Great Depression Quiz

Buying stocks on "margin" during the 1920s meant that you

• paid your broker for only a fraction of the stock's value

• allowed your broker to make all decisions on your $$

• Only invested in riskier, less stable stocks

• expected prices to go down so you could sell them for profit

Hoover's Reconstruction Finance Corporation (RFC) tried to help fight the depression by providing money for

• Foreign producers of goods

• Banks, Construction, and Farmers

• Sharecroppers in the South

• Universities and Vocational Schools

The majority of "hobo's" riding the rails during the Depression looking for work were

• immigrants

• teenagers

• African-Americans

• veterans

The Smoot-Hawley Tariff added to the problems of the Depression, as it did what?

• created low tariff's designed to help farmers

• created an increase in trade with Europe

• created a need for immigrant workers

• created high tariffs designed to protect industry

The first dramatic event caused by the Stock Market Crash of 1929 was

• the collapse of many US Banks

• the evictions of citizens from their homes

• the closing of schools and public services

• the 21st Amendment to end prohibition

In May of 1932, the Senate voted down a bill that would have

• given tax cuts to members of the military

• provided jobs for all US veterans

• guaranteed health care for all US veterans

• authorized payment of a cash bonus to WWI veterans

As a result of the economic collapse, some industries almost entirely shut down, such as

• textiles and grocery stores

• publishing and entertainment

• railroads and major ports

• construction and auto manufacturing

Prior to the Dust Bowl, many farmers made the mistake of growing only one major cash crop: that crop was

• barley

• corn

• wheat

• cotton

The name of the US officer responsible for aggressively driving the Bonus Army out of Washington DC

• John Pershing

• Douglas MacArthur

• Dwight Eisenhower

• George Patton

When companies make more goods than people can buy, causing a decrease in sales

• overproduction

• buying on margin

• speculation

• short-selling