US History- The Great Depression

What was one of the causes of the Great Depression?

• The government increased taxes on imports.

• The Federal Reserve lowered interest rates excessively.

• The stock market was regulated too heavily.

• Factories and farms produced more goods than people could buy.

What does the term 'buying on margin' refer to?

• Investing in real estate with borrowed money.

• Purchasing goods with a loan from the bank.

• Buying stock with a down payment of a portion of the value.

• Paying for goods in installments over time.

What was Black Tuesday?

• The day Franklin D. Roosevelt was elected president.

• The day banks reopened after the bank holiday.

• The day the Dust Bowl began.

• The day the stock market crashed, signaling the start of the Great Depression.

What was the Great Depression?

• A period of political unrest in the United States.

• The era of industrialization in the late 19th century.

• A time of rapid economic growth in the 1920s.

• The worst period of economic decline in United States history, beginning in 1929.

What does the term 'bankrupt' mean?

• Having excessive wealth.

• Unable to pay debts.

• Investing in the stock market.

• Owning multiple businesses.

What is a soup kitchen?

• A place where food is provided to the needy at little or no charge.

• A government-funded food distribution center.

• A community center for social gatherings.

• A restaurant that serves inexpensive meals.

What were Hoovervilles?

• Groups of shacks in which homeless people lived during the Great Depression.

• Luxury apartments built during Herbert Hoover's presidency.

• Government-funded housing projects for the poor.

• Factories that closed during the Great Depression.

What was the Dust Bowl?

• A nickname for the stock market crash.

• A term for the economic decline during the Great Depression.

• An area affected by industrial pollution.

• A region in the central Great Plains hit by a severe drought.

What is rugged individualism?

• The belief that individuals can succeed on their own with minimal government help.

• A policy of government intervention in the economy.

• A strategy for promoting community welfare.

• A philosophy advocating for collective action.

Who was Herbert Hoover?

• A senator who supported deficit spending.

• The president who introduced the New Deal.

• The 31st President of the United States during the stock market crash of 1929.

• An economist who advised Franklin D. Roosevelt.