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Great Depression Quiz

Total questions: 25

Worksheet time: 13mins

Name
Class
Date
1.
Which of the following statements best describes what happened on Black Tuesday?
a)
Stock prices fell and the stock market crashed.
b)
Bank runs forced many banks to close their doors.
c)
Federal troops attacked the Bonus Army marchers.
d)
The Supreme Court ruled that the NRA was unconstitutional.
2.
A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later
a)
Speculation 
b)
Buying on Credit 
c)
Buying on Margin 
d)
Overproduction 
3.
This is the idea that the rich become richer, while the poor become poorer
a)
Black Tuesday 
b)
Speculation 
c)
Unequal distribution of wealth
d)
Buying on Credit 
4.
When a large number of customers line up to withdraw cash from deposit accounts from a financial institution
a)
Speculation 
b)
Black Friday 
c)
Bank Run 
d)
Underconsumption 
5.
When the purchase of goods and services is at a lower level then the supply (not enough goods are being purchased by consumers)
a)
Underconsumption
b)
Overproduction 
c)
Speculation 
d)
Buying on Margin 
6.
This is making a very risky investment in the stock market, in hopes of earning a large profit
a)
Speculation 
b)
Buying on Margin 
c)
Bank Run 
d)
Bull Stock 
7.
A sudden dramatic decline of stock prices, resulting in a significant loss of wealth.
a)
Bull Market 
b)
Speculation 
c)
Bank Run 
d)
Stock Market Crash 
8.
This cause led many businesses to close, because they were producing more goods than consumers were willing to buy.
a)
Overproduction 
b)
Underconsumption 
c)
Buying on Credit 
d)
Stock Speculation 
9.

When companies produce too much of a product & can't sell it:

a)

Underconsumption

b)

Overproduction

c)

Regulations

10.

Environmental disaster that hit farmers on the great plains; Large dust storms made it impossible to farm:

a)

Great Migration

b)

1930s Wind Storms

c)

Dust Bowl

11.

Refers to the number of healthy people willing to work & unable to find any:

a)

Employed citizens

b)

Unemployment

c)

Drought

12.

Camps of homeless people in homemade shacks:

a)

Hoovervilles

b)

Homeless shelters

c)

Soup kitchens

13.

Won the election of 1932 & began his New Deal programs to try & solve the problems of the Great Depression:

a)

Teddy Roosevelt

b)

Franklin D. Roosevelt

c)

Herbert Hoover

14.

A series of programs aimed at providing relief, recovery, & reform during the Great Depression:

a)

New Deal

b)

League of Nations

c)

Wilson's 14 Points

15.
The mass movement of poor, southern black families to the north was called...
a)
The Great Gatsby
b)
The Great Oz
c)
The Great Migration
d)
The Great Motion
16.
This program offered jobs to single young men building bridges, working on roads, parks, dams, etc.
a)
THe Civilian Conservation Corp
b)
The Cool Conservative Company
c)
The Creepy Cold Constitution
d)
The Civilian Coal Company
17.

Which of the following is NOT a cause of the Great Depression?

a)

Overproduction and underconsumption

b)

High tariffs restricting trade

c)

buying stocks on the margin

d)

high income taxes

18.

What was President Herbert Hoover's response to the Great Depression?

a)

He believed "rugged individualism" would solve the economy

b)

He created mass welfare

c)

He increased infrastructure to create jobs

d)

He violated his policy of laissez-faire

19.

Why did many midwestern farmers migrate from the Great Plains to California?

a)

There was no unemployment on the West Coast

b)

California was experiencing a gold rush

c)

The Dust Bowl pushed farmers out of the Great Plains

d)

The Stock Market crash led farmers to lose their homes on the Great Plains

20.

How did Americans feel about Hoover's approach to the Great Depression?

a)

They accepted his "hands-off" approach and policy of "rugged individualism"

b)

They were glad that Hoover did not increase federal programs and therefore increase taxes

c)

They expected Hoover and the federal government to help them, and nicknamed shantytowns "Hoovervilles" in anger

d)

They began promoting radical communism in an attempt to overthrow Hoover's capitalist policies

21.
In the 1930's, people would line up at ____________ to get food.  These were normally run by charities.
a)
churches
b)
businesses
c)
soup kitchens
d)
work
22.

How did overproduction of U.S. goods by manufacturers contribute to the Great Depression?

a)

by prompting businesses to build factories in more locations

b)

by encouraging businesses to employ more workers

c)

by resulting in large unsold inventories due to market saturation

d)

by causing an increase in prices of goods in foreign markets

23.

How did participation in World War I affect U.S. agriculture at the end of the war?

a)

The United States government offered opportunities for returning veterans in the agricultural sector.

b)

The agricultural sector increased exports in order to raise profits.

c)

Overproduction of farm goods during the war led to a collapse in agricultural prices

d)

The United States government created free trade agreements to increase markets for agricultural products.

24.

Which conditions are most characteristic of an economic depression?

a)

too much money in circulation and high stock prices

b)

high employment and increased real estate investments

c)

large business investments and low taxes

d)

high unemployment and overproduction

25.

Which of the following is a CAUSE of the Great Depression?

a)

Industries are less competitive because of outdated equipment

b)

Farmers produce more than they can sell

c)

There is an availability of easy credit

d)

There is an unequal distribution of income

e)

All of theses are causes of the Great Depression