The Great Depression

The president known as the "Boy Wonder," who won the election of 1928 and was blamed for the Great Depression.

• Herbert Hoover

• Franklin Roosevelt

• Calvin Coolidge

• Woodrow Wilson

This president felt that "Rugged Individualism" would get Americans through the Great Depression and government intervention wasn't needed.

• Herbert Hoover

• FDR

• Calvin Coolidge

• Warren Harding

The 1929 Income Tax cut did little to help Americans during the Great Depression because

• Taxes were already low and it barely saved anyone money.

• The wealthy saved their tax cuts instead of using it to help the economy.

• None of the above

• All of the above

This act backfired and caused a trade war.

• Homestead Act

• Income Tax Act

• Hawley-Smoot Tariff Act

• None of the above

Known as being ultimately being a good idea, this was deemed "too little, too late." It tried to use the trickle down theory of indirect relief in order to help Americans regain jobs.

• Hawley-Smoot Tariff Act

• Income Tax Act

• Reconstruction Finance Corporation

• Federal Farm Board

Herbert Hoover won his reelection in 1932 over Franklin Delano Roosevelt.

• True

• False

Which of the following were causes of the Great Depression?

• Overproduction

• Easy credit that allowed for the purchase of things without cash

• Installment plans that allowed for the purchase of things without cash

The loss of property because of mortgage default is known as

• monopoly

• capitalism

• recession

• foreclosure

Isolationism caused a reduction in trade.

• True

• False

A slow down in the economy for two consecutive quarters or 6 months in a row is known as a _____.

• depression

• recession

• recovery

• prosperity