Robideaux -Ss 10 - Chp. 13 Quiz

Front 1

Ms.Robideaux Social Studies 10
Chapter 13

Back 1

Cut cards apart and STUDY

Front 2

What is the term for a period of reduced economic activity during which the level of unemployment rises, production slows, and general prosperity lags?

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Recession

Front 3

What is the name that was given to shanty towns with shacks made of tar paper, cardboard, or scrap material?

Back 3

Hoovervilles

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What is the term given to name the average of stock prices of leading industries?

Back 4

Dow Jones Industrial Average

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What is the term given to the total annual values of goods and services a country produces?

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Gross National Product

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What is the term given to people who purchase expensive items and pay for them with interest over many months?

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Installment Buying

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What is the term for paying a fraction of the stock price and then borrowing the rest?

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Buying on margin

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What is the term for taking chances in the stock market?

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Speculation

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What is the term given for more than an excess supply of products with not enough demand for purchase?

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Overproduction

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What is the term given for the increase in the prices for goods and services?

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Inflation

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What is the term given to the person that advocates the collective ownership of factories and property?

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Socialist

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What is the term given to mean what money can actually buy?

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Real Wages

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One negative effect of the Depression was that people had poor diets.
T/F

Back 13

TRUE

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Membership in the Communist party decreased during the Depression.
T/F

Back 14

FALSE

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African Americans were given jobs over whites because they were cheaper to employ. T/F

Back 15

FALSE

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The availability of credit and the lure of advertising encouraged people to buy products they couldn't afford.
T/F

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TRUE

Front 17

Many people had no savings in the 1920s. T/F

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TRUE

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Drought in the west caused dust storms and many families migrated to California.
T/F

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TRUE

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How did President Hoover attempt to solve the nation's economic problems?

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by encouraging private and local relief efforts

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What was a major reason for Roosevelt's overwhelming victory in 1932?

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He promised federal relief programs and controls on business

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In the 1920's which economic factor led to the Great Depression?

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overproduction of farm products and manufactured goods

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An important factor contributing to the start of the Great Depression in the United States was...

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uneven distribution of wealth

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Which economic trend of the 1920s helped cause the Great Depression?

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widening income gap between the rich and the poor

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Which situation was a basic cause of the Great Depression?

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overproduction of consumer goods

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What three factors that led to the Great Depression?

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In complete sentences, list 1)overspeculation 2)uneven distribution of wealth 3)overproduction

Front 26

President Hoover tried to end the Depression by doing what?

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encouraging voluntary controls and actions

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Which group faced particularly hard times during most of the 1920s?

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farmers

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Which statement best describes the American economy during the 1920s?

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the economy weakened and wages decreased

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Which of the following was a sign of a troubled economy during the 1920s?

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wealth was unevenly distributed

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How did most investors react to a sudden fall in stock prices in late October 1929?

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raced to sell their stocks

Front 31

Why was rapid economic recovery impossible after the crash of 1929?

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the American economic structure was unstable

Front 32

Which was one effect of wage cuts and unemployment in the early 1930s?

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Hoovervilles sprang up throughout the nation's cities

Front 33

One sign that the economy might be weakening in the 1920s was what?

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rural bank failures

Front 34

When the Dow Jones Industrial Average began to drop sharply in the late October 1929, what occurred?

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most investors raced to sell their shares

Front 35

One cause of the Great Depression was what?

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an uneven distribution of wealth

Front 36

The collapse of the U.S. economy hurt European economies when the United States did what?

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stopped investing in Germany

Front 37

What does the term collateral mean?

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security for loans

Front 38

Wage cuts and unemployment in the early 1930s resulted in what?

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the construction of Hoovervilles

Front 39

Ms.Robideaux Social Studies 10
Chapter 13

Back 39

Cut cards apart and STUDY