The Great Depression and 1920s Quiz

A significant effect of the Smoot-Hawley tariff was that:

• U.S. consumers were disadvantaged by higher prices on goods and services.

• Trade between the United States and Europe increased.

• Labor unions gained legal protection for collective bargaining.

• U.S. Manufacturers faced more competition from foreign nations.

In the 1920s, a combination of overproduction and falling prices led to the decline of which industry?

• Fishing

• Mining

• Technology

• Agriculture

Consider this conversation from the 1920s: "Have you bought an automobile yet?" "No, we felt we couldn't afford one." "Mr. Budge has one, and he is not as well off as you are." "Yes, I know. But their second installment came due, and they had no money to pay for it." "Did they lose the car?" "No, they got the money and paid the installment." "How did they get the money?" "They sold the cook-stove." "How could they get along without a cook-stove?" "They didn't. They bought another one on the installment plan." The concept demonstrated in this conversation is most similar to which of the below causes of the 1929 stock market crash?

• Increased buying on margin

• Federal deregulation of the banking industry

• Reduced wages and rising unemployment

• Growing postwar profits in the industrial sector

Which of the following provided funding for the construction of numerous public buildings throughout the nation?

• The Good Neighbor Policy

• Works Progress Administration

• National Urban League

• Tuskegee Institute

The Federal Deposit Insurance Corporation addressed what pre-depression shortcoming?

• Workplace safety

• Banking insurance

• Collective bargaining

• Minimum wage

The Securities and Exchange Commission was established to:

• Insure bank deposits and promote economic stability.

• Mediate between business and labor and to ensure fair competition.

• Regulate the prices of agricultural goods and reduce surpluses.

• Oversee stock trading and to prevent fraud.

How would an African American during the Great Depression most likely have felt?

• Excited, because the TVA's Rural Electrification Program brought electricity to the south.

• Surprised, because President Roosevelt supported segregation.

• Frustrated, because unemployment affected minorities worse than the rest of the population.

• Discouraged, because the government was undermining small family farmers and subsidizing large farms.

A major difference between the attitudes of Hoover and Roosevelt was that:

• Roosevelt placed the needs of business first and Hoover ignored them.

• Hoover’s approach was more aggressive than Roosevelt’s.

• Roosevelt believed in deficit spending and Hoover wanted to raise taxes.

• Hoover aimed to help the needy while Roosevelt ignored them.

Who was the Presidential candidate in the Election of 1932 who promised to provide relief and help to the needy during the Great Depression?

• Herbert Hoover

• Calvin Coolidge

• Huey Long

• Franklin Roosevelt

Which situation is most likely to occur in a depression?

• new jobs are created by private businesses

• the government raises taxes to an all-time high

• a sharp decrease in the number of available jobs

• a large number of companies open for business