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USH (A) CH 30-33 Unit Review

Total questions: 71

Worksheet time: 6hrs 55mins

Name
Class
Date
1.

When an investor pays 10% of the face value of a stock on credit?

a)

Bear Market

b)

Bull Market

c)

Speculation

d)

Margin Buying

2.

Ignoring risks, buying stocks and bonds to make a quick profit

a)

Speculation

b)

Black Tuesday

c)

Buying of the margin

d)

Bull Market

3.
This is the process of taking money borrowed from the bank or a broker, and putting it into the stock market
a)
Buying on Margin 
b)
Speculation 
c)
Buying on Credit 
d)
Overconsumption 
4.

What were the 4 causes of the Stock Market Crash?

a)

FDR, The New Deal, The Second New Deal, Roaring Twenties

b)

Herbert Hoover, Hobos, Riding the Rails, Credit

c)

Buying on Margin, Excessive Lending, Speculation, Roaring Twenties

5.

People make money in the stock market by buying stocks and ________.

a)

selling them for lower prices

b)

selling them for higher prices

c)

never selling them

d)

all of the above

6.

In what year did the Stock Market Crash?

a)

1920

b)

1925

c)

1929

d)

1932

7.
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.
8.
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 
9.

How did industrialization help the American economy?

a)

The country had numerous modern factories that could produce desired goods

b)

More markets available tor the to BUY goods

c)

Cash Crops become highly sought after World War 1

d)

More markets available for them to SELL goods

10.

What is a stock?

a)

Becoming partners with a bank

b)

trading business assets amongst corporations

c)

ownership of a fraction of a company

d)

one business buying out a smaller one

11.

Black Tuesday happened on what date?

a)

Tuesday October 29, 1939

b)

Tuesday October 29, 1929

c)

Tuesday October 29, 1919

d)

Tuesday October 29, 1922

12.

True or False: 16 million stocks are sold and billions are lost.

a)

False

b)

True

13.

True or False: People were purchasing products that they could not afford.

a)

True

b)

False

14.

True or False: People used loans to get involved with the stock market.

a)

False

b)

True

15.

A time when the stock market is strong and doing well

a)

Bear Market

b)

Speculation

c)

Bull Market

d)

Buying on Margin

16.

______ is a percentage that someone must pay back ON TOP Of a loan

a)

Interesting

b)

Interest

c)

Interstate

d)

Intersect

17.

What does the term "laissez-faire" mean?

a)

Hands-off approach - less government interference

b)

Hands-on approach to the economy

c)

Fancy French word for economy

d)

a policy of exploiting colonies to help boost the economy

18.

Which of the following is NOT a reason for the Stock Market Crash

a)

Laissez-Faire Economics

b)

Speculation

c)

Bank Runs

d)

Buying on Margins

19.

In the year 1929 who was the President of the United States?

a)

Herbert Hoover

b)

Hoover Herbert

c)

Hoover Vacuum

d)

Herbert Hooper

20.

Which of the following accurately describes how foreign policy contributed to the Great Depression?

a)

German aggression threatened war, causing massive military buildups and draining treasuries

b)

European factories produced automobiles, challenging American manufacturing dominance.

c)

American tariffs slowed global trade by reducing exports, harming worldwide economies.

d)

South American sugar producers slowed production, straining worldwide supply chains.

21.

How did the stock market crash of 1929 contribute to the Great Depression?

a)

After the crash, wealthy people took the money they had and moved abroad.

b)

The crash left the economy too weak to overcome bigger challenges.

c)

The poor had invested heavily in the stock market and lost whatever money they had.

d)

Wall Street traders lost their jobs, creating massive unemployment.

22.

What was the goal of the Bonus Army in 1932?

a)

to set up Hoovervilles

b)

to participate in an antiwar protest

c)

to lobby for legislation to get bonus pay early

d)

to gather for a World War I veterans’ reunion

23.

Hoover established the Reconstruction Finance Corporation to

a)

establish new public works projects.

b)

provide relief to farmers.

c)

provide loans to businesses.

d)

regulate the banking industry.

24.

What forced banks to close during the Great Depression?

a)

Huge amounts of inflation

b)

War in Europe

c)

Investors unable to pay loans and bank runs

d)

Not enough people invested in the Stock Market

25.

