WorksheetsThe Great Depression
Total questions: 25
Worksheet time: 25mins
Name
Class
Date
1.
The Stock Market Crash in ____________________ led to MASSIVE losses for almost everyone with stocks.
a)
December 1909
b)
October, 1929
c)
October 1944
d)
January 1937
2.
The Stock Market Crash weakened the _______________ of the U.S., leading to many closures and loss of deposits.
a)
Fishing Industry
b)
Railroad Industry
c)
U.S. Military
d)
Banking System
3.
Many historians and economists agree that _____________, or the creation of too many consumer items and not enough money to purchase them worsened the Depression.
a)
overstepping
b)
overproduction
c)
overgrazing
d)
overcalculation
4.
Many American consumers who had been paying with credit on _____________ plans, had to reduce spending, hurting the economy overall.
a)
Installment
b)
Pay for play
c)
Loan
d)
Bank Investment
5.
What event is being described in the following story?
It was chaotic. People shouting 'SELL' over and over, but nobody was buying. In all my years on Wall St., I've never seen anything like this. Not a single broker wanted to buy and everyone wanted to sell. It was mass hysteria.
It was chaotic. People shouting 'SELL' over and over, but nobody was buying. In all my years on Wall St., I've never seen anything like this. Not a single broker wanted to buy and everyone wanted to sell. It was mass hysteria.
a)
The Crash of the Stock Market
b)
The New Deal
c)
Bank Run
d)
The Hundred Days
6.
A long period of increasing stock values, called a ______ Market and prices led many to invest in the Stock Market during the 1920s
a)
Bull
b)
Brain
c)
Dog
d)
Cat
7.
Due to the long and successful Bull Market, many American investors began to ________________, hoping to make a fortune overnight.
a)
Take their stocks out of the market
b)
Speculate
c)
Reinvest
d)
Sell High and Buy Low
8.
Another major problem that led to the Great Depression was the "uneven distribution of income," or the fact that a very small % of Americans were wealthy while 2/3 made less than $2,500/year.
a)
True
b)
False
9.
The situation shown in this photograph occurred in which region?
a)
Ohio River valley
b)
Rocky Mountains
c)
Great Plains
d)
Northeast
10.
What was the main reason for the emergence of “Hoovervilles” like the one shown in the photo?
a)
Many Americans had lost jobs during the Great Depression.
b)
Thousands of homes had been destroyed by the Dust Bowl.
c)
Housing projects couldn't keep up with homes needed.
d)
Prep for WW II had created a shortage of building materials.
11.
Which of the following DID NOT cause the Dust Bowl?
a)
overproduction
b)
windstorms
c)
drought
d)
tornadoes
12.
Paying a small % of a stock's price & borrowing the rest is known as what?
a)
buying on margin
b)
speculation
c)
fiat money
d)
price supports
13.
Making extremely risky business transactions on the chance of making quick or large profits.
a)
speculation
b)
Calculated Risk Investment
14.
The ______ raised the costs on imported goods.
a)
Reconstruction Finance Corporation (RFC)
b)
Smoot- Hawley Tariff
c)
cooperative
d)
Hoover Dam
15.
During the Great Depression, many people did lose their homes because they couldn't pay for them. They either had to live with family members or in makeshift "houses" made out of cardboard or whatever they could find. These were called "Hoovervilles" or ________________.
a)
shanty towns
b)
neighborhoods
c)
Hoover Wagons
d)
clubs
16.
The stock market crash of 1929 was one of the main causes of the Great Depression. On this one day, October 29, 1929, the stock market lost $14 billion. This day is known as ________________.
a)
Bad Tuesday
b)
Poor Tuesday
c)
Black Tuesday
d)
Crash Tuesday
17.
After the Stock Market Crash, many people lost their life savings because _______________.
a)
banks closed
b)
banks gave away their money
c)
they couldn't remember where they put it
d)
someone stole it
18.
To make things worse during the Great Depression, there was a severe drought in the midwest. Because the soil was so dry, wind caused dust storms that covered people's homes, and all of their belongings. This was called the _______________
a)
Dust Bowl
b)
Dry Bowl
c)
Dirt Bowl
d)
Depression Bowl
19.
The president elected after Herbert Hoover who promised to give America a "New Deal" was _________________.
a)
Franklin Roosevelt
b)
Theodore Roosevelt
c)
Abraham Lincoln
d)
Grover Cleveland
20.
A __________ is a share in the ownership of a company.
a)
treaty
b)
draft
c)
stock
d)
depression
21.
Who was president at the time of the Stock Market Crash of 1929?
a)
Abraham Lincoln
b)
Franklin D. Roosevelt
c)
Theodore Roosevelt
d)
Herbert Hoover
22.
In the 1930's, people would line up at ____________ to get food. These were normally run by charities.
a)
churches
b)
businesses
c)
soup kitchens
d)
work
23.
An effect of the Great Depression was...
a)
Farmers started purchasing automobiles from the Olds Company.
b)
Farmers' incomes were unchanged.
c)
Farmers became rich and sold stocks.
d)
Farmers' incomes fell to low levels and many left their farms.
24.
What happens to the value of your crops when you continue to overproduce them?
a)
The value increases.
b)
The value stays the same.
c)
The value decreases.
d)
Farmers become rich.
25.
What caused the Dust Bowl?
a)
loss of grasslands, overuse of tractors, lack of soil
b)
too much dirt
c)
loss of dust, overuse of steel plow
d)
loss of grasslands, overuse of tractors, lack of rain
100 %
