Causes of the Great Depression

Multiple Choice

What were the main causes of the Great Depression as outlined in the text?

• Reduction in Purchasing Across the Board

• Hoarding Money

• Sticky Prices/Wages

• The Gold Standard

Multiple Choice

Designed to protect American manufacturers actually ended up creating a decrease in trade worldwide ?

• Reconstruction Finance Committee

• Smoot Hawley Tariff

• New Deal

• Second New Deal

Multiple Choice

What tool - passed during the Hoover Administration -  designed to protect American manufacturers actually ended up creating a worldwide depression?

• Reconstruction Finance Committee
• Hawley-Smoot Tariff
• New Deal
• Second New Deal

Multiple Choice

What effect did the Smoot - Hawley Tariff bring during The Great Depression?

• Decreased International trade.

• Opened opportunities for farmers to effectively help banks with the shortage of money

• Companies were able to sell their goods overseas but couldn't get enough profit

• Foreign countries were able to help America with their economy

Open Ended

How did income inequality contribute to the Great Depression according to the text?

Multiple Choice

What were the three main mistakes made by the Federal Reserve that may have contributed to the Great Depression?

• Inflating the money supply too much

• Raising interest rates during a contraction

• Ignoring the stock market bubble

Fill in the Blank

The Fed's ability to change the money supply is part of ________.

Multiple Choice

What happened on "Black Tuesday", October 29, 1929 that created the "spark" for the Great Depression?

• Stock Market Crash

• Hitler invades Poland

• Riots break out across America due to poverty

• Banks begin failing and taking money from Americans

Multiple Choice

One reason that the stock market crash led to the Great Depression was that in 1929, the top 5 percent of all American households earned 30 percent of the nation’s income, an example of

• a bull market.
• a recession.
• overproduction.
• an uneven distribution of income.

Multiple Choice

What were the main effects of the Great Depression as described in the text?

• It led to the New Deal in America

• It caused the rise of extremism in Germany and Japan

• It had no significant effects

• It improved the economy

Multiple Choice

This political cartoon to the right illustrates one way in which the New Deal tried to solve the problems created by the Great Depression. What was is being suggested to solve these problems?

• To provide federal aid to the economy despite growing costs

• Reduce taxes on big businesses in hopes it would stimulate job growth

• Lower federal spending to maintain a balanced budget

• Decrease foreign competition in the economy

Multiple Choice

A lasting result of the New Deal was that it

• eliminated poverty in the US

• extended the merit system in the civil service

• destroyed the private enterprise system

• increased the size and power of the Federal Government

Multiple Select

Which of the following were the goals (aka: THREE R's) of the New Deal?

• Relief

• Reform

• Retribution

• Recovery

Multiple Select

What were the guiding principles of the New Deal economic policies?

• Pro-business tax breaks would solve the problems associated with urban poverty.

• Government must assume more responsibility in maintaining a strong economy

• Rugged individualism must be allowed to solve social inequality.

• Government must assume more responsibility for helping the poor.

Poll

How confident do you feel about this topic now?

• Very confident
• Somewhat confident
• Not confident