EOC REVIEW: THE GREAT DEPRESSION

Which evidence showed that the prosperity of the 1920s was an illusion?

• . prices on consumer goods decreased

• overseas investments declined

• the income gap between workers and managers decreased

• many people increased their debt

What was a principle reason for rapid economic growth in the United States during the 1920s?

• prosperity of American agriculture

• increase of American imports

• development of many new consumer goods

• increased spending on defense

Which situation helped cause the stock market crash of 1929?

• excessive speculation and buying on margin

• unwillingness of people to invest in new industries

• increased government spending

• too much government regulation of business

Which economic trend of the 1920s helped cause the Great Depression?

• rising cost of mass-produced goods

• increasing income tax rates

• falling tariff rates

• widening income gap between the rich and the poor

Which factor contributed to the stock market crash of 1929?

• overspeculation

• government regulation of big business

• decreased investment in business

• increased agricultural prices

Which conditions are most characteristic of an economic depression?

• high unemployment and overproduction

• large business investments and low taxes

• too much money in circulation and high stock prices

• high employment and increased real estate investments

The march of the “Bonus Army” and referring to shantytowns as “Hoovervilles” in the early 1930s illustrate

• growing discontent with Republican efforts to deal with the Great Depression

• state projects that created jobs for the unemployed

• federal attempts to restore confidence in the America economy

• the president’s success in solving social problems

President Herbert Hoover’s response to the Great Depression was often criticized because it

• wasted money on new social programs

• caused widespread rioting and looting in major cities

• raised taxes on businesses and the wealthy

• failed to provide direct relief for the neediest persons

During the Great Depression, expressions such as Hoovervilles and Hoover blankets showed that President Hoover

• was seen as a role model

• used the military to aid the unemployed

• was blamed for the suffering of the poor

• supported relief and public housing for the needy

In the 1930s, shantytowns, often called “Hoovervilles,” sprang up across the United States because of President Herbert Hoover’s

• support for federal programs to provide jobs for the unemployed

• refusal to provide direct federal aid to the homeless

• efforts to help the residents return to their farms

• emergency relief program to provide food to the poor