Great Depression

Which of the following statements best describes the economic conditions in the United States during the 1920s, as depicted in the video?

• A period marked by steady economic growth, booming businesses, and the widespread availability of new consumer goods

• An era characterized by high unemployment and economic stagnation

• A time of slow but consistent economic growth with limited industrial output

• A period of economic recession and social unrest

Which of the following best describes the immediate impact of Black Tuesday, October 29th, 1929, as depicted in the video?

• The stock market experienced a minor setback but quickly recovered, maintaining economic stability

• The government intervened immediately with massive public work projects to stabilize the economy

• Stock prices plummeted on Wall Street, erasing over $4 billion in assets, marking the beginning of the Great Depression

• There was no significant change in the economy as a result of Black Tuesday

Which of the following best describes President Herbert Hoover's political response to the social impacts of the Great Depression as depicted in the video, specifically regarding unemployment and housing?

• He implemented massive government programs to directly address unemployment and housing needs

• He actively encouraged and funded private charities to provide support, while being reluctant to fund large public works projects, believing in limited government intervention

• He focused on rebuilding the stock market and did not address unemployment or housing issues

• He believed the economic downturn was temporary and that the issues would resolve without government intervention