The Great Depression

What does buying a stock on margin mean?

• purchasing the stock outside the regular stock exchange

• buying the stock for someone else

• paying less than the market price of the stock

• borrowing money to help pay for the stock

What is October 29, 1929 known as?

• Black Monday

• Black Tuesday

• Black Friday

• Day of Infamy

When the Dow Jones Industrial Average began to drop sharply in late October 1929,

• investors bought record shares of stock.

• bankers pardoned personal loans and mortgages.

• President Hoover warned Americans to stop investing.

• investors raced to get their money out of the stock market.

During the Great Depression, the overall unemployment rate was about

• 100 percent.

• 75 percent

• 25 percent.

• 10 percent.

In calling shantytowns "Hoovervilles," people conveyed their

• patriotism

• trust in Hoover.

• disgust/disrespect with Hoover.

• respect for Hoover.

Which was not a cause of the Dust Bowl?

• drought

• high winds

• thick layers of grass

• overproduction of crops

Which of the following was not an effect of the Great Depression?

• Many children had a poor diet.

• Many families became homeless.

• Many men became unemployed.

• Many people started farming.

During the Depression, African Americans, Hispanics, and Asian Americans

• made great strides in equal rights legislation.

• faced more discrimination.

• were less affected than other groups.

• were encouraged to start their own businesses.

Who made up the Bonus Army that marched on Washington?

• World War I veterans and their families

• farmers forced off their land by dust storms

• unemployed industrial workers and their families

• business and labor leaders who agreed to work together

Which candidates ran for president in 1932?

• Calvin Coolidge and Herbert Hoover

• Calvin Coolidge and Franklin

• Roosevelt C. Herbert Hoover and Alfred E. Smith

• Herbert Hoover and Franlin D. Roosevelt