US History EOC Review #3

82. The Russian Revolution that installed a communist government led to which reaction in the United States?

• distrust of the Soviet Union’s motives and actions

• continuation of Allied agreements made during World War I

• recognition of the Soviet Union as a partner in the League of Nations

• aggressive attempts to collect debts owed by former Allies

83. How did this type of activity, bank runs, affect the onset of the Great Depression?

• They corrected the over-speculation that was occurring in bank loans.

• They undermined public confidence in banks and caused bank failures.

• They led to more credit buying as customers were unable to access their money.

• They forced the government to cover bank losses by taking money from the treasury.

84.How did income inequality contribute to the Great Depression?

• The majority of people had little in savings or property to sustain them during hard times.

• The richest people in the country were able to bail out major industries and banks.

• The responsibility to provide direct relief to the poorest people fell on the government.

• The largest stockholders and corporate owners faced the greatest losses.

85. Why was the failure of the Stock Market in 1929 so devastating?

• Many people lost their jobs as brokers, buyers, or other types of financial workers.

• Most corporations began to sell off their surplus inventory to make up for their losses.

• Too many people had speculated in stocks, buying on margin, so they owed for worthless shares.

• Most stock purchases had been made by foreign companies who now refused to cover their debts.

86. The name given to communities like the one in the image showed that many Americans

• blamed the President in office for the Depression.

• wanted the government to pay veteran bonuses early.

• had given up on ever getting work or a way out of poverty.

• had migrated towards the fruit and vegetable fields of California.

87. The graph shows that after the high demand of World War I, commodity prices in the U.S. went downward, MOST hurting which group?

• insurance companies

• service workers

• salespeople

• farmers

88.Many of the displaced farmers who migrated west hoped to get workbuilding new homes and offices.

• building new homes and offices.

• manufacturing consumer goods.

• making armaments and planes.

• harvesting fruits and vegetables.

89.The image captures which mood of the nation during the Great Depression?

• hopeful

• desperation

• resilience

• regret

90.President Hoover preferred to trust in a “trickle down” response to mitigate the Great Depression rather than

• expect charities and churches to help.

• provide direct relief to the unemployed.

• depend on the resilience of most workers.

• leave banks open for more loan-making.

91.What was the outcome of the efforts of the Bonus Army?

• Hoover was seen as heartless for sending troops to remove the veterans using tear gas and tanks.

• Veterans received early payouts of their bonuses to help them get through the Great Depression.

• Congress passed legislation to house and create jobs for homeless veterans as a result of the protest.

• General Douglas MacArthur led the Bonus Army veterans to the White House for a presidential audience.