1. The Great Depression lasted from…
- A) 1907-1920
- B) 1920-1930
- C) 1929-1939
- D) 1930-1945
Source: The New York Public Library/Unsplash
Answer:
1929-1939
Source: Linkedin
2. The day the market crashed, October 24, 1929, is known by which nickname?
- A) Black Friday
- B) Black Thursday
- C) The Day of Depression
- D) The Great Crash
Source: Britannica
Answer:
Black Thursday
Source: Wikipedia/@paradoxinvestor/X
3. At the height of the Great Depression, the nation’s unemployment rate was…
- A) 17%
- B) 25%
- C) 31%
- D) 33%
Source: Wikipedia
Answer:
25%
Source: PBuySites
4. What was the risky investing practice that led to the stock market crash of 1929?
- A) Investors had been leveraging their investments through the use of option contracts
- B) Investors had been buying stocks on margin rather than paying for stock purchases in full
- C) Businesses mistakenly assumed that American consumers would be willing to purchase big-ticket items like appliances and automobiles throughout the 1920s
- D) International companies were buying up all of the stock in American companies
Source: @Sechisortical/Facebook
Answer:
Investors had been buying stocks on margin rather than paying for stock purchases in full
Source: Wikipedia
5. Which of the following caused the extreme drop in employment in the USA during the late 1920s and early 1930s?
- A) Increased international imports
- B) A lack of skilled laborers
- C) Factories were forced to layoff large numbers due to lack of sales
- D) None of the Above
Source: Wikipedia
Answer:
Factories were forced to layoff large numbers due to lack of sales
Source: Freepik
6. Herbert Hoover was the President at the start of the Great Depression. Who was President at the end?
- A) Franklin D. Roosevelt
- B) Harry Truman
- C) Herbert Hoover
- D) Dwight D. Eisenhower
Source: Britannica
Answer:
Franklin D. Roosevelt
Source: Alamy
7. What were the shantytowns, homes made of packing crates, abandoned cars, and building scraps, of the Great Depression called?
- A) Shantyvilles
- B) America’s Slums
- C) Hoovervilles
- D) None of the Above
Source: Wikipedia
Answer:
Hoovervilles
Source: Britannica
8. What effect did the Great Depression have on international trade?
- A) It increased the demand for foreign goods
- B) It had no real impact on international trade
- C) It led to new international trade partnerships
- D) It caused international trade to decline significantly
Source: Pond5
Answer:
It caused international trade to decline significantly
Source: Wikipedia
9. Which famous novel written by John Steinbeck was based on the Great Depression?
- A) The Sun Also Rises
- B) Cannery Row
- C) East of Eden
- D) The Grapes of Wrath
Source: Wikipedia
Answer:
The Grapes of Wrath
Source: Wikipedia
10. In what year did the US government pass the Social Security Act?
- A) 1929
- B) 1935
- C) 1939
- D) 1945
Source: iStock
Answer:
1935
Source: Wikipedia
11. What did the Revenue Act of 1935 put in place?
- A) The Internal Revenue Service
- B) A mandatory minimum wage for all American workers
- C) A public registry of all money earned by American workers
- D) An increased tax rate on large corporations and high-income Americans
Source: @_waleedshahid/X
Answer:
An increased tax rate on large corporations and high-income Americans
Source: Shutterstock
12. What was Franklin D. Roosevelt’s “Brain Trust”?
- A) The Brain Trust was a group of the president’s close advisors, from politicians to academics, who helped him think of creative ways to end the Great Depression
- B) The Brain Trust was Roosevelt’s plan to override Congress and make immediate changes in the economy
- C) The Brain Trust was the president’s hidden cabinet of advisors, made up of his two sons, his brother, and his father
- D) None of the Above
Source: National Archives and Records Administration
Answer:
The Brain Trust was a group of the president’s close advisors, from politicians to academics, who helped him think of creative ways to end the Great Depression
Source: Wikipedia
13. What was the impact of the Dust Bowl on American agriculture?
- A) Word of the Dust Bowl brought thousands of Americans to the southern Great Plains with hopes of cashing in on the abundant farmland
- B) The Dust Bowl enticed thousands of women to become farmers in the southern Great Plains
- C) The Dust Bowl led to a boom of African American farm ownership in the southern Great Plains
- D) The Dust Bowl led to the mass exodus of nearly half a million farmers from the southern Great Plains due to the lack of farmable soil
Source: Britannica
Answer:
The Dust Bowl led to the mass exodus of nearly half a million farmers from the southern Great Plains due to the lack of farmable soil
Source: Wikipedia
14. Which of the following was NOT a program that put Americans to work improving America's infrastructure and public buildings?
- A) Work Progress Administration
- B) Civilian Conservation Corps
- C) Public Works Administration
- D) The American Employment Authority
Source: Flickr
Answer:
The American Employment Authority
Source: CorbisImages
15. What was President Franklin D. Roosevelt’s plan to save the country from the Great Depression called?
- A) The End of the Depression
- B) Hope for America
- C) The New Deal
- D) The Final Straw
Source: Britannica
Answer:
The New Deal
Source: Britannica