Chapter 22 Test

which of the following increased in the 1920s?
(a) farmers’ debts
(b) prices for farm products
(c) foreign demand for U.S. farm products
(d) domestic demand for U.S. farm products
farmers’ debts

which was NOT a cause of the Great Depression?
(a) tariffs on foreign goods
(b) the availability of asy credit
(c) a growing number of homeless people
(d) a crisis in the farm sector
a growing number of homeless people

which was NOT a cause of the Dust Bowl?
(a) drought
(b) high winds
(c) thick layers of prairie grasses
(d) overproduction of crops
thick layers of prairie

after the stock market crash, how did President Hoover try to help the economy?
by asking businesses not to lay off employees

who made up the Bonus Army that marched on Washington?
World War I veterans and their families

which candidates ran for president in1932?
Herbert Hoover and Franklin D. Roosevelt

what does buying a stock on margin mean?
borrowing money to help pay for the stock

which of the following was NOT an effect of the Great Depression?
(a) many childern became homeless
(b) many families became homeless
(c) many men became unemployed
(d) many people started farming
many people started farming

what name was given to the men and boys who rode the rails as they searched for work?
hoboes

which of the following describes a government system for giving payments or food to the poor?
(a) rugged individualism
(b) direct relief
(c) Bonus Army
(d) price support
direct relief

t/f
Black Tuesday was the day that -President Hoover forced the Bonus Army to disband-
the stock market crashed

t/f
an unintended effect of the Hawley-Smoot Tariff Act was a substantial -decrease in U.S. exports-
true

t/f
American industries first began to show signs of economic trouble -after 1929-
during the 1920s

t/f
the main purpose of the Reconstruction Finance Corporation was to give emergency help to -farmers-
large businessess

t/f
during the Depression, charitable organizations tried to help the urban poor by opening -soup kitchens-
true

t/f
President Herbert Hoover -supported- direct relief
did not support

t/f
the farmers and sharecroppers who mleft the Dust Bowl to find work in the west were known as -hoboes-
okies

t/f
the stock market crash of 1929 was fueled by -price supports-, unwise investments that people hoped would make them rich overnight
sepculation

t/f
during the Depression, many children suffered from -diet-related diseases-
true

t/f
one indicator of a weak economy in the 1920s was a decline in -housing starts-
true

buying stocks on the chance of a quick profit without considering risks is known as ________
speculation

in calling shantytowns “Hoovervilles,” people conveyed their _______
disgust with Hoover

the aim of the Federal Home Loan Bank Act was to ________
prevent farmers and homeowners from losing their property

an example of the psychological stress caused by the Great Depression was the rise in the number of ________
people who committed suicide

Herbert Hoover’s approach to the Depression economy was based on a belief in ________
voluntary cooperation

during the Great Depression, the overall unemployment rate was about ________
25 percent

one long-range effect of the Great Depression was that many people ________
developed habits of saving and thriftiness

within a few years, the Hawley-Smot Tariff Act led to _______
a dramatic drop in world trade

all of the following were important causes of the Great Depression EXCEPT:
(a) both individuals and businesses built up large debts because of easy credit
(b) tariffs on foreign imports were lowered
(c) the federal government did nit insure people’s bank accounts
(d) the stock market crashed
tariffs on foreign imports were lowered

causes of the farming crisis of the 1920s included the fact that _______
demand for crops fell after World War I

this Democrat lost the presidential election of 1928
Alfred E. Smith

this Republican won the presidential election of 1928
Herbert Hoover

this term specifically refers to the stock market crash of October 29, 1929
Black Tuesday

this term is the name of the most widely used measure of the stock market’s health
Dow Jones Industrial Average

in an effort to curb the financial loss farmers were sufering, Congress tried to pass the McNary-Haugen Bill, which would have mendated this on key crops
price support

this term refers to paying a small percentage of a stock’s price as a down payment and borrowing the rest
buying on margin

Which of the following increased in the 1920s? Farmers’ debt Which was not a cause of the Great Depression? a growing number of homeless people WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Great Depression a time of economic downturn and high unemployment between 1929 and 1941 business cycle the periodic expansion and contraction of the economy WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE …

The Reconstruction Finance Corporation: made loans to failing businesses. The Harlem Renaissance: included writers and poets such as Langston Hughes and Claude McKay. WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE Write …

Price Support The government would buy surplus crops like corn, wheat, cotton and tobacco at guaranteed prices and sell them on the world market. Credit an arrangement in which consumers agreed to buy now and pay later for purchases in …

Why did stock prices first began to decline in late 1929? Investors began to sell their stock Why did Alfred E. Smith edured a smear campaign in the 1928 election? He was a Catholic WE WILL WRITE A CUSTOM ESSAY …

Before the Stock Market Crash, what was Herbert Hoover’s vision for his presidency? to bring prosperity to America What ere the causes of the Great Depression? Tariffs/war debt cut down foreign market for American goods, farm crisis’s, credit was easily …

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