Great Depression Checkpoint Review

The Depression improved steadily during President Hoover's administration.

• True

• False

Blaming the president for their plight, newly homeless people established shantytowns they called Hoovervilles.

• True

• False

The Dust Bowl occurred primarily because farmers used poor farming techniques and there was a terrible drought.

• True

• False

During the 1920s, dust storms blackened the skies of the Great Plains for hundreds of miles.

• True

• False

"Okies" were usually farmers who sold their land for a lot of money and used it to travel to California and begin new lives.

• True

• False

The Reconstruction Finance Corporation marked the first time the federal government established an agency to stimulate the economy during peacetime.

• True

• False

When the Senate voted down a bill that promised the immediate payment of the $1,000.00 bonus to each veteran of WWI, the Bonus Army

• camped in vacant buildings in Washington D.C.

• burned down public buildings

• Marched to Oregon

• demonstrated in front of their state capitals.

The high protective tariff that contributed to the economic crisis was...

• Glass-Steagall Act

• The Dodd-Frank Bill

• Hawley-Smoot Tariff

• Textiles Tariff

Which of the following directly contributed to the economic instability of the United States in 1929? 

• The implementation of a personal income tax. 
• Overspectulation of the stock market. 
• New regulations on banking. 
• The elimination of import tariffs. 

This is the process of taking money borrowed from the bank or a broker, and putting it into the stock market

• Buying on Margin 
• Speculation 
• Buying on Credit 
• Overconsumption