Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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An organized system for buying and selling shares in corporations is a
a. | market boom. | c. | stock option. | b. | market house. | d. | stock exchange. |
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2.
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What was a cause of the Great Depression?
a. | government relief programs | c. | subsidies | b. | new
deal | d. | borrowed
money |
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3.
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What action did farmers take when they bought equipment on credit and were
unable to pay their loans?
a. | defaulted | c. | sold the equipment | b. | did public works | d. | paid extra |
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4.
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In 1932 what group marched on Washington demanding a promised payment?
a. | the Payment Army | c. | the RFC | b. | the Bonus Army | d. | Hoovervilles |
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5.
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To combat the Great Depression, Herbert Hoover authorized additional federal
spending on projects for
a. | overseas markets. | c. | public works. | b. | the Bonus Army. | d. | new housing. |
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Completion
Complete each
statement.
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6.
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The ______________________________ closed for a few days to prevent more panic
selling.
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7.
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The nation's total economic output dropped from $104 billion in 1929 to
_____________ in 1932.
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8.
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In 1929 almost ____________________ of American families lived in poverty or on
the edge of it.
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9.
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_________________________ thought the economic crisis was only temporary.
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10.
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In 1932 Congress created the ______________________________ to lend money to
businesses.
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Matching
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Match each item with the correct statement below. a. | Hoovervilles | d. | Great Depression | b. | relief | e. | Black Thursday | c. | unemployed
people | f. | Hawley-Smoot
Tariff |
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11.
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severe economic crisis
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12.
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October 24, 1929
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13.
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sold apples for extra money
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14.
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1930 tax on imported goods that failed to help the economy
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15.
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aid for the needy
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16.
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shantytowns
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Short Answer
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17.
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What is the stock exchange?
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18.
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Name two problems that led to the Great Depression.
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19.
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How did the depression affect Europe initially?
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20.
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What was President Hoover’s reaction to the economic crisis?
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21.
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Did Hoover’s plan of public work projects help the Depression? Why?
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