VSC Unit 11 Review: Roaring 20s and Great Depression

Which of the following did the American economy experience in the 1920s that led to massive cultural and social change?

• Recession

• Depression

• Bull Market

• Boom

The 1920s were known as the Roaring Twenties because of which of the following?

• The rise of extremism in parts of the world such as the Soviet Union, Germany, and Japan led to a rapid military buildup in the United States

• The rapid growth of the U.S. economy following World War I through the end of the decade

• He encouraged US government spending to grow the economy

• The U.S. economy moved from being centered around agriculture to being manufacturing based

How did the Coolidge administration impact the US economy?

• Tax cuts led to more consumer spending

• He nationalized major industries to protect US jobs

• He encouraged US government spending to grow the economy

• An increase in public housing and unemployment benefits provided a safety net for unemployed Americans

When the Great Depression began in 1929, what was the MOST COMMON economic belief supported by President Herbert Hoover?

• Unemployed workers should receive federal unemployment benefits

• An increase in defense spending would stimulate the economy

• The economy would recover on its own

• The government should assume control of industry

Why did so many banks fail at the onset of the Great Depression?

• Too many investors tried to open new accounts

• The stock market collapsed too slowly to collect on debts

• Too many depositors tried to withdraw all their money out at once

• The Federal Reserve put too much money in circulation

Which of the following was a SIGNIFICANT cause of the Great Depression of the 1930s?

• A decrease in protective tariffs had opened American business to competition from abroad

• A wave of violent strikes paralyzed the major industries

• Consumer goods were relatively inexpensive

• Some banking policies were unsound and led to the overextension of credit

During the 1920s, installment buying, income inequality, and stock market speculation contributed to which of the following?

• Decision to lower tariffs

• Return of laissez-faire economic principles

• Introduction of supply-side economics

• Economic weaknesses that helped bring about the Great Depression

In the 1930s, what was one factor that accounted for westward migration of farmers from the Great Plains?

• High farm prices

• New technologies

• Dust Bowl

• Baby Boom

Which of the following would President Franklin Roosevelt have supported during the Great Depression?

• Trickle down economics

• Reducing the influence of labor unions

• Promoting the interest of big business

• Supporting programs to help the poor and unemployed

What did Franklin Roosevelt’s election to the presidency in 1932 demonstrate?

• A desire to return to a policy of laissez-faire

• A desire to continue the domestic policies of Herbert Hoover

• A desire to have government take an active role in solving economic problems

• A desire to abandon capitalism in favor of socialism