Download The Great Depression Quiz Review

1. When the stock market does well for a long period
of time, this is called a ______.
•
•
•
•
A) black market
B) open market
C) bull market
D) bear market
Correct !!
Next
Question
2. In 1928, Americans thought Hoover would be
a good President for all reasons except _____.
•
•
•
•
A) he supported American businesses
B) he supported low taxes for Americans
C) he was a Republican and a good businessman
D) he supported low tariffs
Correct !!
Next
Question
3. The total value of all goods, services, and
structures produced in a country is _____.
•
•
•
•
A) net worth
B) Gross Domestic Product GDP
C) income tax
D) business cycle
Representation of the World’s GDP.
Correct !!
Next
Question
4. The Business Cycle repeats throughout history
and has ______ parts.
•
•
•
•
A) 5
B) 6
C) 3
D) 2
Correct !!
Next
Question
5. When many depositors withdraw their money at one
time, it is called a _______.
•
•
•
•
A) Bear Market
B) Stock Market Crash
C) Bank Run
D) Margin Call
Correct !!
Next
Question
6. One factor that hurt American businesses during the Great
Depression was ______.
•
•
•
•
A) luxury tax
B) too many credit cards
C) too many buyers
D) overproduction and few consumers
Correct !!
Next
Question
7. Uneven distribution of wealth means
_________.
•
•
•
•
A) laws are unfair for the poor
B) the government collects high taxes
C) few people control most of the nation’s money
D) people use credit too often
Correct !!
Next
Question
8. What was the impact of the Hawley-Smoot
Tariff?
•
•
•
•
A) imports became cheaper
B) it made it difficult for U.S. products to be sold overseas
C) foreign companies loved this
D) Americans wanted to buy foreign goods
Correct !!
Next
Question
9. An import is a good that America _________.
•
•
•
•
A) made in another country
B) has shipped to another country
C) has sold to a foreign country
D) has bought from another country
Correct !!
Next
Question
10. Most banks are ___________.
•
•
•
•
A) privately owned
B) owned by the U.S. government
C) owned by the states
D) located on Wall Street
Correct !!
Next
Question
11. The two jobs of the Federal Reserve are to print
money and __________.
•
•
•
•
A) make loans to American citizens
B) collect taxes
C) conduct monetary policy
D) tax the public
Correct !!
Next
Question
12. The Federal Reserve can hurt the economy by
keeping interest rates low for all the following reasons
except _________.
•
•
•
•
A) encouraged the banks to make risky loans
B) kept people from buying
C) led businesses to expand in an unstable economy
D) led to overproduction
Correct !!
Next
Question
13. Banks used to be able to invest the depositors’
money in __________.
•
•
•
•
A) fifty-fifty drawings
B) games of chance
C) the stock market
D) lottery tickets
Correct !!
Next
Question
14. All were causes of the Great Depression
except ________.
•
•
•
•
A) banks closing and loss of faith in banks
B) mistakes by the Federal Reserve
C) loss of export sales
D) we didn’t have a central bank
Correct !!
Next
Question
15. When a bank or the government seizes
property because the owner is not making
payments, this is a _______.
•
•
•
•
A) bank run
B) foreclosure
C) crying shame
D) mortgage call
Correct !!
Next
Question
16. The lowest point of the business cycle before
expansion begins is ___________.
•
•
•
•
A) trend line
B) trough
C) peak
D) expansion
Correct !!
Next
Question
17. Hoover believed in the Reconstruction
Finance Corporation and what other method to
get Americans out of the Great Depression?
•
•
•
•
A) help from the government
B) welfare checks
C) public works projects
D) direct relief
Correct !!
Next
Question
18. The name of the group of veterans who wanted early payment
on a bonus that was promised to them was the _______.
•
•
•
•
A) Veterans Without Benefits
B) Veterans of Foreign War
C) Lost Battalion
D) Bonus Army
Correct !!
Next
Question
19. “Two or three blocks along Times Square, you’d see these men, silent,
shuffling along in a line, Getting this handout of coffee and doughnuts,
dealt out from great trucks…I’d see that flat, opaque, expressionless look
which spelled , for me, human disaster .” What can you infer from this
passage?
•
•
•
•
A) someone is handing out free samples
B) the men are lost
C) the men feel hopeless
D) the men are policemen who like donuts
Correct !!
Next
Question
20. Men…who had responsible positions. Who had lost
their jobs, lost their homes, lost their families…They were
destroyed men.” What can you infer?
•
•
•
•
A) the men are no longer responsible
B) the men lost much of what was important to them
C) the men were divorced
D) the men were on vacation from their jobs
Correct !!
Next
Question
21. What can you infer from this picture?
•
•
•
•
A) it was difficult to find building materials
B) people chose to live like this because they were lazy
C) new neighborhoods were being built outside cities
D) homelessness was a common problem
Correct !!
Next
Question
22. What is ironic about this picture?
•
•
•
•
A) the people are no longer enjoying a high standard of living in the US
B) the car is old and the people are still happy
C) there are too many people crowded into this car
D) no one wears hats like these
Correct !!
Next
Question
23. Why do you think men would ride the rails during the
Great Depression?
•
•
•
•
A) they felt the railroads owed them free rides
B) it was a cheap thrill
C) they were going from town to town looking for work
D) for a free vacation
Correct !!
Next
Question
Congratulations, you are done!
Click here to reset
quiz
Sorry, try again.
Return
to
Question