Lesson 7.4 - Entering the Great Depression

Multiple Choice

What does it mean to buy something 'on margin'?

• To use borrowed money

• To use stolen money

• To have inside information about a company’s financial plans

Multiple Choice

Which was a cause of the stock market crash in 1929?

• People bought everything factories produced.

• Investors panicked when stock prices fell and sold their shares.

• Farmers did not produce enough food the year before.

Multiple Choice

What role did bank play in the causes of the Great Depression?

• Banks raised interest rates to the point of causing the economy to fail.

• Banks only made loans to the wealthiest Americans throughout the 1920s.

• Banks made loans to people who were unable to repay them, causing them to close up.

Multiple Choice

What effect did the Great Depression have on many businesses?

• Businesses closed after people lost their jobs and were unable to pay for products and services.

• Businesses were able to grow quickly after the government provided small companies with money.

• Businesses were able to grow quickly after the government provided small companies with money.

Multiple Choice

The Great Depression in the United States led to economic problems in countries around the world.

• True

• False

Multiple Choice

Which of the following was a social impact of the Great Depression?

• Automobiles became more popular.

• Jazz became a popular style of music.

• Marriage and birth rates decreased.

Multiple Choice

How did President Herbert Hoover initially respond to the economic crisis?

• He encouraged charities to help people who were struggling.

• He ordered Congress to create a program that would provide money to all Americans who were unemployed.

• He instructed the U.S. military to invade Canada, because they had a lot of gold.

Multiple Choice

In what way do public works projects improve the economy?

• Public works projects a way for the government to provide food for the hungry.

• Public works projects are a way for the government to provide jobs for people who are unemployed

• Public works projects are a way to establish new rules for banks to follow.

Multiple Choice

Why was the Bonus Army protesting in Washington, D.C.?

• They were World War I veterans who were protesting the lack of choice at soup kitchens in American cities.

• They were World War I veterans who were protesting discrimination against African Americans in the South.

• They were World War I veterans who were struggling financially and wanted the bonus they were promised to be paid early.

Multiple Choice

How did President Hoover handle the Bonus Army?

• He instructed Congress to give the veterans their bonus immediatley.

• He ordered the U.S. military to remove the protesters by force.

• He personally went and spoke with them while serving them soup and bread.