Causes of The Great Depression Quiz

Who was the President of the United States at the beginning of the Great Depression?

• Herbert Hoover

• Franklin D. Roosevelt

• Woodrow Wilson

• Calvin Coolidge

What percentage of the American workforce were farmers in the 1920's?

• 10%

• 20%

• 25%

• 40%

What did farmers do to meet the increasing demands created by WWI?

• Increase crop production

• Invest in the stock market

• Start new businesses

• Join labor unions

Farmers accumulated huge amounts of _________ by taking out loans for farming equipment and land.

• Debt

• Wealth

• Assets

• Savings

Which group experienced better financial positions throughout the 1920s?

• Farmers

• Laborers/business owners

• sharecroppers

• Government officials

Corporate profits jumped ______% in the 1920s.

• 10%

• 20%

• 65%

• 40%

In 1929 the wealthiest______ % earned as much as the bottom 42% combined.

• 1%

• 5%

• 10%

• 20%

A healthy economy needs more people to ________ wealth.

• Save

• sell

• Spend/buy

• Donate

Many investors gambled on high-risk stocks for a chance of high payoffs. This is known as?

• Speculation

• Diversification

• Consolidation

• Stagnation

Tuesday October 29th became known as?

• Black Tuesday

• Black Friday

• Black Thursday

• Black Black Wednesday