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Which group experienced an early depression in the 1920s? |
Farmers |
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During the 1920s the United States economy moved through which phase of the business cycle? |
Expansion |
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In 1929 the stock market crashed because |
Investors lost confidence in the market and rushed to sell their shares |
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Which factor contributed to the spread of the Great Depression overseas? |
The United States curtailed investment in Europe |
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Which of these factors helped hide economic problems in the 1920s? |
Americans purchased many consumer goods on credit |
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What event occurred on Black Tuesday |
Investors sold more than 16 million shares of stock |
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European countries reacted to the hawley-smoot tariff by |
Passing high protective tariffs |
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What economic condition did economist john Maynard Keynes believe caused the Great Depression? |
Lack of government intervention |
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At the onset of the Great Depression urban employment |
Increased dramatically |
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Which of these factors contributed to the plight of rural farmers |
Falling prices for crops and livestock |
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Farmers contributed to the problems that led to the dust bowl by |
Using intensive farming practices that removed protective grasses |
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The unemployment rate among African Americans was |
Nearly double the national rate |
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president hoover responded cautiously to the great depression because he |
thought that the business cycle would correct itself |
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the policy of volunteerism called for which of the following |
public work programs |
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president hoover urged congress to institute the reconstruction finance corporation because he believed that the economy suffered from |
a lack of credit |
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some americans blamed the great depression on |
capitalism |
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why did many americans decide that the country needed new leadership in 1932? |
president hoovers volunteerism and trickle down economic policies had failed |
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how did the uneven distribution of the nations wealth lead to the depression |
all of the above |
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why were banks one of the first institutions to feel the effects of the stock market crash |
people began to lose confidence in the economy, and frightened depositors began to remove their money from banks |
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what was the destination of most dust bowl migrants |
cities to find work |
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what event happened when the veteran groups marched in protest on washington |
federal troops used tear gas and marched with bayonets on the protestors; many of the veterans were injured |
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both african americans and mexican americans had an especially difficult time during the great depression because they |
faced discrimination when competing with white americans for a limited number of jobs |
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why did volunteerism fail |
businesses and citizens acted in their individual best interests |
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congress instituted the reconstruction finance corporation to loan money to |
banks so that they could lend money to businesses to stimulate economic activity |
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why did the bonus army march on washington dc |
president hoover vetoed a bill providing for early payment of bonuses |
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how did the federal reserves tight monetary policy affect the economy |
it reduced the money supply, which limited the amount of money in circulation |
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why did commodities prices continue to decrease during the great depression at a time when so many people were going hungry |
overproduction continued when people had no money to buy products |
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why did president hoover not provide direct relief to struggling individuals during the great depression |
he believed federal public assistance was unconstitutional |
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WWI veterans who marched to demand payment of money promised by congress |
bonus army |
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dust bowl refugees who moved westward to find work |
okies |
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risky stock purchases made by investors with the hope f high returns |
speculation |
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president when the stock market crashed |
herbert hoover |
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government efforts to encourage or pressure mexican immigrants to return to mexico |
repatriation |
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general who dispersed protesters in the capital by ordering federal troops to fire on them with tear gas |
douglas macarthur |
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the periodic expansion and contraction of the economy |
business cycle |
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agricultural workers who work on land owned by someone else |
tenant farmer |
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the theory that money invested in banks and businesses will work its way through the system to laborers |
trickle down economics |
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the occasion of the stock market crash |
black tuesday |
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