Great Depression/ New Deal Review

Through the 1920’s, many stock holders engaged in ______________, or buying stocks and bonds on the chance of a quick profit, while ignoring the risks.

• mortgaging to buy
• buying on credit
• speculation
• buying on margin

October 29, 1929, the day the bottom fell out of the stock market, became known as ___________________.

• Black Tuesday
• Cyber Monday
• Red Wednesday
• Black Friday

Which of these was NOT true of the Hawley-Smoot Tariff?

• It reduced unemployment in industries that exported goods to Europe.
• It contributed to world trade falling by more than 40%.
• At the time, it was the highest protective tax in American history.
• It was designed to protect American farmers and manufacturers from foreign competition

What was another term for the shantytowns that sprang up during the Great Depression?

• Soup Kitchens
• Hoovervilles
• favelas
• Coolidge Cabins

Which of these was NOT a cause of the Dustbowl?

• loss of grasses and their root systems
• drought
• the stock market crash
• overproduction of crops

During the Depression’s early years, there was no federal system of _________, or cash payments or food provided by the government to the poor.

• health insurance
• food stamps
• social security 
• direct relief

Which of these best describes the goal of the Bonus Marchers?

• Hoover wanted to pay bonuses to families to who struggled during the Depression
• soldiers wanted to provide bonus protection for the president
• citizens wanted the government to pay promised bonuses to World War 1 widows
• veterans of World War 1 wanted to receive promised bonuses early

Which of these was NOT a result of the Bonus March of 1932?

• soldiers gassed more than 1,000 people
• an 11-month-old baby died
• the Patman bill was passed
• American people became even angrier at Herbert Hoover

Which of these was NOT an effort by Herbert Hoover to help Americans through the Great Depression?

• He encouraged farmers to engage in peaceful protest, such as boycotting markets and declaring a “farm holiday.”
• He helped create the Federal Farm Board, an organization of farm cooperatives intended to raise crop prices.
• He backed the creation of the Reconstruction Finance Corporation, which authorized $2 billion for emergency financing for banks and other financial institutions.
• None of these were efforts by Herbert Hoover.  He did absolutely nothing to help the nation out of the Great Depression.

Which of these did NOT occur during the Great Depression

• schools closed
• world economy improvised
• banks failed
• unemployment increased