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Hector - US Chp. 8
18 week assessment review questions
| Question | Answer |
|---|---|
| These became the mark of the failure of the Hoover administration | Hoovervilles |
| Over 16 million shares were traded on this day that was marked as Black Tuesday | October 29th, 1929 |
| Which institution felt the effects of the crash first? | Banks - because people rushed to take their money out of the banks? |
| What was Herbert Hoover's initial response to the Stock Market Crash? | He waited for the business cycle or the market to regulate the problem. |
| This group's unemployment rate was double the national average. | African-Americans |
| Farmers did this in response to falling prices that contributed to the Dust Bowl. | Expanded planting and harvesting more crops - tearing into more land. |
| The Dust Bowl conditions led many farmers to do what? | Leave for urban areas to look for work |
| This became the term used to describe all Americans that fled the Dust Bowl for the cities. | Okies |
| This economist claimed the Stock Market Crassh was due to lack of governmental oversight. | John Maynard Keynes |
| What was the intended purpose of the Hawley-Smoot Tariff Act | To push Americans to purchase more American goods. |
| What was the result of the Hawley-Smoot tariff act? | It failed because Europeans put tariffs on American-made goods. |
| Many southwestern citizens wanted the government to force Mexicans into this. | Repatriation |
| Uneven distribution of wealth contributed to the stock market crash because | The wealthy could not consume enough to keep economy going at such a high level |
| The ability to easily acquire credit in the 20's caused problems because.... | It signaled the economy that there was healthy consumption of goods. |
| The two main factors that contributed to the Dust Bowl were. | Overfarming of the land and an extended drought. |
| President Hoover asked the wealthy to give more to charitable donations relying on... | Volunteerism |
| Volunteerism was unsuccessful because | People acted out of self-interest and kept their extra in their homes. |
| Unemployment - never higher than 3.7% before 1929 was what in 1933? | 24.9% |
| President Hoover eventually gets involved and creates this. | Reconstruction Finance Corporation |
| The RFC planned to help the economy by | Give government loans to businesses and banks to stimulate the economy. |
| What major project was an example of how the RFC was supposed to work? | The Hoover Dam |
| What did banks and businessmen do with the government loans? | Replenished their vaults and paid down their debt. |
Created by:
scotthector
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