Who would lose money/their savings if the banks failed in the 1920s/30s?

a)

Speculators

b)

Big Business

c)

Everyone

d)

The working class

26.
People who could no longer afford their homes were forced to live in cardboard shacks that they built in public parks. What were these shacks called?
a)
Shantyshacks
b)
Town Homes
c)
Tenement Housing
d)
Hoovervilles
27.
Which of the following is a term for buying something now and paying for it later?
a)
Credit 
b)
Debit
c)
Speculation 
d)
Investment 
28.

Period of time beginning in 1929 and lasting through the 1930s where people lost jobs and didn’t have enough food; the economy took a downfall

a)

The Great Depression

b)

The Great Recession

c)

The New Deal

29.

takes place when many depositors decide to withdraw their money at one time.

a)

bank run

b)

Stock Market Crash

c)

long bull market

30.

drought-related conditions in the Great Plains states.

a)

Dust Bowl

b)

Acai Bowl

c)

Duster

31.

agricultural migrant workers in California who came from Oklahoma.

a)

Okies

b)

Pokies

c)

Dust Bowl

32.

helped Americans recover from the Depression

a)

President Franklin D. Roosevelt

b)

President Herbert Hoover

c)

Dust Bowl

33.

Roosevelt’s policies for ending the Depression

a)

New Deal

b)

Real Deal

c)

Square Deal

34.

Direct talks FDR held with the American people to let them know his plan

a)

Fireside Chats

b)

IG Chat

c)

Radio Talks

35.

closing the remaining banks before bank runs could put them out of business

a)

Bank Holiday

b)

Bank Run

c)

Margin Call

36.

Program that provided aid to people with disabilities and pensions for retired workers

a)

Social Security

b)

Civilian Conservation Corps

c)

Works Progress Administration

37.

Land was _______, there was very little ______, and there was an excess of loose topsoil. When a strong wind came it created a massive dust storm covering a portion of the US. This would be come known as the _______.

(a)  

38.

What did Hoover encourage in order to help fix the Great Depression?

a)

Nothing. It was natural

b)

Volunteerism

c)

Building Hoovervilles

d)

Buying more stock

39.

What were two basic causes of the Dust Bowl during the early 1930s?

a)

strip mining and toxic waste dumping

b)

over farming and severe drought

c)

clear-cutting of forests and construction of railroads

d)

overpopulation and urban sprawl

40.

The main purpose of New Deal measures such as the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) was to

a)

provide immediate employment opportunities

b)

develop rules to limit speculation and safeguard savings

c)

enable the Federal Government to take over failing industries

d)

assure a guaranteed income for American families

41.

What was the most likely cause of the election results shown on the map?

a)

Most voters blamed President Herbert Hoover for the Great Depression.

b)

It is difficult to defeat an incumbent (sitting) president.

c)

Franklin D. Roosevelt had more business experience than Herbert Hoover.

d)

Republican Party popularity had been declining for several elections.

42.

Overproduction and underconsumption factored into causing the Great Depression by

a)

causing falling prices on goods.

b)

forcing a decrease in mechanization.

c)

leading to more spending than saving.

d)

scaring farmers into growing fewer crops.

43.

An obvious defect in the United States' banking system that was exposed during the Great Depression was

a)

excessive government regulation of banks.

b)

the federal government's ownership of banks.

c)

an excessive amount of currency in circulation.

d)

the lack of protection for funds deposited by individuals in banks.

44.

A major criticism of President Franklin D. Roosevelt's programs to combat the Great Depression was that these programs

a)

reduced the power of the federal government.

b)

provided too much protection for big business.

c)

ignored the plight of homeowners with mortgages.

d)

made people dependent on the federal government.

45.

This photograph is called "Migrant Mother," and was MOST associated with which of these issues?

a)

Families losing their homes as a result of the Dust Bowl.

b)

Families losing their savings as a result of the stock market crash.

c)

Families losing their jobs as a result of underconsumption of goods.

d)

Families sending their children to live with relatives due to unemployment.

46.

What forced banks to close during the Great Depression?

a)

Huge amounts of inflation

b)

War in Europe

c)

Investors unable to pay loans and bank runs

d)

Not enough people invested in the Stock Market

47.

FDR helped gain peoples trust by reassuring them that he had a plan to help fix the Great Depression. What did he call this program?

a)

The New Deal

b)

The Fair Deal

c)

The Square Deal

d)

The Bad Deal

48.

The man who promised a “New Deal” for America was

a)

Franklin D. Roosevelt

b)

Ike Eisenhower

c)

Herbert Hoover

d)

Harry Truman

49.

