Great Depression/ New Deal

Why did banks fail after the stock market crash?

• large numbers of people trying to get their money out

• the Dust Bowl

• the rise of prices on consumer goods

What event began the Great Depression?

• The Great Migration

• Stock Market crash of 1929

• The Dust Bowl

The purpose of this was increased production and purchase of American goods

• The New Deal

• Margin Buying

• The Hawley-Smoot Tariff

The government planned to provide electricity to rural areas through which New Deal program?

• Tennessee Valley Authority (TVA)

• Civilian Conservation Corps. (CCC)

• Works Progress Administration (WPA)

What led to housing being called "Hoovervilles"?

• People loved President Hoover

• It was a patriotic term

• People did not like President Hoover

Which was not a cause of the stock market crash?

• stock pools

• margin buying

• government regulation of the market

Which New Deal program provided work projects for 18-25 year old males?

• Works Progress Administration (WPA)

• Tennessee Valley Authority (TVA)

• Civilian Conservation Corp (CCC)

The Bonus Army consisted of

• unemployed factory workers

• WWI Veterans

• Farmers

What is stock speculation?

• buying stocks in hopes of making a quick profit and not considering risks

• insider trading

• stock pooling

One sign that the economy was "sick" was

• high crop prices

• people living on credit

• a lot of government regulations