The Great Depression

Which one of these was NOT a major cause of the Great Depression?

• Overproduction

• Speculation & Stock Market

• Labor Unions

• Banking practices

​ (a)   is when an economy will see an increase in its production and GDP. ​ (b)   is when an economy will see a fall in its production and an increase in unemployment.

• Boom
• Bust

What was the term for October 29, 1929, the day that the Stock Market crashed, launching the U.S. into the Great Depression?

• Black Friday

• Black Tuesday

• Dow

• Bank Holiday

Which one of these was NOT an effect of the Great Depression?

• Business failures

• Bank failures

• Unemployment

• Rise in economic activity

No topsoil & a series of droughts led to the ____. Over 1 million farmers lost their farms due to this natural disaster.

What was the purpose of the Smoot-Hawley Tariff?

• To reduce the cost of imports

• Raised already-high tariff rates

• To encourage foreign investment

• To stimulate the economy by creating jobs

The ____ wanted their bonus (for serving in WWI) early due to unemployment caused by the Great Depression.

Hoover promoted ________, the idea that Americans should be able to help themselves out, and that the government does not need to involve itself in people's economic lives.

• Rugged individualism

• Collectivism

• Socialism

• Capitalism

What was the nickname for farmers that moved West to escape the Dust Bowl and find jobs?

• Cowboys

• Settlers

• Okies

• Homesteaders

Which government agency gives benefits to people when they are retired or unemployed?

• Federal Deposit Insurance Corporation
• Securities and Exchange Commission
• Tennessee Valley Authority
• Social Security Admistration