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WorksheetsUnit 1 Review
Total questions: 20
Worksheet time: 20mins
Name
Class
Date
1.
Which of these is an example of deregulation? (1.1L)
a)
Removing minimum wage requirements
b)
Banning child labor
c)
Outlawing stock market speculation
d)
Requiring low fees on loans
2.
The rise in consumerism and availability of new household goods caused…(1.1L)
a)
many households to go into debt
b)
an increase in the average standard of living
c)
many businesses to go bankrupt
d)
a decrease in the average standard of living
3.
What are advantages of buying goods using credit? (1.1L)
a)
Allows more people to use new products
b)
Requires the economy to keep growing to keep working
c)
Allows consumers to purchase goods with little money down
d)
Helped businesses grow due to higher sales
4.
The Immigration Act of 1924 favored immigrants that were… (1.1L)
a)
White and Protestant
b)
White and Catholic
c)
Asian and Protestant
d)
German and Catholic
5.
When stock prices are manipulated to make companies seem more valuable (1.2L)
a)
Speculation
b)
Regulation
c)
Buying on Margin
d)
Margin Call
6.
When a country prints a large amount of money, causing the money to lose value (1.2L)
a)
Inflation
b)
Deflation
c)
Regulation
d)
Habitation
7.
When on the ___, the dollar was more valuable BUT harder to get (1.2L)
a)
Gold Standard
b)
Silver Diet
c)
Crystal Constitution
d)
Platinum Declaration
8.
Why did banks start speculating in the stock market in the 1920's? (1.2L)
a)
They had loaned out more money than they had on hand
b)
They were serving as stockbrokers for their customers
c)
Many of the companies on the stock market owed them
d)
It was the easiest way to convert dollars to gold
9.
What is "buying on margin"? (1.3L)
a)
Borrowing money to buy stocks
b)
Paying a fee to a stockbroker
c)
Hoover's plan to stabilize the stock market
d)
The new competitor to "I Can't Believe It's Not Butter"
10.
If you stockbroker did this, it means you were probably going to lose a lot of money (1.3L)
a)
Issued a margin call
b)
Hit a three-pointer
c)
Made a hole-in-one
d)
Got a bullseye
11.
What was a direct result of people going bankrupt and not paying back loans/credit payments? (1.3L)
a)
Banks ran out of money
b)
The government ran out of money
c)
Banks had to issue more loans
d)
The government had to issue more loans
12.
The Smoot-Harley Act caused fewer American goods to be sold overseas due to… (1.3L)
a)
Tariffs
b)
War
c)
Treaties
d)
Embargos
13.
The main purpose of Hoover's Federal Farm Board was to... (1.4L)
a)
help farmers organize to prevent overproduction
b)
lead a government takeover of all farms
c)
provide farms with seeds and supplies
d)
enact strict safety standards on farms
14.
Who said it?: "The federal government should not interfere in the economy, even to provide relief" (1.4L)
a)
Herbert Hoover
b)
FDR
15.
Hoover's plan to have companies agree to keep wages high worked, and quickly ended the Great Depression (1.4L)
a)
false
b)
true
16.
This group was attacked by the US Army when they occupied Washington DC (1.4L)
a)
Bonus Army
b)
Steamboat Armada
c)
Extra Credit Navy
d)
Jackpot Brigade
17.
Which was NOT one of the "Three R's" of the New Deal? (1.5L)
a)
Restore
b)
Relief
c)
Recovery
d)
Reform
18.
The public gained trust in the banking system after… (1.5L)
a)
FDR's Bank Holiday
b)
The creation of the FDIC
c)
The dollar was taken off the gold standard
d)
Stockbrokers were placed on trial
19.
The New Deal _______ the role of the federal government in the economy (1.5L)
a)
increased
b)
decreased
c)
removed
20.
This gave workers the right to join a union, collectively bargain, and go on strike (1.5L)
a)
Wagner Act
b)
Works Progress Administration
c)
Tennessee Valley Authority
d)
Robertson Commission
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