WorksheetsChapter 23 TEST
Total questions: 23
Worksheet time: 12mins
Situation in which the supply for a manufactured good exceeds the demand.
Under consumption
Regulations
Overproduction
Buying products with money loaned from a bank; Makes it possible to buy expensive items without saving up for them.
Finance
Credit
Debit
When a large number of people began selling most of their stock; Caused panic & more people began selling their stock.
Stock Market Crash of 1929
Economic downturn
The Great Recession
Won the election of 1932 & began his New Deal programs to try & solve the problems of the Great Depression:
Herbert Hoover
Franklin D. Roosevelt
Barak Obama
Teddy Roosevelt
A series of programs aimed at providing relief, recovery, & reform during the Great Depression:
League of Nations
Wilson's 14 Points
New Deal
Check all that apply: which were signals that the U.S. economy was in trouble in the late 1920’s?
Mining, railroads, and clothing manufacturing were in decline.
Americans were buying stocks on margin paying more for stocks than companies were really worth.
The stock market rose at a steady rate keeping pace with the value of companies.
Farmers were unable to pay back debts from WWI
What was the purpose of the Bank Holiday?
Roosevelt hoped to cut down the number of banks by closing them down one by one.
Roosevelt wanted to stop the epidemic of bank closings and restore confidence in banking
Roosevelt wanted to make sure the banks could insure a depositors money up to $2,500.
Roosevelt wanted to give the banks enough time to raise money to pay for the CCC.
Which president created the New Deal programs?
Richard Nixon
Teddy Roosevelt
Franklin Roosevelt
Abraham Lincoln
What nickname was given to the shantytowns?
Hoovervilles
Roosevelt-villes
Lincolnvilles
Nixonvilles
What was the WPA?
The Works Progress Administration
The Works Progressive Administration
The Worker's Probation Administration
The Worker's Protected Administration
Which of the following is NOT a cause of the Great Depression?
Advertisement
Prohibition
Stock Market Crash
Credit
Did the New Deal bring the United States out of The Great Depression?
Yes
No
The Great Depression only took place in the cities.
True
False
The Dust Bowl happened during the Great Depression?
True
False
The 1920s was a decade known as....
The Roaring Days
The Roaring Lions
The Roaring 20's
The Roaring Years
Choose the answer that best describes the Dust Bowl.
When people get a lot of dust in their plates and bowls.
When a dust storm came through Lubbock last year.
A general term for when objects become dirty.
A period of time where a large part of the US experienced drought and huge dust storms.
What human activity was a part of the cause of the Dust Bowl?
Baseball
Building
Over plowing
Driving
What group of people had the worst consequences from the Dust Bowl?
People out West
People on the East Coast
Doctors up North
Farmers in the Great Plains
What problem were both the Civilian Conservation Corps and the Works Progress Administration developed to address?
Overproduction of goods
Excessive stock market speculation
High unemployment
Increased use of credit
A major reason for creating the Tennessee Valley Authority in 1933 was to-
Provide health care benefits to southerners
Evacuate farmers from the impoverished region
Encourage African-Americans to settle in the valley
Improve economic conditions in a poor rural region
The largest New Deal program which worked on public projects such as roads, bridges, public buildings, etc.
Works Progress Administration
Tennessee Valley Authority
World Peace Association
Working Period Administration
What was the name given to the World War I veterans who demanded the early payment of their bonus?
The Veterans Association
Bonus Army
The WWII Bonus Soldiers
Hoovervilles
What answer fills in number three below?
Cycle of Great Depression:
1) demand decreases
2) businesses/ factories cut production
3) ___________________________
4) people have less money to spend
**cycle repeats**
business and factories are forced to drop wages and/or lay off workers
Businesses raise wages to try and help the economy
the President steps in and lowers gas prices
businesses hire more workers
