CHAPTER 18-1-3 TEST

Question 1

buying and selling ownership shares of companies is known as what?

Answer 1

stock market

Question 2

Is the key cause of the Depression

Answer 2

overproduction

Question 3

Is when many depositors decide to withdraw their money at one time

Answer 3

bank run

Question 4

buying something in the hope of a quick windfall is know as what?

Answer 4

speculation

Question 5

a period of rising stock prices is called what?

Answer 5

bull market

Question 6

In order to protect loans made by stockbrokers to investors who bought stocks on margin, brokers could issue a what?

Answer 6

margin call

Question 7

Resulted in the loss of American jobs and export sales tu foreign countries

Answer 7

Hawley-smoot tarifff

Question 8

in 1929 the top 5 percent of all American households earned 30 percent of the nations income, which is ?

Answer 8

the uneven distribution of income

Question 9

The stock market took its steepest dive on october 29, 1929 the day now know as what?

Answer 9

Black Tuesday

Question 10

some banks suffered more losses that they could absorb and they were what?

Answer 10

they were forced to close

Question 11

are communities where newly homeless people put up shacks on unused or public land

Answer 11

shanty towns

Question 12

are unemployed Americas who wandered around the country. walking, hitchhiking, or “riding the rails”

Answer 12

hobos

Question 13

are farmers who traveled to California after losing their farms.

Answer 13

okies

Question 14

court officers

Answer 14

bailiffs

Question 15

private charities set up to give poor people a meal are know as

Answer 15

suit kitchens

Question 16

are who artists and writers of the 1930s often in their attempts to portray life around them.

Answer 16

the homeless and unemployed

Question 17

during the great depression, many farmers turned their farms over to

Answer 17

banks that held mortgages

Question 18

most people during the depression were able to enjoy two poplar forms of entertainment : the movies and

Answer 18

radios

Question 19

daytime radios dramas such as the guiding lights were often sponsored by

Answer 19

laundry soaps

Question 20

the dust bowl occurred because plowed land was left uncultivated and there was a terrible

Answer 20

drought

Question 21

held rallies and “hunger marches” during the Depression

Answer 21

American communist party

Question 22

world war 1 veterans that when by the name the who marched to washington,

Answer 22

bonus army

Question 23

is created a pool of money that allowed troubled banks to continue lending money to their communities

Answer 23

National Credit Cooperation (NFC)

Question 24

goverment-financed building projects are known as

Answer 24

public work

Question 25

by 1932 hoover had concluded that the only way to provide funding for borrowers was for the government to do the lending, so he requested that congress set up the

Answer 25

Reconstruction Finance coorperation (RFC

Question 26

Hoover did not want the government to create many new jobs because that would mean increased government

Answer 26

spending

Question 27

Between 1930 and 1934 creditors foreclosed on nearly one million farms, and farmers retaliated in all of the following ways:

Answer 27

* they destroyed crops to reduce the supply and raise prices. * blocking milk trucks and emptying milk cans into ditches * preventing the deliver of vegetables to distributes

Question 28

President Hooveers image was tarnished by the rout of the bonus marchers and the

Answer 28

langering depression

Question 29

hoover believed that only state and city governments should dole out

Answer 29

relief

Question 30

is created when the government spends more money than it collect in taxes

Answer 30

budget deficit