Great Depression Part 1

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

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

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

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

How did the Great Depression affect American society? 

• The price of agricultural goods decreased, causing an increase in demand for farm labor. 

• Manufacturing wages increased, causing businesses to concede to labor union demands. 

• Demand for luxury goods increased, causing overproduction in manufacturing. 

• Businesses were forced to close, causing widespread unemployment. 

All of these were a DIRECT RESULT of the Great Depression........EXCEPT

• High unemployment rates

• High inflation

• bank closures

• no taxes for the poor

Where could people go to get free or reduced-price food?

• Restaurants, right before closing

• City Hall

• Schools

• Soup Kitchens

The process of buying large quantities of stock cheaply in order to raise the price artificially and then selling all the stock at once to make a quick profit. This makes the actual value of the stock rise and fall rapidly in a short period, thus causing the Stock Market to rise and fall as well.

• Buying on margin

• Scam

• Speculation

• Hustle