The Great Depression

Which event is credited with starting the Great Depression?

• election of the Franklin D. Roosevelt as president.

• stock market crash

• the Senate's failure to ratify the Treaty of Versailles

• adoption of the New Deal

As the presidential election of 1932 approached, most Americans

• blamed Franklin D. Roosevelt for the depression

• believed that Herbert Hoover could not end the depression.

• hoped to re-elect Roosevelt

• were happy with the American economy

Which of the following reflects an economic trend that evolved from the 1920's to the present?

• Prohibition

• Teapot Dome Scandal

• Installment Buying

• Decline of women in the work force.

Which heading best completes the partial outline below?

I. __________________________________

A. Stocks were purchased on margin

B. Individuals overused credit

C. Demand for goods fell

• Causes of the Great Depression

• The Rise of the Labor Movement

• The Gilded Age

• Effects of Monopolies and Trusts

Which statement best summarizes Herbert Hoover's response to the economic crisis that began in 1929?

• He took too little action too late.

• He helped businesses take immediate steps to correct the problem.

• He started government programs that made the problems worse.

• He accepted blame and did not run for re-election in 1932.

All of the following were goals of the New Deal EXCEPT:

• relief

• giving people better credit lines

• recovery

• reform

In the early 1930s, many communities

of homeless Americans were referred to as “Hoovervilles” because President

Herbert Hoover

• grew up in a poverty stricken area

• guaranteed jobs to the unemployed

• provided food and clothing for the poor

• opposed direct federal aid for the unemployed

During the Great Depression, one main

objective of President Franklin D. Roosevelt’s fireside chats was to

• reassure people about the future of the economy.

• convince listeners to buy war bonds

• encourage bankers to donate their money

• help farmers pay their loans

One reason the stock market collapsed

in October 1929 was that

• many stocks had been purchased on margin

• the prices of most stocks were too low

• banks refused to loan money to purchase stocks throughout the 1920s

• many companies stopped selling shares of stock.

Breadlines, Hoovervilles, and the Bonus Army were all direct results of what?

• housing shortages in the 1920's

• efforts of the New Deal

• mechanization of agriculture

• unemployment during the Great Depression