NEW
Font size
WorksheetsChapter 18, Lesson 1
Total questions: 20
Worksheet time: 40mins
In the presidential election of 1928, the Republicans chose __________ to run as their presidential candidate.
Calvin Coolidge
Warren G. Harding
Herbert Hoover
Charles Evans Hughes
In the presidential election of 1928, the Democrats chose _________ to run as their presidential candidate.
Franklin Delano Roosevelt
Alfred Smith
James Cox
John Davis
The unusual thing about the Democratic candidate in 1928 was the fact that he was ____________.
The first socialist to win a major party's nomination for president
The first person from New York to win a major party's nomination for president
The first owner of a monopoly to win a major party's nomination for president
The first Roman Catholic to win a major party's nomination for president
What was the biggest challenge the Democratic candidate had against winning the election?
the prosperity of the 1920's
the corruption of Harding
the low prosperity of U.S. farmers
the concern for race relations
On Inauguration Day, Hoover said, "I have no fears for the future of our country. It is bright with hope." What gave Hoover the optimism he referred to in his Inaugural Address?
Oil had been discovered in ND
SD had entered the Union
Al Capone had just been captured
There was a long period of rising stock prices
When the Stock Market experiences increased investment and prolonged increases in stock prices, we say the Stock Market is experiencing a ________ market.
Bear
Kangaroo
Bull
Dove
One of the problems with the Stock Market was the fact that people were purchasing stock on margin. What does "purchasing stock on margin" mean?
People who should've used their money to purchase needed supplies but chose to buy stock instead.
People who were on the margin between the middle and upper classes and purchased stock.
People who purchased stock with a little money and borrowed the rest to purchase stock.
It's the uneven income distribution between people of all classes who purchase stock.
One of the problems of the rising Stock Market during the late 1920's was that people were engaged in "speculation." What does that mean?
People invested in the stock market because they wanted to invest in the true worth of a company.
People invested in the stock market because they were hoping the market would continue to rise, thus enabling them to sell the stock and make quick money.
People invested in the stock market because they wanted to give back to their country and to industry. They did not care if they made money on their investments.
People invested in the stock market because they wanted to become investment brokers themselves and this was the best way to do that.
The first big plummet of the Stock Market occurred on Thursday, __________.
October 21, 1929
October 24, 1929
October 29, 1929
October 31, 1929
The steepest decline of the Stock Market occurred the following week on "Black Tuesday". That day was __________.
October 21, 1929
October 24, 1929
October 29, 1929
October 31, 1929
A __________ takes place when many depositors decide to withdraw their money at one time because they fear that the bank may fail.
Margin Call
Speculation Call
Gold Run
Bank Run
The roots of the Great Depression had to do with all of the following EXCEPT:
An uneven distribution of income
Low interest rates
People purchased too much stock
Overproduction of goods
How did an uneven distribution of income cause the Great Depression?
More than two-thirds of Americans owned 80% of the nation's wealth and earned more than $2,500 a year.
Most Americans were worked hard and their wages increased by 15% by 1930.
The top 5% of all Americans earned 30% of the nation's wealth.
Most Americans had plenty of disposable income. They just did not want to spend their money.
After the Stock Market crashed at the end of October 1929, Congress made matters worse by increasing the ________. This made it hard for U.S. businesses and manufactureers to sell their goods overseas.
Interest rates
Debt limit
Tariff
Production of goods
One industry that did not share in the prosperity of the 1920's was ________. These guys produced more to feed soldiers in Europe during World War I, but when the war ended their goods dropped drastically in price.
Automobile production
Farming
Alcohol
Movie production
The two "beasts" that represent whether the economy is doing well or not are the ______ and the _____?
Owl and Eagle
Kangroo and Giraffe
Bear and Bull
Cat and Dog
What was a "margin call"?
It occurred when a girlfriend or boyfriend backed out of a date at the last minute.
It occurred when bankers paid out its clients in hard specie.
It occurred when a stock broker called on you to pay back the money he loaned you to purchase stock.
It occurred when a baseball player slipped under a slide at second, third or home plate.
When was "Black Thursday"?
October 4, 1929
October 14, 1929
October 24, 1929
October 30, 1929
When was "Black Tuesday"?
October 2, 1929
October 12, 1929
October 20, 1929
October 29, 1929
One underlying cause of the Great Depression was the fact that when the depression hit, many people stopped purchasing goods. This led factories and companies to _______?
Hire more people
Lay off people
Fire people for overproducing
Accuse people of being communists
