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Depression Review 1

Total questions: 57

Worksheet time: 29mins

Name
Class
Date
1.
What religion was Alfred Smith?
a)
Baptist
b)
Catholic
c)
Hindi
d)
Buddhist
2.
What does letter E represent in the image of a business cycle?
a)
Prosperity
b)
Depression
c)
Normal
d)
Recovery
3.
What term happens when many depositors withdraw their money at the same time from the bank?
a)
Bank failure
b)
Bank crash
c)
Bank run
d)
Margin call
4.
What ratio of banks closed in 1932?
a)
1 in 2
b)
1 in 4
c)
3 out of 4
d)
all of them
5.
How much did 2/3rds of the people living in the US make a year?
a)
$2,500
b)
$15,000
c)
$28,000
d)
$53,000
6.
What month in 1929 does the stock market peak?
a)
September
b)
October 
c)
November
d)
December
7.
Where did people move during the Dust Bowl?
a)
Pennsylvania
b)
Ohio
c)
California
d)
Florida
8.
What type of government/economic system was Herbert Hoover trying to avoid?
a)
Capitalism
b)
Monarchy
c)
Socialism
d)
Anarchy
9.
Who painted the picture American Gothic that paid tribute to no-nonsense Mid westerners?
a)
Grant Wood
b)
John Steinbeck
c)
Douglas MacArthur
d)
Jack Benny
10.
What man's book The Grapes of Wrath became one of the most popular about the Great Depression?
a)
Grant Wood
b)
John Steinbeck
c)
Alfred Smith
d)
Jack Benny
11.
Approximately, how many businesses failed in 1930?
a)
1,000
b)
26,000
c)
1.5 million
d)
2 million
12.
What does the letter D represent on the business cycle?
a)
Recovery
b)
Prosperity
c)
Normal
d)
Depression
13.
Which of the following groups did not share in the prosperity of the 1920s that caused greater hardships throughout the 1930s?
a)
Government officials
b)
Farmers
c)
Movie Industry
d)
Ford Motor Company
14.
What two movies produced in 1939 became some of the most popular in US History?
a)
Steamboat Willy/The Guiding Light
b)
American Gothic/All Quiet on the Western Front
c)
Teenage Mutant Ninja Turtles/Rebel Without a Cause
d)
Gone with the Wind/The Wizard of Oz
15.
What was one of the first soap operas on radio in the 1930s?
a)
As the World Turns
b)
The Guiding Light
c)
Days of Our Lives
d)
Gone with the Wind
16.
What day is often referred to as Black Tuesday as the market continued to make one of the largest drops in US History?
a)
Oct. 29, 1929
b)
Dec. 7, 1941
c)
April 15, 1865
d)
Nov. 11, 1918
17.
What does the letter A on the business cycle represent?
a)
Normal
b)
Depression
c)
Recovery
d)
Recession
18.
What program received millions of dollars from the Federal Government to lend money to banks, Railroads, and building & loan associations?
a)
Emergency Relief and Construction Act
b)
Hawley-Smoot Tariff
c)
Reconstruction Finance Corporation
d)
Soap operas
19.
Which of the following problems was NOT a problem with the stock market by the end of the 1920s?
a)
investors were engaged in over speculation of the market where they continued to invest when the market reached record highs
b)
people bought stocks on margin
c)
all farmers invested their money into the stock market
d)
people failed to look at a company's earnings/profits
20.
How much money did the Emergency Relief and Construction Act establish for public work programs?
a)
$10 million
b)
$2,500
c)
$1.5 billion
d)
$5 trillion
21.
What type of item were soap operas named after?
a)
Laundry soap
b)
Soup
c)
Shampoo
d)
Frozen foods
22.
A long period of rising stock prices.
a)
Bull market
b)
Bear market
c)
Depression
d)
Recession
23.
In 1929, _____ % of Americans owned stocks.
a)
10
b)
95
c)
50
d)
28
24.
How much did stocks dropped in value within a month?
a)
1/4th
b)
1/3rd
c)
1/2
d)
3/4ths
25.
What is the name of those people leaving Oklahoma for California called?
a)
Bull rush
b)
Okies
c)
Transient nomads
d)
Hoover failures
26.
How many people went to the movies in the 1930s?
a)
150
b)
2 million
c)
500,000
d)
60 million
27.
What man ignored Herbert Hoover's orders and began clearing out veterans camped in Washington D.C.?
a)
General John Pershing
b)
General Dwight Eisenhower
c)
General Douglas MacArthur
d)
General George Patton
28.
The _____ helped to organize "hunger marches" on Washington D.C.
a)
Democratic Party
b)
Republican Party
c)
American Communist Party
d)
National Socialist Party
29.
What is the name of shacks people built on unused & public lands.
a)
Rooseveltville
b)
Shacktown
c)
Slumville
d)
Hooverville
30.

What percentage of the price of stocks did banks require in order to buy on margin?

a)

23%

b)

10%

c)

9%

d)

100%

31.

What is the name of people leaving Oklahoma for California?

a)

Persians

b)

Sooners

c)

Okies

d)

49ers

32.

