Great Depression

Which event occurred on Black Tuesday?

• many factories closed

• many banks closed

• many people lost their homes

• the stock market crashed

What was the "New Deal" of the 1930s?

• a government program that gave free land to homesteaders

• a government program that helped women get the vote

• a government program that spread civil rights throughout the country

• a government program designed to help people during the depression

Which of the following statements best describes what happened on Black Tuesday?

• Stock prices fell and the stock market crashed.
• Bank runs forced many banks to close their doors.
• Federal troops attacked the Bonus Army marchers.
• The Supreme Court ruled that the NRA was unconstitutional.

A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later

• Speculation 
• Buying on Credit 
• Buying on Margin 
• Overproduction 

Explain the Stock Market Crash.

• People purchased stocks with credit, got scared and sold their stocks. There was no money to pay people their money
• People purchased stock
• People threw their money away

Which of the following European country faced the greatest economic challenges after WW I? 

• Austria
• Great Britian
• France
• Germany

How did the Stock Market Crash lead to the beginning of the Great Depression?

• 16 million stocks were shared in a single day that led to the loss of billions of dollars

• banks closed their doors to try to prevent a run on banks

• prices for goods increased so much that people couldn't buy basic items

• Herbert Hoover blamed the Stock Market Crash for the Great Depression

What was the name of the program created by President FDR?

• The Answer

• The Solution

• The New Deal

• The Right Deal

What happens when tariffs are added to imported products?

• The price of the imported product is determined by demand.
• The price of the imported product remains the same.
• The price of the imported product goes down.
• The price of the imported products goes up.

When tariffs (taxes) are added to imported products, what happens to international trade?

• It becomes a new program.
• It stays the same.
• It grows very well.
• It is discouraged.