US: 39 - 41

Multiple Choice

What is a consumer?

• Someone who buys goods and services

• Someone who sells goods and services

• Someone who owns a business

• Someone who works at a bank

Multiple Choice

What is a budget?

• An estimation of income and expenses

• A financial plan

• A way to help save money

• All are correct

Multiple Choice

The most affordable car in the 1920s was

• The Oldsmobile

• Ford T-model

• Ford Mustang

• Chevy pickup truck

Multiple Choice

Which of the following best explains how consumer attitudes toward credit changed during the 1920s?

• Most Americans continued to view debt as shameful and avoided it.

• Americans increasingly accepted debt, using installment plans to buy products.

• Consumers relied mainly on government loans to finance their purchases.

• Americans borrowed less because wages rose enough to cover new products.

Multiple Choice

What major change occurred in stock market investing during the late 1920s?

• A. Most Americans stopped investing as stock prices fell below their real values.

• B. Investors focused less on company earnings and more on speculation for quick profits.

• C. Stock ownership decreased sharply, with fewer households participating in the market.

• D. Rising stock prices discouraged optimism about the future of the economy.

Multiple Choice

Which was NOT a LONG-TERM cause of the Great Depression?

• Buying stock on margin
• Stock market crash (Black Tuesday)
• too much production and consumer spending
• Laisezz-faire economic policies

Multiple Choice

What typically drives a bear market?

• Positive economic news

• Negative economic news

• Technological advancements

• Increased consumer spending

Multiple Choice

What is a common investor behavior in a bear market?

• Buying more shares

• Selling off investments

• Taking more risks

• Investing in new ventures

Multiple Choice

What event is commonly marked as the beginning of the Great Depression?

• Black Tuesday

• The Wall Street Crash

• The Fall of the Dow Jones

• The Great Slump

Multiple Choice

What was the immediate effect of the stock market crash on October 29, 1929?

• The stock market immediately recovered the next day.

• It led to an immediate increase in consumer confidence.

• It caused a panic and a massive sell-off of stocks.

• It had no significant effect on the stock market.

Multiple Choice

Hoover signed this tax that raised import costs to help American businesses; however, it did not work.

• Business Tax

• Import Tax Bill

• Hoover Tariff

• Hawley-Smoot Tariff

Multiple Select

The Homestead Act:

• Encouraged westward settlement

• Granted 160 acres to every head of household

• Created Native Tension

• was an act which granted land to Natives

Multiple Choice

Which of these is an example of erosion?

• Light shinning onto a mountain

• Rain breaking down rock

• Wind blowing away sediment

• All of the above

Multiple Choice

During the Great Depression, there was a severe drought in the Great Plains. Strong prairie winds picked up the topsoil and spread dust everywhere. Many farm families packed everything up and moved west. What was this event called?

• Dust Bowl
• Salad Bowl
• Great Plains Panic
• Depressing Dust

Multiple Choice

How is the Dust Bowl and the Great Depression related?

• Both events caused Americans to struggle financially
• Both events caused riots throughout the nation
• Both events led to World War II beginning 

Multiple Choice

Hoovervilles were

• a great place to live
• shacks and tents made from anything people could find
• a wealthy neighborhood of SOHO
• cities with a lot of unemployment

Multiple Choice

What was a common factor among Hooverville residents?

• Wealth

• Unemployment

• Political influence

• Education

Multiple Choice

Which states were hurt most by the Dust Bowl?

• Texas, Oklahoma, New Mexico, Colorado, Kansas

• Maine, Massachusetts, Vermont, Connecticut, New Hamshire

• Alaska, Hawaii, Washington, Oregon, Idaho

• Florida, Georgia, Alabama, Louisiana, South Carolina

Multiple Choice

How did Okies get there nickname?

• They were from Oakland

• They were from Texas

• They were from Mexico

• They were from Oklahoma