USH-U8-Great Depression

Unions were weak in the 1920s partially bc they were associated with:

• reds / socialism / anarchist

• religious fundamentalism

• high consumer spending

• laissez faire policies

Which of these words do NOT refer to Russians or the Russian Revolution of 1917?

• communism

• Bolshevism

• fundamentalism

• anarchism

What did the Bonus Army want?

• an early payment for military service

• to join a labor union

• to fight communism

• America to join the League of Nations

What did the Bonus Army's clash with the real army do to Hoover's reputation?

• it made him look strong

• it made him look bad

What is the date of Black Tuesday?

• 11-11-18

• 08-14-14

• 09-14-39

• 10-29-29

Overproduction of farm goods did what?

• encouraged more people to become farmers

• decreased farmer's incomes

• promoted rural development

• increased personal spending for farmers

What is a "run on a bank"?

• when banks are giving out cheap loans to the first 100 customers

• when banks have kept all their deposits on hand

• when banks lose money on speculation and people fear they won't have access to their deposits

• when you chasing them bags!

What is buying stock on margin?

• buying stocks with cash only

• buying only low risk stocks

• buying stock in major corproations

• buying stock with cash and credit

The famous Smoot-Hawley tariff act had what outcome?

• strengthened American trade with Europe

• led to DECREASE in international foreign trade

• led to INCREASE in international foreign trade

• raised prices of American farm products

The purpose of the Smoot-Hawley Tariff was...

• to lower prices of American farm goods

• to raise prices of American farm goods

• to lower prices of imported (foreign) farm goods

• to raise prices of imported (foreign) farm goods