The Great Depression
Quiz by Amber Brouillard
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22 questions
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- Q1What was the Great Depression?the deepest and longest lasting economic downturn in U.S. History30s
- Q2What is Buying on the Margin?the process of purchasing stocks with credit hoping to sell at a high enough price to pay back loans and make a profit.30s
- Q3Explain the Stock Exchangean organized system of buying and selling shares, or block of investments in a company.30s
- Q4What was Black Tuesday?the event in which prices sank to an all time low when panicked investors dumped more than 16 million shares of stock on the market.30s
- Q5Smoot-Hawly Tariff Actraised import taxes to protect American business and farmers, adding considerable strain to the international economic climate of the Great Depression30s
- Q6What were Hoovervilles?shantytowns that were created by people who lost their homes during the Great Depression30s
- Q7What are hobos?people who wandered from place to place without a permanant home or a means of livlihood, usually traveling on trains.30s
- Q8Bonus Armygroup of WWI veterans who marched on Washington seeking a $1000 bonus30s
- Q9New Dealthe name given to a set of programs and policies introduced by Roosevelt and designed to promote economic recovery and social reform30s
- Q10What was the 21st Amendment?a change to the Constitution that ended Prohibition30s
- Q11The Emergency Banking ActA bill passed by the U.S. Congress in an attempt to stabalize the banking system30s
- Q12What was the TVA? (Tennesse Valley Authority)a program that built dams to provide cheap electric power to seven southern States30s
- Q13What is FDIC?a program that insured saving accounts in banks (Federal Deposit Insurance Corporation)30s
- Q14What is REA? (rural Electrification Act)program that loaned money to extend electricity in rural areas30s
- Q15What is SSA? (Social Security Administration)program that set up a retirement fund for the elderly, unemployed, or disabled30s