American History Chapter 26 Test Review

The Stock Market crashed on which date?

• December 7, 1921
• September 1, 1931
• October 29, 1929

Which of the following is an effect of the New Deal?

• It ended the Great Depression
• It helped the economy slowly start recovering
• It made the people suffer more

Describe the Tennessee Valley Authority.

• Built a series of dams to prevent flooding and sell electricity in Appalachia and created jobs
• Was used to give the homeless in Tennessee a place to live
• It was a government program that made people move to the valley regions of Tennessee

What does it mean to buy stock on Margin

• Buying stock on behalf of another person
• Buying stock for a fraction of its cost and borrowing against future profits
• Buying stock on credit, putting no money down initially

What does it mean to buy stock on Margin?

• Buying stock and borrowing all of the money to buy it.
• Buying stock for a fraction of its cost and borrowing against future profits
• Buying stock on behalf of another person

Which of the following did Hoover and most Republicans fear that government interference with the economy might do?

• Hurt the economy even more
• Cause Americans to go into debt
• Cause other countries to go further into debt

Which of the following describes a Hooverville?

• A location where President Hoover handed out Government relief
• Groups of makeshift homes in shantytowns
• Deserted towns filled with foreclosed businesses

Why did President Hoover not support giving relief?

• He feared it would bankrupt the country
• He feared it would make Americans too dependent on the Government
• He thought the Depression was not really happening.

Which of the following describes the Bonus Army?

• They demanded that the government give them jobs.
• They demanded wages for their service in World War One they had not been paid
• They wanted early payment of a bonus they were supposed to receive in 1945

What did the Smoot-Hawley Tariff do?

• It raised tariffs on exported goods
• It raised tariffs on imported goods
• It lowered tariffs on imported goods