Great Depression Quiz

When did the Great Depression actually begin?

• After the stock market crash in October 1929

• Before the stock market crash in October 1929

• In 1930 or 1931

• During World War I

What was one of the main causes of the Great Depression?

• Overproduction and low prices in the agricultural sector

• The Hawley Smoot tariff

• The stock market crash in October 1929

• The Federal Reserve system

What was the primary cause of the Great Depression according to Herbert Hoover?

• World War One

• The high tariffs

• The stock market crash

• The weak banking system

What was the impact of the Versailles Treaty on the global economy?

• It resulted in the collapse of the American banking system

• It caused the Great Depression

• It led to a decrease in world trade

• It created a web of debts and reparations

What was the main reason for the increase in unemployment during the Great Depression?

• The decrease in consumer spending

• The freezing of the credit system

• The lack of government intervention

• The failure of private businesses

What was Herbert Hoover's response to the Great Depression?

• He increased taxes to stabilize the banks

• He abandoned the gold standard

• He relied on private businesses and state governments

• He implemented large-scale economic stimulus

What was the purpose of the Reconstruction Finance Corporation?

• To support agricultural production

• To stabilize the stock market

• To create jobs through infrastructure projects

• To provide emergency loans to banks and corporations

What was the impact of the high tariffs imposed by the Hawley Smoot tariff?

• It protected American industry

• It increased world trade

• It created more jobs

• It decreased sales and led to fewer buyers for American goods

What was the main reason for the increase in private charitable giving during the Great Depression?

• The decrease in unemployment

• The increase in public works expenditures

• The success of President's Organization on Unemployment Relief

• The government's encouragement of private charity

What was the impact of the Great Depression on the American population?

• The majority of Americans became wealthy

• Thousands of Americans took to the road in search of work

• The unemployment rate remained low

• Private businesses thrived