Chapter 23 The Great Depression Complete

Beginning in February 1928 and lasting through most of 1929, the American stock market

• slowly declined in value

• saw the average price of stocks rise slightly

• saw the number of shares traded daily soar

• rapidly lost value

• saw brokerage firms restrict credit to those buying

All the following factors contributed to the Great Depression EXCEPT

• weak consumer demand

• conservative banking policies that restricted the availability of loans.

• a lack of diversification in the United States economy.

• a maldistribution of purchasing power

• an unstable European economy

In the late 1920s, the European demand for agricultural and manufacturing goods from the United States was

• steady

• rising

• chronically unstable

• declining

• essentially nonexistent

After 1929, in the face of the worsening global economic crisis, the United States

• refused to alter the payment schedule of debts owed by European nations to America

• forgave the debts owed by European nations to America

• demanded immediate payment of all debts owed by European nations to America

• forgave the debts owed by former allies during the War, and reduced the debts of other nations

• reduced the debts owed by European nations to America

The severity of the Depression increased in 1931 when the Federal Reserve Board

• weakened the value of the dollar

• closed all financially-ailing banks

• raised interest rates

• declared bankruptcy

• expanded the money supply

In 1932, the unemployment rate in Toledo, Ohio, was one of the worst in the nation, at

• 80%

• 95%

• 40%

• 70%

• 60%

During the Great Depression in the rural United States,

• the farm economy could not keep up with consumer demand

• farmers enjoyed several unusually fertile growing seasons

• farm income dropped by twenty-five percent

• one-third of all farmers lost their land

• economic conditions were slightly better than in industrial cities

The “Dust Bowl” in the 1930s

• experienced years of heavy rainfall

• stretched from Kansas to California

• was a product of changing environmental conditions

• was created by grasshoppers

• was created by the national economic collapse

During the 1930s, southern rural blacks who moved to northern urban areas

• could easily find domestic service jobs that no whites wanted

• generally experienced conditions that were in most respects little better than in the South

• faced blatant discrimination, much as they had in the South

• joined the NAACP in large numbers

• None of these answers is correct

In the 1931 Scottsboro court case,

• black teenagers were accused of rape by two white women

• a Georgia jury convicted all of the black youths

• the Supreme Court reaffirmed the death penalty convictions

• All these answers are correct

• eight of the convicted youths were executed for crimes they did not commit