The 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.

What was the goal of the Bonus Army in 1932?

• to set up Hoovervilles

• to participate in an antiwar protest

• to protest Hoover's lack of action & lobby for legislation to get bonus pay early

• to gather for a World War I veterans’ reunion

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

• Largely unable to better economic conditions

• Created many New Deal programs

Who was president when the stock market crashed?

• Theodore Roosevelt

• Woodrow Wilson

• Herbert Hoover

• Franklin Delano Roosevelt

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?

• Shantyshacks
• Town Homes
• Tenement Housing
• Hoovervilles

After the Stock Market Crash, many people _______________.

• Got rich!

• moved to Canada in the Great Migration

• lost their entire life savings

• volunteered for World War I

Which of the following is a term for buying something now and paying for it later?

• Credit or Installment Buying

• Debit

• Speculation 

• Investment 

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

What was the most likely cause of the election results shown on the map?

• Most voters blamed President Herbert Hoover for the Great Depression.

• It is difficult to defeat an incumbent (sitting) president.

• Franklin D. Roosevelt had more business experience than Herbert Hoover.

• Republican Party popularity had been declining for several elections.