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Great Depression

Total questions: 13

Worksheet time: 7mins

Name
Class
Date
1.

Social Security, welfare, taxes, CCC were programs to increase government intervention in the US economy in the -

a)

Great Depression Deal

b)

New Deal

c)

New Economic Policy

d)

Keynesian Deal

2.

Nickname for US economy post-WWI, 1920s

a)

Roaring 20s

b)

Boomtime 20s

c)

Boom to Bust 20s

d)

Great Depression

3.

Henry Ford's contribution to the US economic boom?

a)

Powerloom

b)

Lightbulb

c)

Keynesian Economics

d)

Assembly Line

4.

Credit, reparations, loans, WWI production led to

a)

overproduction

b)

underproduction

c)

invisible hands

d)

Communism

5.

Crazy way to invest in the stock market causing inflation

a)

guilds

b)

margin buying

c)

run on banks

d)

credit cards

6.

The failure of secure banking systems was one of cause of the Great Depression.

a)

True

b)

False

7.

New economic strategy that allowed some government participation in the US economy to provide public works jobs. This is a demand-side system.

a)

Keynesian Economics

b)

Laissez-Faire Economics

c)

Supply and Demand Economics

d)

Capitalism

8.

Economist who challenged traditional US laissez-faire, supply-side, capitalistic economics

a)

Voltaire

b)

John Locke

c)

Adam Smith

d)

John Keynes

9.

The Autobahn, dams, roads, bridges, military buildups, Hoover Dam, ejtc. were private, entrepreneurial projects created to provide jobs

a)

True

b)

False

10.

Both Franklin Delano Roosevelt (FDR) in the US and Adolf Hitler in Germany adopted Keynesian Economics to improve their state economies

a)

True

b)

False

11.

The US pulled itself out of the Great Depression while using Keynesian Economics while Germany did not.

a)

True

b)

False

12.

When prices became too high after WWI, buying stopped and prices plummeted...investors lost millions on this day

a)

Black Thursday in 1929

b)

Black Tuesday in 1929

c)

White Army Tuesday in 1929

d)

Bank-Runs in 1929

13.

One reason the US depression became a global depression is that US banks were unable to make loans to the Ottoman Empire, Germany, Italy, etc.

a)

True

b)

False