The RFC lent money to banks so that

banks could lend money to businesses to increase production

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

Americans bought many consumer goods on credit

What economic condition did economist John Maynard Keynes believed caused the Great Depression?

lack of government intervention

The unemployment rate among African Americans was

nearly double the national rate

Why did the Bonus Army march on Washington, D.C.?

Congress refused to pay veterans their bonuses

Farmers contributed to the problems that led to the Dust Bowl by

using farming practices that removed protective grasses

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

Too many depositors tried to withdraw money all at once

Which factor contributed to the spread of the Great Depression overseas?

The United States reduced investments in Europe

Hoover responded cautiously to the Great Depression because he

thought the business cycle would correct itself

In 1929, the stock market crashed because

investors panicked and rushed to sell their shares

Both African Americans and Mexican Americans had a difficult time during the Depression because

they faced discrimination when competing for jobs

Why did volunteerism fail to fix the Great Depression?

Businesses and citizens acted in their own best interests

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The Great Depression

27 termsStudBud Administration176 plays

Chapter Review

Flashcards27 cardsFPractice quizPHost liveL

Questions 27

Answers

1
During the 1920s, the United States economy moved through which phase of the business cycle?
Everybody wants to rule the world
trough
expansion
peak
2
The RFC lent money to banks so that
banks could lend money to businesses to increase production
So sad they had to fade it
investors could engage in more stock speculation
depositors could withdraw all of their savings
3
a tax passed in 1930 on foreign products brought into the United States
Hawley-Smoot Tariff
I can't stand this indecision
Consumption Tax
Sin Tax
4
Which of these factors helped hide economic problems in the 1920s?
Americans bought many consumer goods on credit
Farmers sold crop surpluses to pay off their debts
Wages increased at the same rate as worker productivity
Everybody wants to rule the world
5
What economic condition did economist John Maynard Keynes believed caused the Great Depression?
Say that you'll never, never, never, need it
lack of government intervention
limits on production and spending
too much oversight of banking
6
which group experienced an early economic depression in the 1920s?
bank owners
Nothing ever lasts forever
farmers
industrial workers
7
U.S. President when the stock market crashed
Richard Nixon
We will find you acting on your best behavior
Herbert Hoover
Douglas MacArthur
8
the periodic growth and contraction of the economy
business cycle
It's my own desire
unicycle
mouse on a motorcycle
9
The unemployment rate among African Americans was
Nothing ever lasts forever
about the same as the national rate
nearly double the national rate
slightly lower than the national rate
10
World War I veterans who marched on Washington D.C.
Welcome to your life
Okies
tenant farmers
Bonus Army
11
the event of the stock market crash
Black Friday
Black Tuesday
Thorin Oakenshield
Help me make the most of freedom and of pleasure
12
Why did the Bonus Army march on Washington, D.C.?
General MacArthur attacked protestors demanding bonuses
Everybody wants to rule the world
Congress refused to pay veterans their bonuses
Hoover vetoed a bill providing for early payment of bonuses
13
Risky stock purchase
Even while we sleep
margin buying
Bilbo Baggins
speculation
14
European countries reacted to the Hawley-Smoot Tariff by
importing more American goods
Married with a lack of vision
increasing global trade
taxing American imports
15
government efforts to encourage or pressure Mexican immigrants to return to Mexico
Turn your back on mother nature
repatriation
speculation
Gandalf
16
the theory that money invested in banks and businesses will also reach and help workers
cost-push inflation
Help me to decide
demand-pull theory
trickle-down economics
17
Farmers contributed to the problems that led to the Dust Bowl by
All for freedom and for pleasure
putting down new layers of topsoil
using farming practices that removed protective grasses
damming western rivers and using irrigation techniques
18
Why did so many banks fail at the onset of the Great Depression?
Too many depositors tried to withdraw money all at once
One headline, why believe it?
Too many investors tried to open new accounts
The Federal Reserve put too much money into circulation
19
Which factor contributed to the spread of the Great Depression overseas?
The United States reduced investments in Europe
Holding hands while the walls come tumbling down
Congress lowered tariffs on foreign imports
Europe increased trade to the United States
20
Refugees from the Dust Bowl
There's no turning back
Muggles
Okies
Bonus Army
21
Hoover responded cautiously to the Great Depression because he
thought that "Everybody wants to rule the world"
was distracted by the giant dust storms in the Great Plains
thought the business cycle would correct itself
had no experience with business methods and economic theory
22
General who ordered federal troops to attack protestors with tear gas
George Creel
Douglas MacArthur
Franklin Roosevelt
Everybody wants to rule the world
23
In 1929, the stock market crashed because
the Federal Reserve increased the money supply
investors panicked and rushed to sell their shares
depositors made runs on the nation's banks
There's a room where the light won't find you
24
agricultural workers who do not own their own land
It's my own remorse
Ents
tenant farmers
sharecroppers
25
At the onset of the Great Depression, urban unemployment
Everybody wants to rule the world
increased dramatically
decreased slightly
stayed about the same
26
Both African Americans and Mexican Americans had a difficult time during the Depression because
they faced discrimination when competing for jobs
they were forced to move to northern cities to find work
When they do, I'll be right behind you
they had little community and family support
27
Why did volunteerism fail to fix the Great Depression?
Businesses and citizens acted in their own best interests
Present Hoover did not support the policy
The federal government took control of local relief efforts
So glad we've almost made it

The Great Depression Flashcards | StudBud