The Great Depression Begins

Which of the following is the BEST definition of the Great Depression?

• An economic slump from 1929 to 1940 in which the economy plummeted and unemployment skyrocketed

• A period of time in which agricultural workers and farmers lost their land

• A time of rapidly falling stock prices

• A crisis that the Hoover Government refused to help with

Which group of people suffered the most during the depression?

• Stockbrokers

• Industrial laborers

• Farmers

• Schoolteachers

Which of the following terms means a federal program where the government would buy crops at guaranteed rates, then sell them on the world market

• The Reconstruction Finance Corporation

• The Civilian Conservation Corps

• Direct Relief

• Price Supports

True or False: Calvin Coolidge signed price supports, lifting farmers out of the Depression by 1928

• True

• False

This is a period of rising stock prices, which encourages the buying of stocks

• Bull Market

• Bear Market

This is a period of falling stock prices, which encourages the selling of stocks

• Bull Market

• Bear Market

What are you doing if you only pay a small percentage of a stock's price, then borrow the rest from a broker?

• Taking out a loan

• Making a buyer's contract

• Buying on the Margin

• entering a bidding war

This was the day the stock market crashed - investors lost $30 billion, and speculators who bought on the margins couldn't pay their debts

• Black Friday

• Giving Tuesday

• Market Day

• Black Tuesday

What is it called when everyone tries to take their money out of the bank at once, causing the banks to run out of money and fail?

• A bank crash

• A bank holiday

• A bank run

• Black Tuesday

Which of the following government interventions is the highest protective Tariff in all of US History, which kept businesses from selling overseas?

• The Hawley-Smoot Tariff

• The Fordney-McCumber Tariff

• The Dawes Tariff

• The Hoover-Boulder Tariff