The Great Depression Begins

What was a breadline?

• the common term for the eviction of a person who defaulted on their mortgage

• a long line of poor people waiting for free food

• a line of credit extended to out-of-work families

• the line of people rushing to get into a bank and withdraw their money

Young men and boys who rode railways from one place to another in search of a better life were called _______.

• bailiffs

• hoboes

• wanderers

• migrants

What caused the Dust Bowl?

• A massive drought that turned uncultivated land into dust that blew across hundreds of miles.

• Farmers planted too much wheat and had to burn the surplus to keep prices up.

• Farmers constantly cultivated the land in order to help it retain the moisture.

• A series of tornadoes across the Great Plains destroyed crops.

What were "Okies"?

• people who visited the homeless camps and gave away free food

• sports teams who put on free games for the poor

• farmers from Oklahoma who had lost their land and headed west

• bankers who lost everything in the market crash and were homeless

Buying on margin was a method of buying stocks

• with mostly borrowed money.

• without using a broker.

• by pooling money with others.

• without any risk.

During the Depression, newly homeless people put up communities of shacks they called

• hobo towns.

• Hoovervilles.

• Bonus Armies.

• Okie towns.

The day the stock market crashed is known as:

• Black Monday
• Black Tuesday
• Black Wednesday
• Black Thursday

Which of the following was a major cause of the Great Depression?

• overproduction and underconsumption
• a decrease in the supply of consumer goods
• an increase in demand for imported products
• an increase in the price of wheat on the world market

Who was the President of the United States when the Stock Market crashed?

• Franklin D. Roosevelt
• Herbert Hoover
• Woodrow Wilson
• Theodore Roosevelt

Tags

CCSS.RL.7.9

CCSS.RL.8.9

When the economy is expanding, leading to a rise in stock prices and increased investing, the market is described as a...

• DOW-JONES Cycle

• Bear Market

• Boom-Bust Cycle

• Bull Market