Great Depression New Deal Review

What 1929 event is often marked as the start of the Great Depression that resulted in the loss of billions of dollars over a single day?

• Overproduction in farming

• decline of industries like steel and oil

• decrease in farm prices

• the Stock market crash

What were Hoovervilles? 

• Settlements created by the government that provided shelter for Americans who lost their homes.

• The nickname given to suburban towns during the Great Depression, named after President Hoover who was greatly admired for his work supporting financial distressed Americans.

• The nickname for tent villages filled with people who had lost their homes or jobs during the Great Depression.

• The suburbs built around Northeast cities in the 1930s, funded by President Hoover’s Department of Homeland Security.

What does buying a stock on margin mean?

• purchasing the stock outside the regular stock exchange

• buying the stock for someone else

• paying less than the market price of the stock

• borrowing money to help pay for the stock

Which of the following was not an effect of the Great Depression?

• Many children had a poor diet.

• Many families became homeless.

• Many men became unemployed.

• Many people started farming.

Which was not a cause of the Dust Bowl?

• Drought

• high winds

• thick layers of prairie grasses

• overproduction of crops

Which of the following was a cause of bank failures in the early 1930s?   

• People who feared that the banks would close rushed to withdraw their money.

• A major drop in foreign investments in U.S. banks following the Smoot-Hawley Tariff Act.

• The international currency crisis.

• The failure of the American agricultural industry to plan ahead.

What caused millions to lose their family wealth during The Depression?

• Bank closures
• Foreclosures on their farms and homes
• Stockmarket
• All of the above

President during the 1930s who was considered a failure because he couldn't fix the Great Depression.

• Franklin D. Roosevelt
• Herbert Hoover
• Margaret Mitchell
• Jessie Owens

What role do banks have in  the economy? 

• They provide loans to people who need money and help people invest money in stocks.
• They tax customers to pay for new programs.
• They decide how everyone should spend their money.
• They do not play a role in the economy.

Which of the following is NOT a cause of the Great Depression?

• Stock Market Crash
• Credit
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• Prohibition