WorksheetsThe Great Depression
Total questions: 25
Worksheet time: 33mins
The ___________________________ is the total value of goods and services produced by a country.
Sick National Product
Gross National Product
Healthy National Product
The GNP rose during the 1920s, signaling a very healthy economy.
True
False
One industry that was suffering the most post-WWI was.....
automobiles
meat packing
farming
One problem with so many Americans purchasing goods using credit is that many acquired ____________.
wealth
debt
friends
A major problem was the uneven distribution of wealth. A.k.a. "the richer got________, while the poor got _________".
richer; poorer
bigger; smaller
taller; shorter
A purchased piece of ownership in a company is a ______________.
stair
stock
stool
shed
He won the Presidential Election of 1928...
Theodore Roosevelt
Franklin Delano Roosevelt
Herbert Hoover
Because the Dow Jones Industrial Average was high, Americans began to invest heavily into the stock market.
True
False
________ is when you put money into stocks, land, or other property hoping the value will grow.
Investing
Speculating
Wanting
Wishing
A form of risky spending was "buying on margin". This was when you would buy stock now through a loan and then pay for it later once you made a profit.
The problem- if the stock did not do well what happened?
The nation's central bank is known as the _________________. It's job is to take action and set policies to regulate the nation's money supply to promote healthy economics.
Federal Safe
Federal Reserve
Federal Fargo
When stock prices fell so sharply that the American people said it "crashed".
Black Tuesday
Black Friday
Red October
The most severe economic downturn in American history....
The Great Recession
The Great Depression
The Final Countdown
Hundreds of ________ were forced to close because people were withdrawing all of their life savings. This was known as a "___________".
gyms; lift
factories; foolish move
banks; run
When someone cannot make a loan payment, the bank or lender can take back ownership of the property. This is known as ________________.
foreclosure
finders keepers
fools gold
When was the unemployment rate in this country higher?
The Great Depression
COVID
Select all of the ways communities attempted to help the poor:
soup kitchens
bread lines
cash handouts
Those who lost their homes nicknamed their neighborhoods of shantytowns this......
Great Plains
Hoovervilles
Whoville
Machu Picchu
When the Great Plains entered a major drought and produced major storms that would destroy hundreds of miles of land for farmers....
The Dirt Bowl
The Dust Bowl
The Rose Bowl
The Sugar Bowl
_______________ was Hoover's idea that people should become successful because of their own efforts.
Soft individualism
Rugged individualism
Hardcore hits
A successful example of Hoover's associative state philosophy that business and government could work together was the:
Hoover Dam
Hooverville
Hoover vaccuum
Golden Gate Bridge
Hoover failed to provide the American people with.....
direct instructions
direct relief
volunteer jobs
The Smoot-Hawley Tariff ruined trade with European countries.
True
False
Hoover lost faith with the American _____________.
banks
businesses
people
Who did America turn to in the hopes he would lead them out of the Great Depression?
Franklin Delano Roosevelt
John F. Kennedy
George W. Bush
