The Great Depression 1

A time in America following the roaring 20's where America experience rising unemployment that did not end until the onset of World War II. 

• New Deal
• Roaring 20's
• Great Depression
• Cold War 

-borrowing more money than could be repaid
-speculating in the stock market
-overproducing farm products
-overproducing industrial products
These events led to

• World War II
• The Great Society
• Hoover's re-election
• The Great Depression

The Great Depression was an economic slowdown in the 1920s and 1930s. Which of the following was one cause of the Great Depression in the United States?

• the end of the gold rush 
• the crash of the stock exchange 
• the ending of World War II 
• the high price of oil 

The Great Depression that began in 1929 hit farmers especially hard. Farmers had not been doing well in the 1920s and several years of severe drought turned the land into a "dust bowl." What was an immediate result of this?

• Many farmers decided to grow crops that did not use as much water.

• The government built large dams in the West for irrigation.

• Many farmers and their families lost their farms and moved west.

• The government helped farmers by buying their land and equipment.

On October 29, 1929 share prices on the New York Stock Exchange completely collapsed and partially caused the Great Depression.

• Black Thursday
• Black Tuesday 
• Black Friday
• Black Sunday 

Tags

CCSS.RF.3.3B

CCSS.RF.3.3C

CCSS.RF.3.3D

CCSS.RF.4.3A

CCSS.RF.5.3A

What is purchasing stock with borrowed money called?

• Buying stock brokers

• Buying on margin

• Buying on relief

• Buying on default

What was a basic cause of the Great Depression

• Continued increase in wages for workers

• Overproduction of crops

• Excessive profits for farmers

• overregulation of the stock market

All of the following were root causes of the Great Depression except

• Falling crop prices for farmers

• Overly generous wage increases in US factories

• A growing imbalance between rising productivity & purchase power

• Unsound banking practices

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

• An increase in defense spending would stimulate the economy

• Unemployed workers should receive Federal unemployment assistance

• The government should assume control of all industries

• The economy would recover on its own

What was President Hoover's belief that the problems of the Depression could best be solved by

• Nationalizing major industries

• Requiring businesses to pay minimum wage

• Relying mostly on private enterprise and individual initiative

• Creating government job programs