1)
What was the effect of businesses failing?
A) people lose jobs
B) poverty
C) loss of home
2)
Why were banks one of the first to feel the effects of the stock market crash?
A) People began to lose confidence in the economy, and began to remove their money from banks.
B) Banks gave out too many loans in the early 1920s, so there was a great deal of money in circulation.
C) After the stock market crash, people went to banks to secure their hard money, so they could spend it to put back into the economy.
3)
Investors made high-risk purchases they hoped would pay off quickly, and this became the norm.
What was this high risk decision called that led to the stock market crash in 1929?
A) margin buying
B) speculation
C) bank runs
4)

Study the chart and use it answer the question below
What event on the chart was both a cause and effect?
A) loss of home
B) business fail
C) people lose jobs
5)

Who won the presidential election in 1933 by a landslide in response to President Hoover's inability to stop or slow down the economic depression?
A) Franklin D. Roosevelt
B) Theodore Roosevelt
C) William Jennings Bryan
6)

Study the chart to help you answer the question.
President Hoover signed into law the Smoot-Hawley Tariff in 1930. The law, which raised tariffs on thousands of imports, was intended to increase sales of American-made goods.
What happens to US exports as a result of the passage of the Smoot Harley Tariff in 1930?
A) US exports increase dramatically in the following years
B) US exports decline in the following years.
C) US exports increase and decrease every other year.
7)
At the same time, the U. S. government took measures to support its own economy or to PROTECT the economy. Congress put tariffs on imported goods to raise their prices to consumers. In turn, many other countries around the world embraced this practice of protectionism.
What form did protectionism take?
A) war reparations
B) tariffs
C) unemployment
8)
Investors made high-risk purchases they hoped would pay off quickly, and this became the norm.
What was this high risk decision called that led to the stock market crash in 1929?
A) margin buying
B) speculation
C) bank runs
9)
Few people were hit harder during the Great Depression than America’s farmers, especially those living in the Great Plains. Years of overfarming, poor land management, and drought culminated in one of the worst environmental disasters in American history: the Dust Bowl. Farm income dwindled rapidly, particularly during the postwar recession of 1921. Instead of cutting back on production, though, farmers thought they could recover their losses through economies of scale. They expanded production even further to take advantage of their available land and machinery, but agricultural prices continued to drop.
New farming techniques and a severe created conditions for the Dust Bowl.
A) machinery issues
B) growing conditions
C) drought