Stock Market Shock
Why did buying stocks on margin make the economic collapse worse after 1929?
a) It increased debt when prices fell
b) It boosted farm prices
c) It stopped bank failures
a) It increased debt when prices fell
Why did Dust Bowl migration strain western states?
a) Overcrowding and job shortages
b) Increased farm prices
c) Better housing opportunities
a) Overcrowding and job shortages
How did Agricultural Adjustment Act help farmers?
a) Paid farmers to reduce crop production
b) Increased tariffs on crops
c) Gave free seeds
a) Paid farmers to reduce crop production
How did Hoover’s “rugged individualism” shape policy?
a) Supported direct aid
b) Avoided large-scale intervention
c) Expanded welfare
b) Avoided large-scale intervention
Why was Canada vulnerable during the Depression?
a) Wheat prices rose
b) Falling wheat prices hurt farmers and trade
c) Wheat replaced oil
b) Falling wheat prices hurt farmers and trade
What role did the Hawley-Smoot Tariff play in worsening the global economic crisis?
a) Encouraged imports
b) Reduced trade and deepened depression
c) Increased foreign investment
b) Reduced trade and deepened depression
Which describes the social impact of the Depression?
a) Increased leisure and wealth
b) Widespread unemployment and homelessness
c) Expansion of luxury goods
b) Widespread unemployment and homelessness
Why was Social Security a long-term reform?
a) Immediate food aid
b) Created pensions and unemployment insurance
c) Built highways
b) Created pensions and unemployment insurance
Why were Fireside Chats effective?
a) Explained policies in simple language
b) Announced stock tips
c) Criticized Congress
a) Explained policies in simple language
Why did Brazil burn coffee stocks?
a) To increase coffee prices
b) To punish farmers
c) To promote tea exports
a) To increase coffee prices
Why did banks fail after the crash?
a) They invested heavily in stocks and lost money
b) They refused to loan to farmers
c) They were protected by insurance
a) They invested heavily in stocks and lost money
Why were Hollywood films popular?
a) They were free
b) They offered escape from hardship
c) They promoted farming techniques
b) They offered escape from hardship
How did Wagner Act strengthen unions?
a) Banned strikes
b) Guaranteed collective bargaining rights
c) Ended union membership
b) Guaranteed collective bargaining rights
Why did Roosevelt try to “pack” the Court?
a) Reduce judges’ salaries
b) Add justices who supported New Deal laws
c) Abolish the court
b) Add justices who supported New Deal laws
Why was Mexico’s oil nationalization significant?
a) Showed economic independence
b) Reduced oil production
c) Ended trade with U.S.
a) Showed economic independence
Why were Hoovervilles significant?
a) They showed government success in housing
b) They symbolized poverty and lack of federal help
c) They were built by wealthy businessmen
b) They symbolized poverty and lack of federal help
How did the Dust Bowl affect migration?
a) People moved east
b) People moved west
c) People stayed on farms
b) People moved west
Which statement best explains how the CCC and WPA differed in their approach to solving unemployment during the Great Depression?
a) CCC focused on conservation projects for young men, while WPA funded large-scale public works for a broader workforce
b) CCC provided direct cash payments, while WPA offered only food aid
c) CCC built highways, while WPA focused exclusively on farming
a) CCC focused on conservation projects for young men, while WPA funded large-scale public works for a broader workforce
Why did Roosevelt win in 1936?
a) New Deal programs were popular
b) He promised to end Social Security
c) He opposed unions
a) New Deal programs were popular
How did ISI change Latin America’s economy?
a) Encouraged local manufacturing
b) Increased reliance on imports
c) Reduced industrial growth
a) Encouraged local manufacturing
What was the Bonus Army’s main demand?
a) Early payment of promised bonuses
b) Free housing for veterans
c) Government jobs for soldiers
a) Early payment of promised bonuses
Why did rural migration to cities rise in Latin America?
a) Cities offered more jobs
b) Cities had fewer resources
c) Cities were closing factories
a) Cities offered more jobs
How did the New Deal change government’s role?
a) Reduced involvement
b) Increased responsibility for welfare and jobs
c) Eliminated taxes
b) Increased responsibility for welfare and jobs
How did Bennett differ from Roosevelt?
a) Both used aggressive programs immediately
b) Bennett resisted reforms longer
c) Both avoided intervention
b) Bennett resisted reforms longer
What does Roca-Runciman Agreement reveal?
a) Argentina was self-sufficient
b) Depended heavily on Britain for trade
c) Focused on oil exports
b) Depended heavily on Britain for trade