Great Depression and New Deal Review
Authored by Katie Oliver
Social Studies
11th Grade
Used 23+ times
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30 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
In the late 1920s, buying stocks on margin most directly led to which outcome when prices fell?
The government quickly guaranteed profits
Farmers benefited from higher crop prices
Companies instantly increased dividends
Investors owed money they could not repay
2.
MATCH QUESTION
30 sec • 1 pt
Match each cause with its immediate economic effect during the early Great Depression.
Credit freeze as deposits disappeared
Hawley–Smoot Tariff
Factory closures and job losses
Overproduction
Plunge in stock values and lost savings
Stock Market Crash
Decline in international trade
Bank Failures
3.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which combination lists primary causes associated with the Great Depression era? Select all that apply.
Overproduction of goods
Stock speculation and margin buying
Widespread bank failures
Government price controls
Postwar hyperinflation
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Why did many banks fail after the Stock Market Crash of 1929?
Banks refused to lend to the federal government
Interest rates rose to historic highs
Depositors demanded cash the banks lacked
Gold reserves were suddenly outlawed
Answer explanation
Remember banks can only make loans if they have money in their vault! They get money from people putting their money in banks. When they made too many loans, people could not repay their debt and the banks did not get money back. Therefore they couldn't pay anyone who had deposited money back!
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which statement best describes a bank run during the Great Depression?
Farmers expanded credit to purchase tractors
Large crowds withdrew deposits fearing losses
Investors bought more stocks to stabilize prices
Businesses rushed to hire additional workers
6.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which were common immediate societal effects of the Great Depression? Select all that apply.
Rising unemployment nationwide
Rapid economic recovery in weeks
Massive wage increases for workers
Growth of Hoovervilles
Increased hunger and homelessness
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the significance of October 29, 1929, often called Black Tuesday?
The Dust Bowl first reached the Midwest
Congress passed the New Deal laws
Stock prices crashed at record levels
Prohibition officially ended nationwide
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