SMC and Great Depression

Why did many factories have to lay off many of their workers?

• Their products were no longer needed in the 1930's.

• The workers were not working the way they should have been.

• The factories were producing more goods than they were able to sell.

If you own a share of a stock,

• you are part owner of that company.

• you can run the company.

• you can hire and fire people to work at the company.

• you have an office at the company.

What date did the stock market crash?

• November 27, 1976

• July 16, 1928

• October 21, 1921

• October 29, 1929

What is another name for the day that the stock market crashed?

• Blue Wednesday

• Black Friday

• Black Tuesday

• Red Monday

Because the stock market crashed,

• many people lost ALL of their money.

• many people went out and bought all they could afford.

• many people moved to the country.

Many people had bought their stocks on ______ , or borrowed their money from the bank.

• checks

• credit

• debit

When customers rushed to the banks to take out their money in the panic of the crash, they found

• that banks didn't have enough money to give them.

• that the line was too long and they went home.

• that bankers were using an assembly line to distribute their money.

• that the banks doors were locked and they couldn't get in.

At the beginning of the Great Depression, which president did many Americans blame for their problems?

• President Franklin D. Roosevelt

• President Theodore Roosevelt

• President Woodrow Wilson

• President Herbert Hoover

What were two basic causes of the Dust Bowl during the early 1930s?

• strip mining and toxic waste dumping

• over farming and severe drought

• clear-cutting of forests and construction of railroads

• overpopulation and urban sprawl

How did an economic recession help cause the Great Depression?

• Americans bought less, causing less demand for goods

• Bank runs caused depositors to withdraw all their money from banks

• The market bubble popped, crashing Wall Street

• Low interest rates encouraged risky speculation