The Great Depression Review

After years of massive unemployment during the Great Depression

Americans voters elected new Presidential leadership.

The best evidence that overproduction and falling prices was a cause of the Great Depression was that

In 1920 a bushel of wheat sold for $2.94, in 1929 it sold for $1.00 and by 1932 a bushel sold for .30 cents. n 1920 a bushel of wheat sold for $2.94, in 1929 it sold for $1.00 and by 1932 a bushel sold for .30 cents.

What was an effect of the Great Depression on city life?

Many people lost their jobs and were evicted from their homes.

The "Dust Bowl" was an ecological situation associated with

The Great Depression.

What was the lasting impact of the Hawley-Smoot Tariff enacted during the Great Depression?

The end of the use of high tariffs in 20th-century American trade policy

What was the main reason why the Great Depression was felt so financially in Europe, even before the actual Stock Market Crash of 1929?

The financial cost of World War I left many nations with no money and high unemployment.

What was the political impact on migration during the Dust Bowl?

The government intervened to prevent migration from the area.

The runs on banks during the Great Depression worsened the country's economic situation because the bank runs

caused many banks to close and created an even greater shortage of money.

Overproduction and underconsumption factored into causing the Great Depression by

causing falling prices on goods.

A major cause of the economic depression of 1929 was

decline in consumer purchasing power.

What played the BIGGEST role in causing the Dust Bowl?

high demand for agricultural crops

In 1930, the U.S. passed the Smoot-Hawley Tariff, one of the most protectionist tariffs in history. Many nations retaliated with their own tariffs. As a result

international trade decreased during the early 1930s.

Herbert Hoover's solution to easing the Great Depression was primarily to

provide some federal help to bankers, but leave relief for the poor to private charities.

The BEST description of "Hoovervilles" was

shantytowns in which homeless families lived during the Great Depression

What was one contributing factor to the Crash of 1929 and the Great Depression?

stock market speculation

Each of these statements about bank failures during Great Depression is true EXCEPT

the crisis led to the end of government regulation of the economy.

One reason the Depression of 1929 was so severe in the United States was

the economy had become primarily industrial and most Americans were affected by business variations.

U.S. bank failures reached around 600 per year in the early 1930s because

too much money was loaned out to people for risky investments.

As a result of the Dust Bowl, most "Okies" who headed to California were

urged to leave and found it difficult to make a living.

Following the stock market crash in 1929, President Hoover was criticized for

waiting for the economy to come out of the Depression