The Great Depression

Which was not mentioned in class as a factor leading to an economic crash in 1929?

• Increased credit buying in the 1920s

• Farms struggling with debt

• Decreased automobile production

• Schools struggling

What is part ownership of a company?

• Stock

• Loan

• Debt

• Bond

When was the stock market crash?

• Nov 1931

• Sept 1928

• Oct 1929

• Aug 1932

On Black Tuesday, how many shares (stock market) were lost in one day?

• 4 billion

• 35 thousand

• 3 trillion

• 16 million

Roughly what percentage of the workforce was out of a job at this time?

• 10%

• 30%

• 50%

• 70%

What did we discuss was struggling due to falling food prices?

• Factories

• Grocery Stores

• Farms

• Banks

In which year did President Hoover take office?

• 1925

• 1929

• 1933

• 1939

What type of bills did Hoover veto during his presidency?

• Going to war

• Closing down farms

• Relief for Americans

• New Deal proposals

Hoover believed that relief should come from...

• State and local governments

• Charities only

• The federal government

• New bills proposed by the senate

Hoovervilles were located mostly near ______

• Large cities

• Fresh water

• Parks

• Abandoned homes