NEW
Font size
WorksheetsPRACTICE for Great Depression Quiz
Total questions: 29
Worksheet time: 58mins
Why would buying on margin seem like a good idea during the late 1920s?
You only had to use a little of your own money to invest in the stock market
You were guaranteed a massive return on any investment
An investment would double no matter how well the business itself performed
Many investors lost money
How would a decrease in the value of stock affect those who bought on margin?
There would be no impact on those individuals
They could end up owing money and had no way to pay it back
They would have a surplus of funds to pay off their debts
They would be given their money back and be able to pay off their debts
How did workers not being able to afford goods affect factories, farms, and businesses?
It led to an increase in those areas
It led to a decrease in demand and caused those areas to fail
It had no impact on factories or farms, but caused businesses to fail
It only causes a few businesses to close
All of the following groups contributed to banks failing except
People who bought on margin
Farmers who had taken out too many loans
Depositors who placed their life savings in the banks
Banks over-lending funds
If a bank failed and people could not get there before it closed what happened to their life savings?
It was insured by the government so there was no problem
The bank promised to pay them back
Their money was gone
They’d be paid back by those who the bank had loaned their money to
How did businesses try to save themselves when the depression began?
They continued paying workers the same wages
They cut workers and decreased wages for those who remained employed
They took out massive loans from banks
They merged with one another to lower costs and kept all workers
Why did the stock market begin to fail in 1929?
Many of the big investors decided to start selling their stocks and others followed
Fear from the outbreak of war in Europe led to a massive sell off of stocks
Pres. Hoover announced the government would begin regulating the stock market
Communists had attempted to bomb the stock market in New York City
How is the value of stock affected if a massive amount of it is dumped on the market at one time?
It leads to an increase in the value of the stock
It leads to a massive decrease in the value of the stock
There usually is a short period where it decreases and then it greatly increases
There are no changes to the value of the stock
Why did Pres. Hoover respond to the economic depression in the manner he did?
He believed in rugged individualism and laissez faire economics
He believed that the government should do everything it can to help everyone
He believed that the federal government could only help if the people petitioned him directly for assistance
He believed in the prime the pump theory
President Hoover attempted to solve the problems caused by the depression by taking which action?
Passing as many laws as possible to help every American
Loan money to business through the government created Reconstruction Finance Corporation
Giving bonuses to World War One veterans so they could spend the money
Creating social security to free up jobs
President Hoover’s economic theory when it came to addressing the depression is best known as which of the following:
Prime the pump
Trickle down
Swing by the Side
Voodoo Economics
Which of the following terms is given to depression era problems?
Recessionists
Hooverisms
Hundred Dayers
Deficitors
How did Hoover handle the Bonus Army?
he invited the leaders to the White House to address their concerns
he agreed to have the bonuses paid immediately
he called out the US Army to forcibly remove the veterans
he ignore their protests
Why did FDR win the election of 1932?
Most Americans believed that Hoover’s policies were benefiting the nation, but he was too old for the presidency
Hoover had stated he was only running because no one else from the Republican party wanted to run against FDR
Hoover had been implicated in the Teapot Dome Scandal
FDR had promised that the government would take significant action to assist those in need first
How did President FDR plan to address the depression?
By not taking any action
By putting the government to work and take actions to address the depression
By allowing Hoover to continue as president
By allowing Hoover's policies to continue
What was FDR’s plan to address the depression known as?
Great Depression Explanation
The New Deal
Reconstruction Finance Corporation
Roosevelt's Nation Ready Action
This part of Roosevelt's plan to address the depression would aid those in need the most and get people back to work
Relief
Recovery
Reform
Result
This part of Roosevelt's plan to address the depression would put into effect programs to try to prevent another depression
Relief
Recovery
Reform
Result
This part of Roosevelt's plan to address the depression would aid businesses with the goal of restarting the economy
Relief
Recovery
Reform
Result
President FDR’s main economic theory when it came to addressing the depression is best known as which of the following:
Prime the pump
Swing by the Side
Trickle down
Voodoo Economics
How did Pres. FDR keep the American people informed about how he was addressing the depression?
He published a newsletter that was mailed to allow Americans, nationwide known as the ‘pony express’
He conducted radio broadcasts known as ‘fireside chats’
He held weekly television broadcasts known as ‘the weeklys’
He relied on newspapers to do it for him
How did FDR address the issue of banks failing?
He closed all banks nationwide and would only allow them to reopen if they had enough money to cover all funds
He allowed banks to stay open as long as they promised to keep making loans
He authorized the mass printing of paper money
He forced all banks to sell off their land to pay back the funds they had lost
Why was the Wagner Act passed?
To help businesses control workers’ behavior
To protect workers from being fired for joining unions
To raise tariffs on imported goods to help American businesses
To prevent workers from going on strike
Which of the following was not part of the Fair Labor Standards Act?
Setting a minimum wage of 40 cents an hour
44 hour work week
banning of child labor
equal pay for women
This act created the pension system in the United States, provides unemployment insurance, and provides funding for states to support disabled persons and orphans:
Social Security Act
Tennessee Valley Authority Act
Emergency Banking Relief Act
Works Progress Administration Act
The concept of spending more money than the government takes in is known as:
creditory lending
revenue reversals
deficit spending
predatory lending
Why did conservative groups like the Liberty League disagree with FDR’s policies?
They felt he did not do enough to address the problems people were facing
They felt he needed to take stronger actions against banks and rich investors
They felt he was interfering too much with businesses and people’s lives
They wanted heavier taxes on the rich to support the poor
What was the court packing plan?
It was FDR's plan to add more justices to the Supreme Court so he could appoint judges who supported him
It was Congress's way of helping the Supreme Court rule laws unconstitutional
It allowed the Supreme Court to ignore federal laws
Why did FDR want to “reshape the Supreme Court?”
FDR felt they were too old to be on the court
The Supreme Court had been declaring his New Deal programs unconstitutional
To make sure Congress could not influence the Supreme Court
Too many Congressmen were influencing the Supreme Court
