APUSH - 7.9 - The Great Depression

What were some of the causes of the Great Depression?

• Stock market crash of 1929, bank failures, reduction in purchasing, American economic policy with Europe, drought conditions

• Rise in wages

• Expansion of international trade

• Increase in government spending

Describe the stock market crash that occurred during the Great Depression.

• The crash was caused by a surplus of government regulations

• The stock market crash occurred in 1945 during World War II

• The crash was a result of increased consumer spending

• The stock market crash during the Great Depression occurred on October 29, 1929, known as Black Tuesday, due to over-speculation, excessive borrowing, and lack of government regulation.

What was President Hoover's response to the Great Depression?

• President Hoover believed in voluntarism and limited government intervention, encouraging businesses to maintain wages and production levels.

• President Hoover implemented high taxes on businesses to stimulate the economy

• President Hoover advocated for extensive government intervention in the economy

• President Hoover supported the idea of reducing wages and laying off workers to combat the Great Depression

Explain what Hoovervilles were and their significance during the Great Depression.

• Hoovervilles were luxurious housing developments built during the Great Depression

• Hoovervilles were makeshift communities of homeless people during the Great Depression, highlighting the severe poverty and homelessness caused by the economic downturn.

• Hoovervilles were exclusive clubs for the wealthy during the Great Depression

• Hoovervilles were government-funded programs to provide jobs during the Great Depression

What was the Hawley-Smoot Tariff and how did it contribute to the Great Depression?

• The Hawley-Smoot Tariff was a protective import tax that raised tariffs on imported goods, leading to a reduction in international trade and worsening the Great Depression.

• The Hawley-Smoot Tariff was a tax cut that boosted international trade and helped end the Great Depression.

• The Hawley-Smoot Tariff was a regulation that encouraged foreign investment and economic growth during the Great Depression.

• The Hawley-Smoot Tariff was a policy that focused on reducing tariffs on imported goods, which had no impact on the Great Depression.

What significant event occurred on Black Tuesday during the Great Depression?

• Bank holiday

• Great Chicago Fire

• Stock market crash

• World War II outbreak

Which event signaled the beginning of the Great Depression?

• Stock market crash of 1929 (Black Tuesday)

• The New Deal

• Prohibition

• World War I

How did the relaxation of credit rules play a role in the Great Depression?

• Excessive borrowing and speculative investments led to an economic bubble that burst, triggering a financial crisis.

• The relaxation of credit rules had no impact on the Great Depression

• Banks tightened lending practices, causing a decrease in economic activity

• Increased government regulation prevented any borrowing, leading to economic stagnation

Discuss the overall impact of the Great Depression on the American economy.

• The Great Depression led to a surge in job opportunities and economic growth

• The Great Depression resulted in increased consumer spending and investment

• The Great Depression caused widespread unemployment, bank failures, a sharp decline in industrial production, and a significant drop in GDP.

• The American economy thrived during the Great Depression