Great Depression and WWII

In the 1920s, many Americans bought...

• cars and radios

• computers and robots

• airplanes and pools

Answer explanation

In the 1920s, many Americans bought cars and radios, as they became more affordable and popular during that time period.

In the 1920s Americans consumers began to do which of the following?

• sewing clothes

• recycling goods

• buying on credit

• work from home

Answer explanation

In the 1920s, Americans consumers began buying on credit, which was a significant shift in their purchasing behavior.

True or False: World War 2 helped the US get out of the Great Depression

• True

• False

Answer explanation

World War 2 helped the US get out of the Great Depression by boosting industrial production, creating jobs, and stimulating the economy through government spending.

Which of the following best describes the Great Depression?

• A period of economic success and progressive ideas

• A time period in which thousands of Americans mourned the loss of WWII soldiers

• A time period where the banking industry improved even after the Stock Market crashed

• A time of high unemployment and low economic activity occurring between WWI and WWII

Answer explanation

A time of high unemployment and low economic activity occurring between WWI and WWII

Over plowing the land, severe drought & digging up the prairie grasses...all led to the?

• Great Depression

• WWII

• Black Tuesday

• Dust Bowl

Answer explanation

Over plowing the land, severe drought & digging up the prairie grasses led to the Dust Bowl, not the Great Depression, WWII, or Black Tuesday.

What major event started the Great Depression?

• Dust Bowl

• President Hoover being elected as president

• Overproduction of Oil and Cotton

• Stock Market Crash

Answer explanation

The major event that started the Great Depression was the Stock Market Crash.

What event led directly to the U.S. involvement in WWII?

• German submarines launched an attack on Washngton D.C.

• Russian assassins managed to kill the U.S. Presidnet

• Japan attacked the U.S. Naval Base at Pearl Harbor, Hawaii

• Germany invading Poland

Answer explanation

Japan attacked the U.S. Naval Base at Pearl Harbor, Hawaii, which directly led to the U.S. involvement in WWII.

Which country dropped the atomic bomb at Hiroshima and Nagasaki?

• Britain

• USSR

• The United States

• Germany

Answer explanation

The United States dropped the atomic bomb at Hiroshima and Nagasaki during World War II.

All of following were a long-term causes of the Great Depression except

• Overproduction in farming

• decline of industries like steel and oil

• decrease in farm prices

• the Stock market crash

Answer explanation

The decline of industries like steel and oil was not a long-term cause of the Great Depression, unlike overproduction in farming, decrease in farm prices, and the Stock market crash.

What does buying a stock on margin mean?

• purchasing the stock outside the regular stock exchange

• buying the stock for someone else

• paying less than the market price of the stock

• borrowing money to help pay for the stock

Answer explanation

Buying a stock on margin means borrowing money to help pay for the stock, allowing investors to purchase more shares than they could with their own funds.