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WorksheetsUnit 9: Great Depression - Lesson 30-33
Total questions: 55
Worksheet time: 28mins
What happened on Black Tuesday?
it was the day that stocks lost their value all at once; stock prices plunged and many tried to sell their stocks but there were very many buyers
it was the day that stocks none lost their value all at once; stock prices consisted and many tried to sell some stocks but there were few buyers
it was the day that stocks lost their value all at once; stock prices plunged and many tried to sell their stocks but there were very few buyers
When was black Tuesday?
September 29, 1929
October 29, 1939
Octopus 29, 1929
October 29, 1929
December 29, 1929
What is a bull market?
a high rise in stock prices over a long period of time
a steady rise in stock prices over a long period of time
a steady drop in stock prices over a long period of time
a steady drop in bread prices over a long period of time
a steady rise in stock prices over a short period of time
What does "buying on margin" mean?
to only pay for part of a stock’s price and borrow the rest from the banker (the person selling stock)
to only pay for the whole of a stock’s price and borrow the rest from the broker (the person selling stock)
to only pay for part of a stock’s price and borrow the rest from the broker (the person selling stock)
to only pay for none of a stock’s price and borrow the rest from the broker (the person selling stock)
What is a bear market?
a steady rise in stock prices over a long period of time
a steady drop in stock bread over a long period of time
a steady drop in stock prices over a long period of time
a steady rise in stock prices over a short period of time
a steady drop in stock prices over a short period of time
Why did the banks run out of money?
banks provided risky loans to stockbrokers to loan to people buying on margin
when the stock market crashed, the loans were not repaid
when people panicked and went to their banks to get their money out, the banks soon ran out of cash
when large numbers panicked depositors lined up to attempt to withdraw their money causing the bank to close its doors when it ran out
many families lost their life savings overnight
What does overproduction mean?
when there are not enough consumers to buy the products rolling off the assembly line
when people are not purchasing as many goods as the economy is producing
What led to Americans personal debt doubling between 1921 and 1929?
Using credit for purchases
Corruption within the goverment
Banks failed to fulfill loans
The advertisement industry
What is underconsumption?
when there are not enough consumers to buy the products rolling off the assembly line
when people are not purchasing as many goods as the economy is producing
Two groups that felt the dual effects of overproduction and underconsumption were:
Farmer
Workers
Women
African-Americans
American Industry
Whether businesses decreased production or went bankrupt the result for the workers was the same:
By 1933 the unemployment rate was:
Unemployment
Employment
35%
20%
25%
What is the purpose of the Federal Reserve System, or "The Fed"?
Doesn't manage the Nation's Money Supply
Manages the Nation's Money Collection
Manages the Nation's Money Supply
Manages the Nation's Bread Supply
Manages the International's Money Supply
How did the Fed's increasement in interest rates negativity impact businesses?
Higher interest rates kept businesses from getting the capital (money) they needed to survive.
The money supply dropped by one third between 1929 and 1933.
How did the troubles in Europe impact the Great Depression in the US?
The U.S. enacted tariffs which made European goods more expensive. Europe did the same to the U.S.
European Allies were having trouble paying back war loans to the U.S.
Europe needed to sell their factory goods to the U.S. to pay off loans from the war
WWI left Europe in shambles
Germany was borrowing money from the U.S. to pay war reparation
Tariffs on both sides on the Atlantic led to:
Slump in the global medicine
Rapid Downfall in the global economy
Slump in the global economy
Slump in the national economy
What is the Bonus Army?
WWI veterans were promised a “bonus” for their service to be paid out in 1945.
The veterans needed the bonus money now, so they marched on Washington, D.C. to get it.
What is ideology?
system of beliefs and practices, involving relations with a superior principle and specific to a social group
the study of the fundamental nature of knowledge, reality, and existence, especially when considered as an academic discipline
a basic set of ideas, beliefs, and values that form the basis of a social, economic, or political philosophy or program
beliefs that justify particular social arrangements, including patterns of inequality
What is a conservative?
Someone who Seeks to Preserve Traditional Customs and Values
Republican Party
Like the "Status Quo"
Someone Committed to the Expansion of Liberty
What is a business cycle?
typically refers to different phases in the stock market
a pattern in which economic growth is followed by decline, panic, and eventual recovery
downward and upward movement of gross domestic product (GDP) around its long-term growth trend
the expansion and contraction of access to credit over time
What was the conservative view of the growing hardship of of many suffering and needy Americans?
Charities and local governments take a shrinking responsibility for providing basic necessities to the needy
Charities and local governments take a growing non-responsibility for providing basic necessities to the needy
Charities, local governments, and funds take a growing responsibility for providing basic necessities to the needy
Charities and local governments take a growing responsibility for providing advanced necessities to the needy
Charities and local governments take a growing responsibility for providing basic necessities to the needy
What is a liberal?
Someone who Seeks to Preserve Traditional Customs and Values
Democrats
Like the "Status Quo"
Someone Committed to the Expansion of Liberty
Name some proposals made by liberals at the beginning of the Great Depression
increased spending on public works
raising money for social welfare
imposing new taxes on corporations and the wealthy
promoting for public works
What are public works?
a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole
government-funded construction projects
people-funded construction projects
government-funded construction works
providing aid to those in need
What are social welfare programs?
not providing aid to those in need
something wealthy people may or may not give to the poor
providing aid to those in need
providing aid to those are not in need
a political, social and economic philosophy encompassing a range of economic and social systems characterised by social ownership of the means of production and workers' self-management of enterprises
Why did the president not allow the government to get involved?
Roosevelt worried that federal relief would cause people to become dependent on government handouts.
He worried that breadlines and soup kitchens caused people to be dependent on government handouts.
