The Great Depression Review

What was the general economic condition in America during the 1920s before the Great Depression?

• Rapid economic growth and prosperity

• Steady economic conditions with no growth

• Economic instability and decline

• A minor recession

What profession did Herbert Hoover have before entering politics?

• Engineer

• Doctor

• Lawyer

• Teacher

What major economic event happened on October 29, 1929?

• The signing of the Treaty of Versailles

• The introduction of the New Deal

• The start of World War II

• The stock market crash

What was the unemployment rate by 1933 during the Great Depression?

• 32.1 percent

• 15.3 percent

• 24.9 percent

• 5.5 percent

What was the primary cause of the Dust Bowl according to the text?

• Deforestation

• Massive floods

• Overworking of the land and removal of grasses

• Natural drought conditions

How did the Hawley-Smoot Tariff affect the Great Depression?

• It ended the Great Depression

• It had no effect on the Great Depression

• It worsened the Great Depression

• It only affected European economies

What was the income of the wealthy in America during the 1920s?

• $50,000 per year

• $100,000 per year

• $200,000 per year

• $500,000 per year

Who believed the Great Depression was caused by a cut back in money supply?

• Franklin D. Roosevelt

• Herbert Hoover

• John Maynard Keynes

• Milton Friedman

What was a major consequence of the bank failures during the Great Depression?

• Increased foreign investment in American banks

• A surge in new bank formations

• The introduction of digital banking

• Massive withdrawal of savings by the public

What was the effect of the Great Depression on minorities according to the text?

• Minorities were given government aid

• Minorities were hit hardest

• Minorities experienced prosperity

• Minorities were unaffected