Great Depression Review

True or False. The 1920s of the US were called the Roaring 20s due to financial prosperity of the time?

• True

• False

Overproduction of food, falling of food prices, a third of farmer's closing, and the erosion of soil quality were the results of what?

• Rising Consumerism

• The Farmer's Depression

• World War I

• Rapid Speculation Of Stocks & Land

1920s consumer spending rose rapidly with millions of Americans growing increasingly in debt to get what new household needs?

• Cars

• Televisions

• Refrigerators

• Electricity

What is it called when you believe that stocks and land will continue to rise even without evidence?

• Stonks

• Risk Reward Ratio

• Speculation

• Short Selling

Presidents Harding, Coolidge, & Hoover practiced what government philosophy that believed government and the economy should be seperate?

• Communism

• Neo-Conservatism

• Mixed Market Capitalism

• Laissez-Faire

Following the start of the Depression what happened to the value of homes?

• Increased By 25%

• Decreased By 50%

• Decreased By 25%

• Stayed The Same

Which president implemented the New Deal in order to help stop the Depression?

• Herbert Hoover

• Franklin Roosevelt

• Douglas McCarthy

• Josef Stalin

Mark all of the ways that the Great Depression made life difficult for the average American household?

• Massive Government Spending Increased The National Debt

• Bank Rushes Resulted In The Collapse Of Half Of The Nation's Banks

• Increases To Military Spending In Order To Curb The Rise Of Fascism Diverted Funds From Social Services

• Declines In Consumer Spending Resulted In Massive Layoffs With 1 In 4 Americans Being Unemployed

What event had crippled the economies of UK, France, and Germany before the 1920s?

• World War I

• Industrial Revolution

• The Communist Revolution

• Rise Of Democracies

The rise of fascism started in this country with the "Black Shirts" coup led by Mussolini?

• Germany

• USSR

• Italy

• France