He worried that federal relief would cause people to become dependent on government handouts.
Hoover worried that government disinvolvement would cause people to become dependent on government handouts.
What were Hoovervilles?
consisted of dozens or hundreds of shacks and tents that were temporary residences of those left unemployed and homeless by the Depression
built out of cardboard and tar paper
shanty towns that homeless people built in many cities
What is the trickle-down-theory?
By stimulating economic growth, businesses would begin hiring people and prosperity would trickle-down to help the needy.
A macroeconomic theory arguing that economic growth can be most effectively created by lowering taxes and decreasing regulation, by which it is directly opposed to demand-sides economics.
What did President Hoover finally do to remove the 10,000 Bonus Army veterans from Washington?
Flashbangs
Tear Gas
Shooting guns in the Air
Flamethrowers
Tanks
What was the New Deal?
to do whatever is necessary to destroy the needy and promote recovery
to do whatever is unnecessary to help the needy and promote recovery
to do whatever is necessary to help the needy and promote recovery
to do whatever is necessary to help the needy and promote discovery
What does President Roosevelt say is the only thing Americans have to fear?
"The only thing we have to fear is fear itself.”
"The only thing we have to not fear is fear itself.”
Why was the first three terms of Roosevelt's presidency known as the First Hundred Days?
Congress vetoed a record number of bills
Congress enacted a record number of bills
Government enacted a record number of bills
Congress enacted a steady decline number of bills
Civilian Conservation Corps:
put jobless young men to work planting trees and maintaining forests
tried to make farming profitable again by reducing overproduction and raising crop prices
required companies issuing stock to provide full and accurate information to investors
Agricultural Adjustment Act
put jobless young men to work planting trees and maintaining forests
tried to make farming profitable again by reducing overproduction and raising crop prices
required companies issuing stock to provide full and accurate information to investors
The Truth-in-Lending Act:
put jobless young men to work planting trees and maintaining forests
tried to make farming profitable again by reducing overproduction and raising crop prices
required companies issuing stock to provide full and accurate information to investors
What percentage of American were out of work?
50% ~ 30 million
20% ~ 10 million
30% ~ 15 million
25% ~ 13 million
5% ~ 5 million
What was the unemployment rate for African Americans?
10%
30%
50%
70%
90%
What does foreclosure mean?
that individuals can emerge from it with no debts except a mortgage, car payments, student loans and unpaid child support
transaction occurs when mortgage lenders allow the borrower to sell the house for less than the amount owed on the mortgage
banks are motivated to sell these properties at the best possible price to recoup as much of the debt as they can
a legal process that allows a lender to take over the property it helped a borrower to buy
List several effects of the great depression on American Families.
the divorce rate dropped
teenagers asked to leave when costs were too high
marriages were postponed
birth rates dropped
families moved in together
What is a soup kitchen?
It is a place where someone could get a free meal.
It is a long line of people waiting for their bowl of soup and a piece of bread
became a common sight in most cities
82 soup kitchens in New York served 85,000 meals per day
What is a bread line?
It is a place where someone could get a free meal.
It is a long line of people waiting for their bowl of soup and a piece of bread
became a common sight in most cities
82 soup kitchens in New York served 85,000 meals per day
What two natural events occured on the great plains in the summer of 1931 that led to the disaster for many farmers?
Rain abruptly stopped
Tornadoes occurred
Droughts
Strong winds began to blow
Dust Storms
What is a Black Blizzard?
a severe snowstorm with high winds and low visibility
high winds dried out the topsoil and lifted it into thick clouds of blowing dust.
high winds dried out the topsoil and lifted it into thicc clouds of blowing dust.
high winds dried out the bottomsoil and lifted it into thick clouds of blowing dust.
What was the name given of the region of this natural disaster?
Dust Bowl
Black Bizzard
Bowling Dust
San Francisco Earthquake
Grapes of Wrath
List several factors that led to the desertification of the Great Plains:
removal of native drought resistant plants
over grazing of cattle
droughts occured
poor farming practices
migration throughout the great plains
What led to depopulation loss of residents, in the Dust Bowl region?
many people just gave up hope and left
poor farming practices
banks foreclosing on farms
breathing the dust made people sick
What were this people who left the Dust Bowl region called?
Okiees
Okay
Ockies
Okies
Crusty Dusty
While their work might not be what they had once hoped, they prefered _____ over _____.
Unemployment
Employment
Government reliefs
Government finances
What was the Federal Emergency Relief Administration?
an agency that was established to grant bread to states for relief projects
an agency that was established to grant money to states for relief props
all agency that was established to grant money to states for relief projects
an agency that was established to grant money to countries for relief projects
an agency that was established to grant money to states for relief projects
The New Deal policies _________ end the depression.
Did
Did Not
The New Deal did:
Help survive the difficult period
Gave homeless and unemployed men and women, homes and jobs
Impacted the US government + society
What is a welfare state?
an economic system in which prices and wages are determined by unrestricted competition between businesses, without government regulation or fear of monopolies
protection of the individual against economic hazards in which the government participates or enforces the participation of employers and affected individuals
a social system in which the government takes responsibility for the economic well being of its citizens by providing programs and direct assistance
What is deficit spending?
a government practice of spending more money than revenue
the result of the federal government borrowing money to cover years and years of budget deficits
a situation in financial planning or the budgeting process where total revenues are equal to or greater than total expense
Conservatives during the New Deal thought the growth in the government's size and power:
more global control
strangled business
less local control
How do conservatives and liberals view on big governments?
Conservatives:
Complain about higher taxes, less local control
It's essential to a good and just society
How do conservatives and liberals view on big governments?
Liberals:
Complain about higher taxes, less local control
It's essential to a good and just society
