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Causes of the Great Depression

Total questions: 23

Worksheet time: 21mins

Name
Class
Date
1.
This natural disaster served to worsen the effects of the Great Depression on Farmers in the Midwest 
a)
Tornados
b)
Dust Bowl
c)
Black Tuesday 
d)
Hurricanes
2.
When people went to the bank to withdraw their money and the banks had no money was known as the 
a)
Bank Crisis 
b)
Black Tuesday
c)
Stock Market Crash
d)
New Deal 
3.
The President who was mostly blamed for worsening the Great Depression 
a)
Roosevelt 
b)
Eisenhower
c)
Hoover
d)
Jefferson
4.
The collection of markets and exchange where the issuing and trading of equities, bonds and other sorts of securities takes place.
a)
Margin
b)
New Deal
c)
Deficit Spending 
d)
Stock Market 
5.
On October 29, 1929 share prices on the New York Stock Exchange completely collapsed and partially caused the Great Depression.
a)
Black Thursday
b)
Black Tuesday 
c)
Black Friday
d)
Black Sunday 
6.
A time in America following the roaring 20's where America experience rising unemployment that did not end until the onset of World War II. 
a)
New Deal
b)
Roaring 20's
c)
Great Depression
d)
Cold War 
7.
In 1929, the United States entered an economic slowdown called the Great Depression. One of the early events was the stock market crash. What was a major cause of the stock market crash?
a)
Stock prices went up so fast that investors could not keep up with the changes. 
b)
Stock prices fell, investors panicked and sold their stocks, which led to more panic. 
c)
The government decided to close the stock market in New York. 
d)
People decided to invest their money in stock markets in Europe. 
8.
People have different roles in our economic system__producer, provider, consumer, and investor. The person who buys stock in a company is
a)
a consumer. 
b)
a producer. 
c)
a provider. 
d)
an investor. 
9.
Because of the Dust Bowl, many farmers moved to California 
a)
True
b)
False 
10.
Homes that were in parks and built out of cardboard boxes were called Hoovervilles. 
a)
True
b)
False
11.
What was the MAIN cause for the need for soup kitchens during the Great Depression?
a)
increase in food prices
b)
decrease in crop production
c)
high rate of unemployment
d)
exchange rate of the dollar
12.

What caused Herbert Hoover to raise taxes during the Great Depression?

a)

He wanted to prolong the recession for political gain

b)

He thought that raising taxes would make stocks rise immediately

c)

He wanted to balance the federal government's budget

d)

He wanted to redistribute money from the rich to the poor.

13.

Which of the following trends set the stage for the Great Depression?

a)

Americans building up personal debt

b)

Banks making a lot of very safe loans

c)

Americans refusing to play the stock market

d)

A lack of developed farm land in the Midwest and Great Plains

14.

What can you infer about the federal government's economic policies during the Roaring Twenties?

a)

It regulated the stock market tightly

b)

It encouraged saving

c)

It encouraged the fair distribution of wealth

d)

It encouraged spending

15.

Which of the following problems was a key factor that helped lead to both the Great Depression of the 1930s and the economic recession that began in 2008?

a)

Americans were going to too many jazz concerts

b)

Business was booming, and profits were distributed equally among workers and mangers

c)

America was mired in costly wars at both times

d)

Americans were spending too much money they didn't have

16.

Why did so many banks fail during the Great Depression?

a)

Back then, banks had no deposits--they only made loans

b)

The banks had invested all their depositors' money in the stock market

c)

The banks had used their depositors' money to buy automobiles, radios, and other popular inventions.

d)

The bank had made risky loans that weren't paid back

17.

What effect did the Great Depression have on the American economy?

a)

It led to high unemployment and underproduction.

b)

It brougth about large business investments and low taxes.

c)

It created too much money in cirulation and high stock prices.

d)

It increased employment and real estate vaules

18.

What happened to a large number of the banks in the United States during this time period?

a)

banks stayed open

b)

banks were shut down

c)

banks had to pay a fine

d)

banks were destroyed by riots

19.
A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later
a)
Speculation 
b)
Buying on Credit 
c)
Buying on Margin 
d)
Overproduction 
20.

When a large number of customers line up to withdraw cash from deposit accounts from a financial institution

a)

Speculation

b)

Black Friday

c)

Bank Run

d)

Underconsumption

21.
Dorothea Lange was a ____.
a)
doctor
b)
writer
c)
painter
d)
photographer
22.

During what decade did the Dust Bowl occur?

a)

1890's

b)

1930's

c)

1920's

d)

1910's

23.
One of the most famous photographs in American history was taken during the dust bowl. The picture's title is:
a)
Migrant Mother
b)
Mama Worry
c)
Maiden Mother
d)
Mistaken Mother

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