Great Depression

Great Depression

Question 1 - 10 Stock prices first began to crash in late 1929 because?

Answer 1 – 10 Experienced speculators began to sell/dump their stocks

Question 1 - 20 In the 1920’s, the Federal Reserve contributed to weakness in the stock market by?

Answer 1 – 20 Keeping interest rates low, encouraging increased speculation loans

Question 1 - 30 Farmers on the Great Plains began to lose their crops during the Depression because?

Answer 1 – 30 A terrible drought dried the soil

Question 1 - 40 President Hoover hoped that public works projects and agreements with industrial and labor leaders would provide?

Answer 1 – 40 Jobs to unemployed Americans and keep more jobs from being lost

Question 1 - 50 If a bank collapsed before the Great Depression, what effect would it have on the depositors?

Answer 1 – 50 Their money would be lost

Question 2 - 10 President Hoover is often said to have been slow to react to the Great Depression because of his belief in “ Rugged Individualism” which meant?

Answer 2 – 10 He felt that Americans working to improve their own lives had led to America’s greatness and success, and would solve this new challenge as well.

Question 2 - 20 Thousands of World War I veterans came to Washington in 1932 to lobby Congress to?

Answer 2 – 20 Pass legislation giving veterans their promised $1,000 bonus early

Question 2 - 30 A major contribution to Herbert Hoover’s landslide victory in the 1928 Presidential election was?

Answer 2 – 30 The prosperity of the 1920’s

Question 2 - 40 The stock market crash weakened the nation’s banks because?

Answer 2 – 40 Banks had given many loans to speculators and used their deposits to speculate themselves

Question 2 - 50 In search of work or a better life during the Depression, many unemployed people did what?

Answer 2 – 50 Rode the rails as hoboes

Question 3 - 10 The original purpose of the Reconstruction finance Corporation was to?

Answer 3 – 10 Make loans to businesses

Question 3 - 20 Newly homeless people put up communities of shacks that they called?

Answer 3 – 20 Hoovervilles

Question 3 - 30 A long period of rising stock prices is known as a?

Answer 3 – 30 Bull market

Question 3 - 40 The Hawley-Smoot Tariff hurt business for whom?

Answer 3 – 40 Both American and Foreign countries

Question 3 - 50 Buying on margin was a method of buying stocks with?

Answer 3 – 50 Mostly borrowed money

Question 4 - 10 What natural and human factors caused the Dust Bowl?

Answer 4 – 10

Question 4 - 20 Elected to the Presidency in 1932, he took America through the Depression and also World War II?

Answer 4 – 20 Franklin D. Roosevelt

Question 4 - 30 The “ Bonus Marchers” were?

Answer 4 – 30 World War I veterans seeking early payment of promised bonuses

Question 4 - 40 FDR’s plan for ending the Great Depression through massive deficit spending programs was called the?

Answer 4 – 40 New Deal

Question 4 - 50 This Depression era program/agency employed young men ages 18-25 to work for the forestry and parks service for $30 a month?

Answer 4 – 50 Civilian Conservation Corps. - CCC

Question 5 - 10 This Depression era program worked to build dams in the south in order to provide cheap electricity, irrigation and jobs to some of the poorest rural areas in the country?

Answer 5 – 10 Tennessee Valley Authority - TVA

Question 5 - 20 This Depression era program employed millions of workers building roads, bridges, schools, hospitals, and even provided funding for public art?

Answer 5 – 20 Works Progress Administration - WPA

Question 5 - 30 This Depression era program attempted to control farm production in order to raise prices, slaughtering pigs, plowing up crops and dumping milk which could have fed the hungry?

Answer 5 – 30 Agricultural Adjustment Administration - AAA

Question 5 - 40 This Depression era agency was created to help restore faith in the banking system, providing a guarantee for the money that we put into a bank (It still exists today)?

Answer 5 – 40 Federal Deposit Insurance Corporation - FDIC

Great Depression