoping to better the economy
Smoot-Hawley Tariff
None
Reconstruction Finance Corporation
Emergency Act 1932
8
Why did the run-up of the stock market continue despite the Federal Reserve's actions?
Bank decreased interest rates
Corporations began lending $ to investors
None of the above
Banks were private and did not follow the FRS actions
9
How did teenage hobos manage to survive?
formed communities with other homeless adults
found odd jobs
increased crime and theft
many returned home and could not find jobs
10
Why did voluntary cooperation NOT work (cooperatives).
Cooperative groups had little power
made decisions based on stock market prices
based decisions on own needs, not the group
Cooperatives only benefited banking industry
11
Investing in the stock market on the chance you might make a profit (risky)
margin buying
all eggs in one basket
speculation
risky business
12
States such as Oklahoma, Kansas, and Texas were affected by
super bowl
cereal bowl
dust bowl
none
13
Home construction has a __ effect on other industries
negative
neutral
positive
spinoff
14
How much did the gross national product (GNP) rise between 1922-28?
30%
15%
5%
60%
15
Supported the Patman Bill
Bingo
Hoover
Bonus Army
WWII vets
16
Another cause of the Dust Bowl
over, I'm over it
overpricing
overpoulation
overproduction
17
One factor contributing to consumer debt
unemployment
purchasing on credit
overproduction
high interest rates
18
Why did margin buying seem like an easy way to make money?
Enough money was made to to create a profit
Anyone could invest
Interest rates were high
Market signaled decreases, cheaper to buy stocks
19
Why did many Americans lose their homes?
No job or income it was hard to buy food
No job or income it was hard to pay the mortgage
No job or income it was hard to pay car loans
No job or income it was hard to pay back brokers
20
Large scale projects intended to increase jobs and business
Associative state
Water works
Public works
Reconstruction Finance Corp
21
Negative term for migrants heading out West
Okies
Smokies
Dokies
Westerners
22
What was the purpose of passing the Smoot-Hawley Tariff?
only allowed Mexico and Canada to trade with US
hoped to keep Am goods and jobs here
to increase income tax to help fund gov't
a way to help Europe pay back loans
23
Why did bank failures have an effect on Americans?
Ams could not purchase on credit
Many lost savings
Ams could not repay loans
Banks repossessed homes and farms
24
Where were the Okies headed?
Hoover dam
Atlanta
California
New York
25
In what ways did the Federal Reserve System (FRS) promote healthy economic activity?
Backed money with gold
set policies to regulate the money supply
decreased interest rates
allowed farmers to file bankruptcy
26
In the election of 1928 who was the Republican candidate?
Herbert Hoover
Theodore Roosevelt
Woodrow Wilson
FDR
27
What was Herbert Hoover's view on Prohibition?
All of the above
He didn't have a view
He wanted it repealed
He supported it
28
A period of rising stock prices
boom market
bear market
bull market
rocket market
29
Party that takes advantage of the anti-Hoover sentiments in 1930
Republicans
Green Party
Tea Party
Democrats
30
Why were there so many teenage hobos?
Some left on their own
ALL
Parents could not take care of them
Many were forced to live on their own
31
Large towns made up of shacks
Hills of Hoover
Shackvilles
Slums
Hoovervilles
32
Statistical data showing trends in the economy
economic indicator
stock returns
fuel indicator
market analysis
33
How did the RFC and Fed Home Loan Bank affect Ams?
provided less jobs in the long run
expansion of govt in the business of Am people
DID NOT WORK
only provided aid to banks not the people
34
Which of the following financial factors did NOT lead to the crash in 1929?
Speculation decreases
Stock prices continued to rise and rise
Speculation increases
Margin buying increased
35
What was the Federal Home Loan Bank?
new banks backed by gov't
None of the above
encouraged home building with lower interest rates
gov't loans to build houses
36
President during the GD
Horton hears a Who
Hoover vacuum
Herbert Hoover
Hoover the Mover
37
What did the Hoover Dam project's success demonstrate?
Hoover really was a good Pres
only jobs could be created in the West
power of partnerships between gov't and businesses
Hoover had no idea how to be Pres
38
Why were so many farms foreclosed?
as income rose, interest rates increased
as income dropped, loans could not be repaid
banks invested in stock marjet
dust bowl increased crop production
39
Which of the following is NOT an example of the false sense of security in the economy?
Corporate prices soared
Credit increased people's buying power
Unemployment was low
Stock prices decreased
40
What made Great Plains vulnerable to dust storms?
All of the above
Careless agriculture practices
Overproduction
Drought
41
Major cause of the Dust Bowl
Farmers left town to find jobs
Farmers were foreclosing on equipment and could not harvest
Farmers were broke
Farmers experienced drought conditions
42
What helped drive the expansion of the economy?
Cheap stock prices
Affordable healthcare
Automobile & growth of manufacturing
Telephones & TV's
43
Drove many banks out of business
loan failures
foreclosures
All
bank runs

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