lesson 26-1

Question 1

the _______ closed for a few days in 1929 to prevent more panicked selling

Answer 1

new York stock exchange

Question 2

An important warning, sign of the great depression was a growing gap between ________ and the rest of the population

Answer 2

rich people

Question 3

By 1932 about ________ of american workers were unemployed

Answer 3

25%

Question 4

______ thought the economic crisis was temporary

Answer 4

hoover

Question 5

in 1932 Congress created the ________ to lend money to businesses and to fund state and local programs

Answer 5

RFC

Question 6

which term is used to describe an organized system for buying and selling shares in corporations

Answer 6

stock exchange

Question 7

What was the cause of the great depression

Answer 7

Borrowed money

Question 8

which group suffered when farmers defaulted on their loans

Answer 8

Small banks

Question 9

In 1932 which group marched on Washington demanding a promised payment

Answer 9

World War I veterans

Question 10

to combat the great depression, Herbert Hoover, authorize additional federal, sending on projects for what

Answer 10

Public works