Great Depression

During the Stock Market crasch of 1929,

• investors quickly bought more stocks to ensure a profit.

• stock prices fell, causing billions of dollars to be lost.

• stores hired more employees to capitalize on consumer demand.

• banks loaned money to homeowners to cover their mortgages.

How did the stock market crash of 1929 contribute to the Great Depression?

• After the crash, wealthy people took the money they had and moved abroad.

• The crash left the economy too weak to overcome bigger challenges.

• The poor had invested heavily in the stock market and lost whatever money they had.

• Wall Street traders lost their jobs, creating massive unemployment.

What forced banks to close during the Great Depression?

• Huge amounts of inflation

• War in Europe

• Investors unable to pay loans and bank runs

• Not enough people invested in the Stock Market

Which TWO answers best describe President Herbert Hoover's presidency during the Great Depression?

• A very hands-on government

• Mostly hands-off government

• To little to late

• Created many New Deal programs

Who was president when the stock market crashed?

• Theodore Roosevelt

• Woodrow Wilson

• Herbert Hoover

• Franklin Delano Roosevelt

Which of the following is NOT one of the "Root Causes" of the Great Depression?

• Uneven distribution of income

• Excessive Credit and debt

• Mistakes by the Federal Reserves (National Banks)

• WWI

People who could no longer afford their homes were forced to live in cardboard shacks that they built in public parks. What were these shacks called?

• Cardboard Palaces

• Town Homes

• Tenement Housing

• Hoovervilles

What was the Great Depression?

• A period of economic success and an improving economy

• The worst economic catastrophe in U.S. history

• A period of time that witnessed American involvement in violent foreign wars

• A hotly contested presidential election

What was Roosevelt's New Deal?

• A series of government-funded bail outs

• A series of federally funded public works programs

• A hands-off approach to business and the economy

• A series of voluntary business recovery acts

Which situation was a basic cause of the Great Depression?

• excessive profits for farmers

• overregulation of the stock market

• overproduction of consumer goods

• continued increases in wages for workers