How many Mexicans were forced back to Mexico during the depression?

a)

10,000 - 20,000

b)

500,000 - 2 million

c)

10.5 million

d)

none

33.
What man represents the Republicans in the 1928 election?
a)
Calvin Coolidge
b)
Woodrow Wilson
c)
Franklin Roosevelt
d)
Herbert Hoover
34.

How much did the Reconstruction Finance Corporation loan?

a)

$2 million

b)

$35 billion

c)

$238 million

d)

$53,000

35.

How much money were the Veterans of WWI suppose to receive and in what year were they to get it?

a)

$2,500 - 1930

b)

$2,300 - 1928

c)

$10,000 - 1932

d)

$1,000 - 1945

36.

When consumers no longer borrowed money to purchase products (new items) it led to cuts in production and workers lost their jobs.

a)

true

b)

false

37.

In 1929, 85% of Americans earned 30% of the countries income.

a)

True

b)

False

38.

Which of the following was the largest increase of tariffs on foreign products in US History?

a)

Hawley - Smoot Tariff

b)

McKinley Tariff

c)

Fordney - McCumber Act

d)

Fitch - Deans Tariff

39.

Term - programs financed by the government to put people back to work?

a)

Public works

b)

Installment buying

c)

Bank run

d)

Bull Market

40.

Term - means to only pay a fraction of the cost of a product and make payments on the rest. (ex. radio/cars)

a)

Soap opera

b)

Installment buying

c)

Bonus Army

d)

Public works

41.

When foreign countries were hit with high tariffs in the US they responded by increasing tariffs on American goods in their country.

a)

True

b)

False

42.

Who represented the Democrats in the 1928 election?

a)

Herbert Hoover

b)

Calvin Coolidge

c)

Franklin Roosevelt

d)

Alfred Smith

43.

The first problem that led to the Great Depression and a failure of the stock market was the uneven distribution of income throughout the country.

a)

True

b)

False

44.

_____ became the first Disney move that was a feature-length animated film.

a)

Snow White and the Seven Dwarfs

b)

Steamboat Willy

c)

Pinocco

d)

The Wizard of Oz

45.

What was the school of painting style that was established in the 1930s?

a)

Realism

b)

Regionalist

c)

Modern

d)

Post-Modern

46.

The Reconstruction Finance Corporation, originated by Hoover, made loans directly to American citizens.

a)

True

b)

False

47.

_____ prices on farm goods and an increase of production caused farms to go bankrupt.

a)

higher

b)

lower

48.

Herbert Hoover opposed giving federal relief directly to impoverished families and believed it was the responsibility of the state and local governments.

a)

true

b)

false

49.

The government failed the banks in 1929 because they did not insure people's bank deposits.

a)

True

b)

False

50.

Herbert Hoover was a well-respected politician before becoming President as he served as the Vice President under Warren Harding and Calvin Coolidge.

a)

True

b)

False

51.

AIR TEST - How did the space race between the US and Soviet Union impact U.S. society?

a)

The U.S. government nationalized most large industries.

b)

Science education was given renewed emphasis in the nation's schools.

c)

Public protests grew as opposition against the U.S. space program mounted.

d)

Defense spending was decreased as tensions between the US and Soviet Union lessened.

52.

AIR - Test Select all of the events that resulted from the hostilities between the US and the Soviet Union following World War II.

a)

the space race

b)

the Cuban Missile Crisis

c)

the creation of the NAACP

d)

the enactment of the 1965 immigration Act

e)

the competitive buildup of nuclear weapons

53.

AIR Test - How did US national security policy change at the end of the Cold War?

a)

The US withdrew from NATO

b)

The US reduced defense spnding

c)

The US initiated containment policies

d)

The US eliminated its nuclear program

54.

AIR TEST - Select all the factors that led to the creation of the Environmental Protection Agency (EPA) in the 1970s.

a)

Concern over national security

b)

Concern over pesticide use

c)

Concern over waste disposal

d)

Concern over poverty

e)

Growth of the conservation movement

55.

AIR Test - In the first half of the twentieth century, most immigrants came to the US from European countries. How did the pattern of immigration change between 1950 and 2000?

a)

Most immigrants came to the US from Oceania

b)

Most immigrants came to the US from Australia

c)

Most immigrants came to the US from Latin America

d)

Most immigrants came to the US from the Middle East

56.

AIR Test - Select all the challenges faced by the US since the Sept. 11, 2001 attacks.

a)

Balancing national security and civil liberties

b)

Competing in the space race

c)

Protecting against possible attacks in the US

d)

Countering the use of terrorism

e)

Responding to instablity in the Middle East

57.

Select all of the following statements that consisted of a problem banks had that caused them to close or resulted in the economy sliding into a recession.

a)

Many banks invested depositor's money in the stock market.

b)

Banks continued to make risky loans even after the market failed.

c)

Businesses and consumers didn't borrow as much money.

d)

The Government charged to high of an interest rate to banks borrowing money.

e)

Banks didn't have money to loan.