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U.S. History
The Great Depression
| Question | Answer |
|---|---|
| During the 1920s the United States economy moved through which phase of the business cycle? | Expansion |
| In 1929 the stock market crashed because? | Investors lost confidence in the market and rushed to sell their shares |
| People likely abandoned this place because? | The land could not be farmed |
| Which of these factors helped hide economic problems in the 1920s? | Americans purchased many consumer goods on credit |
| What event occured on Black Tuesday? | Investors sold more than 16 million shares of stock |
| Which group experienced an early depression in the 1920s? | Farmers |
| European countries reacted to the Hawley Smoot Tariff by? | Passing high protective tariffs |
| What economic condition did economist John Maynard Keynes believe caused the Great Depression? | Lack of government intervention |
| Which of these factors contributed to the plight of rural farmers? | Falling prices for crops and livestock |
| Farmers contributed to the problems that led to the Dust Bowl by? | using intensive farming practices hat removed protective grasses |
| The unemployment rate among African Americans was? | Nearly double the national rate |
| President Hoover responded cautiously to the Great Depression because he? | Thought that the business cycle would correct itself |
| The policy of volunteerism called for which of the following? | Public works programs |
| Some Americans blames the Great Depression on? | Capitalism |
| In may 1932 the Senate voted down a bill that would have? | Authorized early payment of WW1 veterans bonuses |
| Why did many Americans decide that the country needed new leadership in 1932? | President Hoovers volunteerism and trickle down economic policies had failed |
| Both African Americans and Mexican Americans had an especially difficult time during the Great depression because they? | Faced discrimination when competing with white Americans for a limited number of jobs |
| Why did the Bonus Army march on Washington D.C.? | President Hoover vetoes a bill providing for early payment of bonuses |
| Stock prices first began to decline in late 1929 because? | Investors began to sell their stock |
| Farmers on the Great Plains began to lose their crops during the Great Depression because? | A terrible drought dried the soil |
| A long period of rising stock prices is known as a? | Bull Market |
| Thousands of WW1 veterans came to Washington in 1932 to lobby Congress to? | Pass legislation giving their promised bonuses |
| Why did volunteerism fail? | Businesses and citizens acted in their individual best interest |
| A major contribution to Herbert Hoover's landslide victory in the 1928 election was? | The prosperity of the 1920s |
| Before the late 1920s stock prices | Generally reflected the stocks true value |
| Most economists agree that a key cause of the Depression was? | Overproduction |
| In search of work or a better life during the Depression, many unemployed people? | Rode the rails to find jobs |
| The original purpose of the Reconstruction Finance Corporation (RFC) was to ? | Make loans to business |
| Buring on margin was a method of buying stocks with? | Mostly borrowed money |
| President Hoover wanted state and city governments rather than the federal government to provide what to impoverished families? | Relief |
| Why were banks one of the first institutions to feel the effects of the stock market crash? | People began to lose confidence int he economy and frightened depositors began to remove their money from banks |
| The Hawley Smoot Tariff dampened commerce on? | Both sides of the Atlantic |
| During the Depression, charities set up what to give the poos a meal? | Soup kitchens |
| Newly | |
| World War 1 veterans who marched to demand payment of money promised by congress | Bonus Army |
| Dust Bowl refugees who moved westward to find work | Okies |
| Risky stock purchases made by investors with the hope of high returns | Speculation |
| President when the stock market crashed | Herbert Hoover |
| Wrote The grapes of wrath about a family fleeing the Dust Bowl | John Steinbeck |
| General who dispersed protesters in the capital by ordering federal troops to fire on them with tear gas | Douglas MacArthur |
| The periodic expansion and contraction of the economy | Business cycle |
| Agricultural workers who work on land owned by someone | Tenant farmers |
| The theory that money invested in banks and businesses will work its way through the system to laborers | Trickle down economics |
| The occasion of the stock market crash | Black Tuesday |
| Many depositors withdrawing money at once | Bank run |
| Homeless wanderers who often rode the rails | Hobos |
| Loss of property due ot nonpayment of a mortgage | Foreclosure |
| Buying now and making payments each month | Installment plan |
| Communities of makeshift shacks on public lands | Shantytowns |
| Drought related conidtions on the Great Plains | Dust Bowl |
| Money that went directly to impoverished families | Relief |
Created by:
rubioal