Great Depression Review

What is the Great Depression?

• Recognition of Mental Health Awareness in the United States and World.

• Beginning of prohibition in the United States and the world.

• The collapse of the United States and world economies beginning in 1929

• When farming in the United States was extremely profitable.

Which is true about the 1920's?

• People prepared themselves for what to expect during the Great Depression.

• People saved all their money, knowing that something bad would happen.

• People were spending more money than they had.

• People didn't want to go out after surviving the Spanish Flu.

T/F A bank panic occurs when many depositors rush to the bank to withdraw their money at the same time.

• True

• False

What was the name of the people who moved from Oklahoma to the west during the Dust Bowl?

(a)  

T/F Buying on credit helped end the Great Depression.

• True

• False

What was the Dust Bowl?

• This is another name for taking out loans before the Great Depression.

• It was a type of product made during the Great Depression that became very popular.

• It was a wind storm that destroyed farmers' crops and buried people's houses, forcing many to move to the west.

• It was when snow and dirt mixed together to make items in the Great Depression.

What happened on 'Black Tuesday'?

• There was a sale at the banks and many people stood in line.

• Many people went to the banks to get their money back because stocks fell.

• A big dust storm destroyed the banks and everyone's money.

Which of the following is a sign of 'False Prosperity' in the 1920's? (3 answers)

• Many people got sick.

• Many people were healthier.

• Stock prices and wages went up.

• Employment was high.

• Farmers have to move from Oklahoma to the west.

What was the date of the historical stock market crash?

• October 29, 1929

• November 28, 1930

• January 1, 1990

• February 3, 1900

How many banks failed from 1929-1933?

• 50

• 2,500

• 5,000

• 76,000