Great Depression/Stock Market Crash

What happened when factories made more goods than they could sell?

• The hired more workers

• They began to lay off workers

• They increased the price of the goods

• The gave the workers a vacation and told them to have fun.

What is a stock?

• Money you borrow from a company

• A debt you must pay back

• A share of a company that someone buys

• Money you earn at at job.

Which event led the United States from the Roaring Twenties into the Great Depression?

• The Stock Market Crash

• The creation of the automobile

• The End of WW I

• The assassination of our president

What happened to the banks when many people could not pay back the loans they owed the bank?

• The bank got richer

• The bank closed and people lost their money

• The bank paid everyone their money back and then closed.

• Nothing happened and the bank continued to be open.

Which does NOT describe a result of the Stock Market Crash?

• Factories closed

• Banks Closed

• People lost their savings

• New jobs were formed

When hundreds of thousands of people could not afford to feed their families during the Great Depression, where did they go for help?

• Soup kitchens

• homeless shelters

• food stamps

• bank

Herbert Hoover was elected president at the beginning of the Great Depression. What was his opinion?

• That the government should give everyone money

• That the government should not help people, but local charities and communities should.

• That the government should help people buy giving them homes.

• That the government should give people food.

When people lost their homes they were forced to live in shantytowns. Why did people call the shantytowns "Hoovervilles"?

• After a war hero

• People were grateful to Herbert Hoover for all the help he gave.

• People blamed Herbert Hoover for not helping people during the Great Depression

• People thought the name sounded funny.

What was the Dust Bowl?

• A period of severe drought that caused the crops to die and the soil to blow away.

• A period of time in which many new businesses opened.

• A football game at the end of the season.

• A hair style that became popular during the Great Depression.

What role do banks have in the economy?

• They decide how everyone should spend their money.

• They tax customers to pay for new programs.

• They help people invest their money in stocks.

• They provide loans to people who need to borrow money.