Great Depression Review

During the ________ Americans did not have major concerns about the U.S. economy. 

• 1920s
• 1930s
• 1940s
• 1830s

This Republican candidate for President was elected in 1928. 

• John J. Pershing
• Alfred T. Mahan 
• Herbert Hoover 
• George Washington Carver

What allowed Americans to "live beyond their means" during the 1920s? 

• Savings bonds 
• Newly printed money 
• Free housing 
• Buying on credit

What event occurred on October 29th, 1929? 

• Joseph Stalin was elected President of the Soviet Union
• The Stock Market crashed 
• The U.S.S. Maine sank in Manilla Bay 
• Members of Congress signed the US Constitution

The day the Stock Market crashed is known as _______________. 

• Purple Thursday 
• No Money Monday 
• Red Friday 
• Black Tuesday 

What happened during the banking crisis? 

• Banks ran out of money and closed.
• Banks stop lending money for auto loans.
• The President declared that banks must close on Columbus Day.
• Banks began giving out free money.

Many people reduced the amount they spent on products. What did businesses do because of "reduced consumer spending"? 

• Hired more workers and increased production of goods.
• Fired and laid-off workers or reduced the number of hours they worked.
• Paid employees more. 
• Opened new factories and offices.

As Americans began to lose their jobs, what was one way they attempted to get money? 

• Robbing banks 
• Printing their own money 
• Stealing from the rich 
• Selling furniture or jewelry

Many Americans lost their homes during the Great Depression. Where did many of them end up living? 

• Muckvilles 
• Hoovervilles 
• Harleysville 
• Hoopertown

Farmers also experienced difficult times. What happened to the price of their crops? 

• The price of crops increased
• The price of crops decreased
• The price of crops stayed the same
• All crops died