Causes and Course of the Great Depression

Causes and Course of the Great Depression

Quiz Review

Multiple Choice

If borrowers cannot repay their loans, what happens to them?

• They must get another loan.

• They must sell everything to pay the loan.

• They must never repay the loan.

• They must move to another country.

Multiple Choice

What did farmers do after WWI that caused many of them to lose their farms?

• They cut back on farm production.

• They sold their farms.

• They went off to war.

• They continued to overproduce.

Multiple Choice

What happens to the value of your crops when you continue to overproduce them?

• The value increases.

• The value stays the same.

• The value decreases.

• Farmers become rich.

Multiple Choice

What happens when tariffs are added to imported products?

• The price of the imported product is determined by demand.
• The price of the imported product remains the same.
• The price of the imported product goes down.
• The price of the imported products goes up.

Multiple Choice

True or False : Americans over speculated on stocks.

• True

• False

Multiple Choice

What happened to many people who saved money in banks?

• They grew rich.

• They made counterfeit money.

• They saved a lot of money.

• They lost everything.

Multiple Choice

When banks loaned money to people to buy stocks:

• Buying on margin

• Buying on credit

• Stock forgiveness

Multiple Choice

When the economy is expanding, leading to a rise in stock prices and increased investing, the market is described as a...

• DOW-JONES Cycle

• Bear Market

• Boom-Bust Cycle

• Bull Market

Multiple Choice

Which of the following statements best describes what happened on Black Tuesday?

• Stock prices fell and the stock market crashed.
• Bank runs forced many banks to close their doors.
• Federal troops attacked the Bonus Army marchers.
• The Supreme Court ruled that the NRA was unconstitutional.

Multiple Choice

In the 1930's, people would line up at ____________ to get food.  These were normally run by charities.

• churches
• businesses
• soup kitchens
• work

Multiple Choice

What effect did the Dust Bowl storms have on the Great Depression?

• Many farmers were forced to leave the Great Plains.
• Unemployment decreased gradually.
• Many homes long the Mississippi River were flooded.
• Hoover was re-elected as president.

Multiple Choice

Dust storms could cause livestock and human deaths caused by suffocation.

• True
• False

Multiple Choice

Poor farming practices (techniques) caused soil __________.

• preservation
• erosion
• retention
• production

Multiple Choice

Severe ________ played an important part in the creation of the Dust Bowl.

• droughts

• rainfall

• tornados

• thunderstorms

Multiple Choice

What was the outcome of the Bonus Army's march to Washington D.C.?

• Congress granted them partial payment with the balance to be paid in 1945.

• They were allowed to take out loans against their promised bonus.

• Although the House of Representatives passed the bill to distribute the bonus early, it failed to pass the senate with the marchers eventually being forcibly removed by the army.

• They were granted their payment early.

Multiple Choice

Why did the Bonus Army of WWI Veterans march to Washington D.C.?

• They wanted their promised compensation payment in 1932 rather than in 1945 when it was slated to be distributed.

• They wanted to re-enlist in the army, so at least they would have food and a place to sleep.

• They wanted to hold President Hoover a prisoner until he began to distribute direct payments to the unemployed.

• They wanted to show President Hoover that they supported him for re-election.

Multiple Select

President Hoover is often accused of "doing nothing" during the Great Depression. Which of the following did he do?Select all that apply.

• Spent government money on many public works such as construction of bridges, roads and dams.

• Encouraged charitable organizations to provide aid such as Red Cross and Salvation Army.

• Urged businesses to maintain employment and wages.

• Created organizations to provide credit to farmers and home owners , so they wouldn't lose their property.

Multiple Choice

Who was President of the US when the stock market crashed and Depression began?

• Theodore Roosevelt
• Franklin D. Roosevelt
• Herbert Hoover
• William McKinley