Great Depression

Which economic trend of the 1920s helped cause the Great Depression?

• rising cost of mass-produced goods

• increasing income tax rates

• installment buying of consumer products

• falling tariff rates

Which conclusion is best supported by the information in the graph?

• The level of automobile production remained constant.

• The average American family found the automobile too expensive to purchase.

• By 1929, most of the automobiles in the world were produced in the United States.

• Changes in economic conditions in the 1920s led to changes in automobile production.

“Black Tuesday” refers to the day when the

• Dust Bowl began.

• Stock Market crashed.

• banks were closed all day.

• Bonus Army broke up.

One reason the Stock Market crashed in 1929 was because people

• ignored stock prices.

• refused to be involved in the stock market.

• stopped selling stocks.

• panicked and tried to sell their stocks before prices fell even further.

Even before the Great Depression began, which group of people faced economic hard times?

• farmers

• consumers

• bankers

• investors

When the Great Depression began in 1929, the most common economic belief supported by the Republican Party and President Hoover was that

• an increase in spending would stimulate the economy.

• unemployed workers should receive unemployment benefits.

• the government should control of all industry.

• the economy would recover on its own so the government should not interfere.

Which speaker expresses the main idea of rugged individualism?

Speaker A: "Government ownership of business is superior to private enterprise."

Speaker B: "Strict government regulation of business practices is a means to insure the public good."

Speaker C: "Only through personal effort can wealth and success be achieved. People have to help themselves."

• Speaker A

• Speaker B

• Speaker C

• Speakers A and B

During the Great Depression, expressions such as Hoovervilles and Hoover blankets showed that President Hoover

• was blamed for the suffering of the poor.

• used the military to aid the poor.

• was seen as a role model.

• supported relief and public housing.

The Bonus Army, which marched on Washington in 1932, was formed by

• retired people who wanted a bonus retirement plan.

• WWI veterans who demanded a promised bonus ahead of schedule.

• labor union members who wanted a special holiday bonus.

• business leaders who wanted a bonus for keeping workers on the job.

This 1930’s Dorothea Lange photograph represents the

• escape from everyday life by going to see motion pictures.

• mood of “normalcy” after World War I.

• atmosphere of the Jazz Age.

• despair of many Americans during the Great Depression.