Chapter 22, Section 1 - The Nation's Sick Economy

Which key industries barely made a profit during the economic troubles of the 1920s?

• Housing starts

• Mining, lumbering, coal

• Automobiles, construction, consumer goods

• Railroads, textiles, steel

Tags

6.1.12.EconNE.9.a

6.1.12.EconNE.9.d

What caused the decline in international demand for U.S. grain after the war?

• Credit debts

• Stagnant wages

• Prices drop by 40% or more

• Rising prices

What did President Coolidge veto, which could have helped farmers during the economic troubles?

• Rural banks fail

• International demand for U.S. grain

• Farm income decline

• Price-support bill

What did many people do during the 1920s to buy goods?

• Use layaway

• Buy on credit

• Pay in cash

• Use debit cards

What was the state of the stock market during the 1920s?

• Stagnant stock prices

• Fluctuating stock prices

• Declining stock prices

• Steadily rising stock prices

What event occurred on October 29, 1929, leading to a plummet in the nation's confidence?

• Black Friday

• Black Thursday

• Black Tuesday

• Black Monday

What was the impact of the Great Depression on the economy and unemployment?

• Economy fluctuates, unemployment fluctuates

• Economy stagnates, unemployment remains stable

• Economy soars, unemployment plummets

• Economy plummets, unemployment skyrockets

What did the Hawley-Smoot Tariff Act set in the U.S. during the Great Depression?

• Highest protective tariff ever

• Lowest protective tariff ever

• No protective tariff

• Moderate protective tariff

What were the factors leading to the Great Depression?

• Housing starts, automobile industry, consumer goods, income disparity

• Rising prices, stagnant wages, credit debts, income disparity

• Mining, lumbering, coal, income disparity

• Tariffs, war debts, farm problems, easy credit, income disparity

What did the federal government encourage during the Great Depression to stimulate the economy?

• Spending

• Saving

• Borrowing

• Investing