The Great Depression

The day the stock market crashed is known as:

• Black Monday
• Black Tuesday
• Black Wednesday
• Black Thursday

FDR's plan to fix the American Economy was called:

• The New Deal
• Reaganomics
• Economic Injection
• The "band-aid" Solution

Buying on margin means:

• buying stocks at a fraction of their price, with the promise of paying the rest later
• planning out your budget to make sure you have enough to get by
• Buying a few stocks from many companies to ensure profit
• Pouring all of your money into one stock in order to ensure profit

This president was blamed for not doing enough during the Great Depression, so much so that shanty towns were named after him

• Hoover
• Roosevelt
• Wilson
• Polk

How did the Great Depression affect workers?

• One-half of workers were unemployed
• Workers’ incomes rose to high levels
• One-fourth of workers were without jobs
• Workers were able to afford luxury items

How is the Dust Bowl and the Great Depression related?

• Both events caused Americans to struggle financially
• Both events caused riots throughout the nation
• Both events led to World War II beginning 

Which of the following was a major cause of the Great Depression?

• overproduction and underconsumption
• a decrease in the supply of consumer goods
• an increase in demand for imported products
• an increase in the price of wheat on the world market

Who was the President of the United States when the Stock Market crashed?

• Franklin D. Roosevelt
• Herbert Hoover
• Woodrow Wilson
• Theodore Roosevelt

During the early 1930s, the main goal of the Bonus Army was to pressure the Hoover administration to

• strengthen the nation’s defenses
• end the military draft
• bring American troops home from overseas
• support the early payment of money promised to veterans

What was the main reason for the emergence of “Hoovervilles” like the one shown in the photograph?

• Many Americans had lost jobs during the Great Depression.
• Thousands of homes had been destroyed by the effects of the Dust Bowl.
• Housing projects could not keep up with the demand for homes needed by the poor.
• Preparations for World War I had created a shortage of building materials.