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Depress
Depress
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Dep
Flashcards
25 cards
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Practice quiz
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Questions
25
Answers
1
What does buying a stock on margin mean?
purchasing the stock outside the regular stock exchange
borrowing money to help pay for the stock
buying the stock for someone else
paying less than the market price of the stock
2
What term best describes what you see in the photograph below?
The New Deal
The stock market “crash”
Hoovervilles
The Dust Bowl
3
All of the following were important causes of the Great Depression EXCEPT
the federal government did not insure people's bank accounts
tariffs on foreign imports lowered
the stock market crashed
overspeculation-market was based on credit instead of value
4
Which of the following was NOT an effect of the Great Depression?
Many families became homeless.
Many men became unemployed.
Many children had a poor diet.
Many people started farming.
5
Within a few years, the Hawley-Smoot Tariff Act led to
Hoover's reelection as president.
a dramatic drop in world trade.
more demand for American manufactured goods.
an unequal distribution of income in the United States.
6
What was the dust bowl?
Deadly dust that took place in the Great Plains
The location where the Hoover Dam was built
A bowl of soup for the poor
FDR's new plan to end the Great Depression
7
The British economist that said massive government spending could help a collapsing economy was
John Maynard Keynes
Burt B. Brock
Franklin D. Roosevelt
Herbert Hoover
8
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 foreign tariffs
by asking businesses not to lay off employees
9
Stock Speculation is when someone buys a stock hoping to make a large profit when they sell it
Don't choose me or you will get the question wrong!
False
True
10
Who said to America, “...the only thing we have to fear is fear itself?”
Franklin D. Roosevelt
Barack Obama
Herbert Hoover
Woodrow Wilson
11
Which was NOT a cause of the Dust Bowl?
overproduction of crops
thick layers of prairie grasses
drought
high winds
12
Which candidates ran for president in 1932?
Herbert Hoover and Franklin D. Roosevelt
Roosevelt C. Herbert Hoover and Alfred E. Smith
Calvin Coolidge and Herbert Hoover
Calvin Coolidge and Franklin
13
During the Depression, African Americans, Hispanics, and Asian Americans
were encouraged to start their own buisnesses.
made great strides in equal rights legislation.
were less affected than other groups.
often lost jobs to white laborers.
14
What is October 29, 1929 known as?
Bull Tuesday
Black Tuesday
Black Friday
Black Friday
15
During the Great Depression the overall unempoyment rate was about
10 percent
25 percent
75 percent
100 percent
16
Which one of these writers was known for writing books set during the Depression?
Stephen King
Tony Galahand
John Steinbeck
J.R.R. Tolkien
17
Who made up the Bonus Army that marched on Washington?
World War I veterans and their families
business and labor leaders who agreed to work together
farmers forced off their land by dust storms
unemployed industrial workers and their families
18
The 1932 presidential election served as a turning point in the way Americans viewed
the responsibilites of the federal government.
presidential elections.
the Bill of Rights.
local relief programs and private charities.
19
How did President Hoover respond to the Bonus Army?
by enlisting them in the Army
by destroying their Hooverville camps with the U.S. military
by paying the veterans early
by offering the veterans work, food, and a place to live
20
Herbert Hoover's approach to the Depression economy was based on a belief in
seperation of church and state
the golden rule
direct goverment relief
voluntary cooperation
21
Farmers were especially hard-hit by the Depression
as it was coupled with the Dust Bowl drought
since low crop prices wiped out potential profits
because they had huge debts from purchasing machines & land
all of the above
22
An example of the
psychological stress
caused by the Great Depression was the rise in...
the number of women who worked outside the home.
the number of children who were malnurished.
the number of men who stood in bread lines.
the number of people who commited suicide.
23
In calling shanytowns "Hoovervilles", people conveyed their
trust in Hoover.
grudging respect for Hoover.
patriotism.
disgust with Hoover.
24
What is it called when the prices of stocks are expected to rise?
Bull Friday
Bull Market
Bear Market
Black Market
25
When the Dow Jones Industrial Average began to drop sharply in late October 1929...
President Hoover warned Americans to stop investing.
investors raced to get their money out of stock market.
investors bought record shares of stock.
bankers pardoned personal loans and mortgages.