Great Depression |32 Questions| With Correct
Answers.
1). Economically, depression means
Ans: Business failure, High unemployment, and Falling Prices
2). Causes of the great depression are
Ans: Problems in Industry, Problems in agriculture, increased in consumer debt, Uneven
income distribution, Poor investment, and Lack of government help
3). Problems in the industry was a result of
Ans: Lack of demands for goods so companies laid off workers
4). Problems in the agriculture was a result of
Ans: Overproduction by farmers contributed to falling prices.
5). Consumers' debt was a result of
Ans: Easy credit on installment plans increased debt for many families
6). Uneven distribution of income was a result of
Ans: In the 1920s, income of the wealthiest Americans families rose much more than
the average family.
7). Poor investment practices was a result of
Ans: Banks work by using money from depositors. They loan the money to businesses.
Some of the Banks invested their money into unsound practices.
8). Ineffective government response was result of
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, Ans: Laissez-Faire government. Government did not give direct relief (cash or food for
the poor)
9). Buying on the margin
Ans: Down payment to the broker
10). Speculation means
Ans: investing in stocks or property hoping that your gain riches.
11). Reconstruction financial corporation
Ans: It gave emergency loans to businesses and banks hoping to increase business
12). Hawley-smoot tariff act is
Ans: (Tax on foreign goods) Making foreign imported goods expensive.
13). Hoovervilles
Ans: Shantyhomes during the Great Depression
14). The date of the stock crash
Ans: October 29, 1929. Black Tuesday
15). The effects of the great depression were
Ans: 11,000 Banks failed and unemployment rate went up 25%
16). Dust bowl
Ans: was a period of drought that hit the Great Plains
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Answers.
1). Economically, depression means
Ans: Business failure, High unemployment, and Falling Prices
2). Causes of the great depression are
Ans: Problems in Industry, Problems in agriculture, increased in consumer debt, Uneven
income distribution, Poor investment, and Lack of government help
3). Problems in the industry was a result of
Ans: Lack of demands for goods so companies laid off workers
4). Problems in the agriculture was a result of
Ans: Overproduction by farmers contributed to falling prices.
5). Consumers' debt was a result of
Ans: Easy credit on installment plans increased debt for many families
6). Uneven distribution of income was a result of
Ans: In the 1920s, income of the wealthiest Americans families rose much more than
the average family.
7). Poor investment practices was a result of
Ans: Banks work by using money from depositors. They loan the money to businesses.
Some of the Banks invested their money into unsound practices.
8). Ineffective government response was result of
PaperStoc.com Page 1 of 5
, Ans: Laissez-Faire government. Government did not give direct relief (cash or food for
the poor)
9). Buying on the margin
Ans: Down payment to the broker
10). Speculation means
Ans: investing in stocks or property hoping that your gain riches.
11). Reconstruction financial corporation
Ans: It gave emergency loans to businesses and banks hoping to increase business
12). Hawley-smoot tariff act is
Ans: (Tax on foreign goods) Making foreign imported goods expensive.
13). Hoovervilles
Ans: Shantyhomes during the Great Depression
14). The date of the stock crash
Ans: October 29, 1929. Black Tuesday
15). The effects of the great depression were
Ans: 11,000 Banks failed and unemployment rate went up 25%
16). Dust bowl
Ans: was a period of drought that hit the Great Plains
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