Great Depression Quiz

Black Tuesday, the day the stock market crashed, was October 29, ______?

Mathematical Equivalence

ON

Why did the stock market crash?

• Stock prices dropped because people were not interested in purchasing stocks.

• Many people had already lost their jobs so they could not afford to buy stocks.

• People over-speculated, buying stocks with borrowed money (buying on margin).

• Banks closed and their failure caused the stock market to crash.

One cause of the Great Depression was:

• low tariffs flooded America with low priced foreign goods.

• low tariffs on foreign goods which hurt American businesses

• high tariffs on imported goods strangled international trade.

• high tariffs on imported goods increased international trade

One of the underlying causes of the Great Depression was 

• high wages that caused demand for goods to grow faster than the supply of goods

• high wages that caused more immigrants to move to the U.S. from European cities

• low wages that caused people to move out of the country to search for better jobs

• low wages that caused a surplus of goods because workers could not afford to buy them

During the worst part of the Great Depression one (1) out of ? American workers were unemployed.

• two

• four

• six

• eight

Cities tried to help feed the homeless and the unemployed by setting up:

• dinner theaters

• soup kitchens

• homeless shelters

• salad bars

The collapse of the banking system during the Great Depression might have been prevented if:

• banks were closed down immediately before anyone could take out their money.

• banks combined their accounts together and shared accounts to pay depositors.

• the Federal Reserve could have made more money available to banks so people could withdraw money.

• the government interfered less in the economy.

Who was elected President in 1932 in a landslide election?

• Franklin Roosevelt

• Woodrow Wilson

• Herbert Hoover

• Theodore Roosevelt

How were Roosevelt’s efforts to end the Great Depression different from Hoover’s?

• Roosevelt implemented government programs to help the nation recover.

• Roosevelt refused to pass new programs to help the nation recover.

• Roosevelt reduced government interference in the economy so the economy could work itself out

• Roosevelt believed the government should give money to all the poor.

During the Great Depression, “villages” of homeless people living in shacks appeared, these were known as

• Hobo Havens

• Roosevilles

• Hoovervilles

• Work Camps