KC 8A Great Depression

Who were Okies during the Dust Bowl?

• People who moved to the Midwest for farming opportunities

• People who flooded into Oklahoma looking for land

• People who moved to the West Coast & large cities looking for work

• People who moved from the south to escape Jim Crow Laws

Waiting for hours and hoping for a bowl of soup and a slice of bread to eat for the day best describes which of the following terms.

• Hoovervilles

• Black Tuesdays

• Breadlines

• Speculation

What is speculation?

• Practice of making low-risk investments

• Practice of making high-risk investments in hopes of obtaining large profits

• Practice of saving money in a bank

• Practice of avoiding investments

Which of the following best describes the dust bowl?

• Sink holes that formed across the midwest, nicknamed dust bowls

• Severe drought and dust storms faced by the people of the midwest

• Shantytowns set up by homeless people

• Nickname given to the construction of the Hoover Dam

What was one positive effect of the construction of the Hoover Dam?

• Control the flow of the Mississippi River

• Create much needed jobs

• Allow for water to be transported into San Antonio

• Help irrigation efforts on the Great Plains

What was one major effect of the Hawley-Smoot Tariff?

• Tax reduction on imports

• Other nations placing a high tariff on US goods hurting world trade

• American businesses were able to hire more workers

• Increased taxes on domestic goods, encouraging people to buy foreign products

What were Hoovervilles?

• Luxury hotels

• Shantytowns set up by homeless people

• Government housing for the homeless

• Temporary shelters for tourists

What was the result of Black Tuesday?

• Stock prices rose sharply

• Stock prices fell sharply

• Stock prices remained stable

• Stock prices fluctuated

What was the Reconstruction Finance Corporation?

• Federal agency providing emergency government credit to individuals

• Federal agency providing emergency government credit to small businesses

• Federal agency providing emergency government credit to banks, railroads, and other large businesses

• Federal agency providing emergency government credit to foreign countries

What was the Great Depression?

• Period of economic growth

• Period of economic stability

• Period of economic decline and high unemployment

• Period of high stock prices