During the Great Depression, who wanted a "share the wealth" plan?

a)

Huey Long

b)

Francis Townsend

c)

Charles Coughlin

d)

Herbert Hoover

50.

After the Stock Market Crash of 1929, what did President Hoover recommend for Americans?

a)

Withdraw all of your money from the banks

b)

Take advantage of the stock "sale" and buy more

c)

Handle business as usual

d)

He Ignored it and didn't recommend anything

51.

Who primarily benefited from the 2nd New Deal (1934-1941)?

a)

Big Pharma

b)

Big Business

c)

Small Farms + Labor

d)

Oil industry

52.

Where could people go to get free or reduced-price food?

a)

Restaurants, right before closing

b)

City Hall

c)

Schools

d)

Soup Kitchens

53.

True or False: Conditions for Minorities improved during the Great Depression

a)

True

b)

False

54.

During the Great Depression, who demanded a "living wage"?

a)

Francis Townsend

b)

Herbert Hoover

c)

Huey Long

d)

Charles Coughlin

55.

What was Black Tuesday?

a)

A massive sale that companies held once a year

b)

The day the Dust Bowl hit

c)

The 1929 collapse of the Stock Market

d)

The total eclipse of 1929

56.

How did Hoover win the 1928 election?

a)

He emphasized the years of prosperity under previous Republicans

b)

Americans were looking for a change

c)

He ran unopposed

d)

He was known as a "man of action"

57.

What factor did not contribute to the Dust Bowl?

a)

The Hoover Dam

b)

Overgrazing

c)

Unusual Weather Conditions

d)

Overplowing

58.

What did RRR stand for in Roosevelt's New Deal?

a)

Revert, Reduce, Recover

b)

Restore, Recover, Readjust

c)

Relief, Recovery, Reform

d)

Reform, Restore, Reclaim

59.

Thousands of World War I veterans came to Washington, D.C., in 1932 to lobby Congress to

a)

give bonus payments to war veterans and their families.

b)

pass legislation giving veterans their promised bonuses early.

c)

provide public works jobs for unemployed veterans.

d)

provide military jobs for family members of veterans.

60.

What problem were both the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) developed to address?

a)

Excessive stock market speculation

b)

High unemploment

c)

Increased use of credit

d)

Overproduction of goods

61.

Franklin D. Roosevelt took many actions during his “First Hundred Days” in the White House in 1933, but what was the FIRST thing he did?

a)

close all of the nation’s banks and order inspections of those banks

b)

end slavery

c)

borrow money from China

d)

desegregate the Military

62.
Franklin Roosevelt's "court-packing plan" was a serious mistake because-
a)

Many Americans opposed the idea of forced retirement

b)

The angry judges reacted by striking down much of the New Deal legislation

c)

It appeared to interfere with the Constitution's separation of powers

63.

Why did President Franklin D. Roosevelt attempt to “pack” the U.S. Supreme Court in 1937?

a)

he was angry that the court had ruled some of his New Deal programs unconstitutional

b)

he wanted to appoint a number of his friends to the court

c)

he felt that having so many older men on the court was dangerous for the nation

d)

he was having a bad week

64.

The Wagner Act (the National Labor Relations Act) forced employers to

a)

bargain collectively with worker-elected union representatives.

b)

end prohibition

c)

share their profits with their employees collectively

d)

hire undocumented illegal immigrants

65.

FDR's most popular economic programs that provided jobs for the people were collectively called...

a)

Alphabet Soup Agencies

b)

Spaghetti Soup Agencies

c)

Chicken Soup Agencies

d)

Soup Agencies

66.

One of The New Deal's programs that still exists today is the...

a)

18th Amendment

b)

Public Works Administration

c)

Tennessee Valley Authority Act

d)

Social Security Act

67.

True or False. Congress granted Roosevelt full support in all the laws he wanted to pass.

a)

True

b)

False

68.

True or False. Hoover did not provide any government assistance/ welfare programs for the American public.

a)

True

b)

False

69.

Some critics say that it wasn't the New Deal that got the nation out of the Great Depression, but rather that it was ...

a)

World War II

b)

World War I

c)

the Cold War

d)

Vietnam War

70.
What was created to protect bank deposits up to $5,000?
a)
WPA
b)
CCC
c)
TVA
d)
FDIC
71.
When President Roosevelt talked to the American people directly over the radio, they called it ____ ____.
a)
Fireside Chats
b)
the President talking
c)
Chats with me
d)
Campfire chats