The nation's sick economy

Which of the following industries were in trouble in the late 1920s?

• lumber

• railroads

• music

• farming

What allowed Americans to live beyond their means during the 1920s?

• credit/installment loans

• previous savings

• interest from stocks

• higher paying jobs

What is one example of the uneven distribution of income in America during the 1920s?

• healthy food options were only available to the wealthy

• The middle class was unable to get credit

• Few homes had access to electricity and couldn't use modern appliance

• Schools were not available for the poor and lower class

Who became president during the 1920s?

• FDR

• Herbert Hoover

• Andrew Johnson

• Teddy Roosevelt

By 1929, how many Americans owned stock?

• 4,000

• 400,000

• 4,000,000

• 40,000,000

What event happened on 10/29/1929?

• The US entered the second World War?

• The Stock Market crashed

• Herbert Hoover became president

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

• Overproduction

• Not enough credit availability

• Unequal distribution of wealth

• Stock Market Crash of 1929

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

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

How did "bank runs" impact the American people during the Great Depression?

• Banks eventually ran out of money to loan, and people's life savings were gone.
• Banks made loans throughout the Great Depression, helping people pays bills until they could find work.
• Banks were able to people's deposits safe, but they could not loan out any more money.
• Banks were not at all involved in the Great Depression because people did not use them.

This means the risky buying and selling of stocks to make a quick or large profit

• Speculation

• Buying on Margin

• Gross National Product

• Hawley-Smoot Tariff