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The Great Depression Flashcards | StudBud

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The Great Depression

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The Great Depression

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Questions 7

Answers

1
Which of the following was NOT an effect of the Great Depression?
Many men became unemployed.
Many people started farming
Many children had a poor diet.
Many families became homeless
2
What does buying a stock on margin mean?
buying the stock for someone else
purchasing the stock outside the regular stock exchange
paying less than the market price of the stock
borrowing money to help pay for the stock
3
Who made up the Bonus Army that marched on Washington?
business and labor leaders who agreed to work together
unemployed industrial workers and their families
World War I veterans and their families
farmers forced off their land by dust storms
4
During the Great Depression, the overall unemployment rate was about
25%
40%
10%
5%
5
One long-range effect of the Great Depression was that many people
came to believe in small government
grew to like President Hoover
developed habits of saving and thriftiness.
became risk takers in the stock market.
6
After the stock market crash, how did President Hoover try to help the economy?
by funding handouts of food and clothing
by closing banks
by lowering tariffs
by asking businesses not to lay off employees
7
Which was not a cause of the Great Depression?
a crisis in the farm sector
tariffs on foreign goods
a growing number of homeless people
the availability of easy credit