US History Great Depression Chapter 14 – Flashcards

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question
Which group experienced an early depression in the 1920's?
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Farmers
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During the 1920's, the United States economy moved through which phase of the business cycle?
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Expansion
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In 1929, the stock market crashed because
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Investors lost confidence in the market and rushed to sell their shares
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Which factor contributed to the spread of the Great Depression overseas
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The United States curtailed investment in Europe
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People likely abandoned this place because
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The land could not be farmed
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Which of these factors helped hide economic problems in the 1920's?
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Americans purchased many consumer goods on credit
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What event occurred on Black Tuesday?
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Investors sold more than 16 million shares of stock
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European countries reacted to the Hawley-Smoot Tariff by
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Passing high protective tariffs
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What economic condition did economist John Maynard Keynes believe caused the Great Depression?
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Lack of government intervention
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At the onset of the Great Depression, urban employment
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Increased dramatically
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Which of these factors contributed to the plight of rural farmers?
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Falling prices for crops and livestock
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Farmers contributed to the problems led to the Dust Bowl by
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Using intensive farming practices that removed protective grasses
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The unemployment rate among African Americans was
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Nearly double the national rate
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President Hoover responded cautiously to the Great Depression because he
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Thought that the business cycle would correct itself
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The policy of volunteerism called for which of the following?
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Public works programs
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President Hoover urged. Congress to institute the Reconstruction Finance Corporation because he believed that the economy suffered from
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A lack of credit
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Some Americans blamed the Great Depression on
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Capitalism
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Why did many Americans decide that the century needed new leadership in 1932?
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President Hoover's volunteerism and trickle-down economic policies had failed
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How did the uneven distribution of the nation's wealth lead to the depression?
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All of the above
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Why were banks one of the first institutions to feel the effects of the stock market crash?
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People began to lose confidence in the economy, and frightened depositors began to remove their money from banks
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What was the destination of most Dust Bowl migrants?
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Cities to find work
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What event happened when the veteran groups marched in protest on Washington?
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Federal troops used tear-gas and marched with their bayonets on the protestors; many of the veterans were injured
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Both African Americans and Mexican Americans had an especially difficult time during the Great Depression because they
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Faced discrimination when competing with white Americans for a limited number of jobs
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Why did volunteerism fail?
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Businesses and citizens acted in their individual best interests
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Congress instituted the Reconstruction Finance Corporation to loan money to
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Banks so that they could lend money to businesses to stimulate economic activity
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Why did the Bonus Army march on Washington, D.C.?
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President Hoover vetoed a bill providing for early payment of bonuses
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How did the Federal Reserves's tight monetary policy affect the economy?
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It reduced the money supply, which limited the amount of money in circulation
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Why did commodities prices continue to decrease during the Great Depression at a time when so many people were going hungry?
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Overproduction continued when people had no money to buy products
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Why did President Hoover not provide direct relief to struggling individuals during the Great. Depression?
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He believed federal public assistance was unconstitutional
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The occasion of the stock market crash
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Black Tuesday
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The occasion of the stock market crash
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Black Tuesday
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