Crash and Depression examination

During the Stock Market Crash 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 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

Why did the stock market collapse in 1929?

• Only wealthy Americans invested in the stock market

• Investors inflated prices, and then sold shares very cheap, losing money

• Investors refused to invest in the stock market

• Investors bought shares cheap, and then sold stocks at a high price

Who was president when the stock market crashed?

• Theodore Roosevelt

• Woodrow Wilson

• Herbert Hoover

• Franklin Delano Roosevelt

Who would lose money/their savings if the banks failed in the 1920s/30s?

• Speculators

• Big Business

• Everyone

• The working class

What was one of the biggest reasons why the American economy boomed in the 1920s?

• mass production led to goods being made faster and an increase in supply

• the arrest of criminals who wouldn't stop killing people

• the banning of alcohol

• giving women the right to vote

After the Stock Market Crash, many people lost their life savings because _______________.

• banks closed
• banks gave away their money
• they couldn't remember where they put it
• someone stole it

After the Stock Market Crash of 1929, what did President Hoover recommend for Americans?

• Withdraw all of your money from the banks

• Take advantage of the stock "sale" and buy more

• Handle business as usual

• He Ignored it and didn't recommend anything

During the Great Depression, neighborhoods of shacks would be known as...

• Shantytowns

• Hoovervilles

• Ghettos

• Projects