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USH - Ch18: The Great Depression Begins Flashcards | StudBud
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USH - Ch18: The Great Depression Begins
USH - Ch18: The Great Depression Begins
20 terms
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#causesofthedepression
Flashcards
20 cards
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Practice quiz
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Questions
20
Answers
1
In 1929 bank deposits were not
federally inspected
federally insured
federally monitored
federally guarded
2
In 1929, 95% of Americans shared __% of the nations wealth
10
30
70
50
3
Who said, "we are nearer to the final triumph over poverty than ever before..."?
Herbert Hoover
Calvin Coolidge
Warren G Harding
Theodore Roosevelt
4
Some who put their money in the bank but never in the stock market still lost because
the bank invested their money in stocks
everyone loses at some point
the bank had poor customer service
the bankers stole their money
5
Americans who could not afford to buy stock at face value, did so on
mcgee
speculation
margie
margin
6
When did the stock market peak?
September 1929
Spetember 1929
November 1930
October 1930
7
Which is NOT a factor contributing to the great depression?
Stock Market Crash
Equal Distribution of Wealth
Poor government economic policies
Overproduction of Goods
8
Why is Alfred Smith remembered in American history?
He led the "bonus army" marches
He sounded the alarm about the financial crisis on wall st
He was the first catholic to be nominated by a major party
He shot and killed president Harding
9
How many banks had closed by 1932?
twelve
a lot
one in four
nearly all of them
10
When brokers realized the boom was over, they made
calls to arms
bank runs
call backs
margin calls
11
Who won the presidential election of 1928?
Calvin Coolidge
Herbert Hoover
Alfred Smith
Franklin D. Roosevelt
12
A bank run happens when
Brokers make margin calls too late
Bankers run away with people's money
the government shuts down banks with risky lending practices
Depositors all try to withdraw their money at once
13
The 1920's was a time of prosperity for all Americans.
False
True
14
What is a bull market?
a long period of stable stock prices
a long period of rising stock prices
a long period of falling stock prices
a long period of raisin stock prices
15
What did Congress promise WWI veterans?
a bonus of $100
a bonus of $1000
a bonus of $1300
a bonus of $10, 000
16
The 1920s is also known as
The renaissance of America
The women's liberation age
The jazz age
The roaring 20s
17
Which of the following marches happened during the great depression?
penny marches
bonus army march
hunger marches
civil rights marches
18
How much money did the stock market lose in value by November 1929?
$30B
$45B
$300M
$16M
19
Why did so many Americans continue to buy stocks?
they did so on pure circulation
because of speculation
because bankers made it easy for them to do so on margin
because it was easy to specialize in stock
20
Who took credit for the financial prosperity of the 1920s?
Republicans
Warren G. Harding
Calvin Coolidge
Democrats
