Great Depression

Which best explains the reason behind the Crash of '29

• Consumers were working too hard in the factories

• Americans lost their savings and could not pay their bills

• Factories closed when demand for products decreased

• Europeans started to import more American wheat

Consumer who borrowed money to buy more stocks were buying on

• a whim

• guarantees

• their feet

• margin

These shantytowns popped up in cities during the early part of the Depression

• Hoovervilles

• Rooseveltiums

• Wilsontowns

• Rye

Supply and demand: The point where the curves intersect is know as the

• Best price point

• Equilibrium price

• Lowest possible price

• The price is right

Supply and demand: Producers impact the supply curve

• True

• False

Supply and demand: If consumers want less of a product, the demand curve will move.

• True

• False

Based on our research, which two events cause a severe drop in the price of wheat in the 1930s

• A solar eclipse and the election of FDR

• The Block Sox scandal and Wembley stadium opened

• Farmers started using the One way Plow and demand for wheat went up

• Farmers overproduced wheat and demand for wheat dropped

In 1932, FDR defeated Hoover in what is referred to as a

• whipping

• landslide

• tight race

• close call

In his first inaugural address, FDR famously said "We have nothing to fear but ..."

• fear, itself.

• death and taxes.

• Mr. Hanlon.

• Adolph Hitler.

FDR's idea for a "New Deal" came from his Uncle Teddy's plan, called the

• Fantastic deal

• Lit deal

• Square meal

• Square deal