Great Depression Quiz

A sustained, long-term decline in economic activity is known as a

• recession

• depression

• bull market

• stock market

Which of the following was NOT a cause of the Great Depression?

• Overspending

• Buying goods on credit

• World War I

• Stock market crash

Purchasing stocks with borrowed money was known as

• buying on credit

• a bull market

• buying on margin

• overspeculation

The primary job of the Federal Reserve is to

• regulate the money supply

• ensure people invested in the right companies

• make it easier to take out loans

• supervise banking activity

How did the Great Depression have an impact on families? (SELECT ALL THAT APPLY)

• People lost their jobs

• People became homeless

• Families were often split apart

• People had more available resources

A loose network of transactions where shares of a company are bought, sold and/or exchanged is known as the

• bull market

• bear market

• economy

• stock market

The total value of monetary assets in an economy during a specified period of time is called the

• stock market

• economy

• money supply

• federal reserve

Which of the following was NOT a reason the American people were upset with the Hoover administration in the early stages of the Great Depression?

• The depression got worse under their leadership

• They did very little to help struggling Americans

• Hoover refused to pay military bonuses for WWI veterans

• Hoover created a number of government programs designed to help the average American

The series of government programs created by FDR to pull the United States out of the depression was known as

• The New Deal

• The Square Deal

• The Bonus Army

• The Real Deal

Which of the following was not a critical component of the New Deal?

• Relief

• Recovery

• Reform

• Responsibility