Unit 6 Quiz

What was the main difference, in the eyes of the American voting public, between Al Smith and Herbert Hoover in the 1928 Presidential Election was _________. - Al Smith was a Catholic - Herbert Hoover did not run on prosperity - Al Smith was not a family man - Herbert Hoover was a Socialist

Al Smith was a Catholic

What is the name for stock market condition where stocks are going up? - Bull market - Lion market - Bear market - Eagle market

Bull market

What limited Hoover in his response to the Depression? - Congressional acts - Court rulings - His philosophy on the government and the economy - Stock market investors did not want to help correct what they caused

His philosophy on the government and the economy

What was the name of the areas of wood and crate shacks during the Great Depression? - Hoover Cities - Hoovertons - Hoovervilles - Fort Hoover

Hoovervilles

What did the Bonus Army demand? - Better perks for retired Army veterans - Families of dead WWI soldiers be given a bonus too - Better health care - Money for their WWI service

Money for their WWI service

What caused the run on the banks? - Investors wanting to get money out of stocks and into banks - The public's desire to invest in the stock market - People learning of the loss of bank money in the stock market - Banks investing in new technologies

People learning of the loss of bank money in the stock market

What did stock market players like Joseph Kennedy do in the late 1920s that caused a panic in the market? - Sell high - Short shrift - Bought high - Sell short

Sell short

The process of borrowing stock, selling it, and hoping to buy it back at a lower price at a later date is an example of what stock market technique? - Buying low - Selling low - Buying short - Selling short

Selling short

Which of the following was NOT an immediate impact of the stock market crash? - Marriage rate declined - Divorce rate rose - Unemployment went as high as 33% - Suicide rate went down

Suicide rate went down

How did the Hoover Administration handle the Bonus Army? - Arrested the leaders and tried them for treason - Used the active army to burn down their camps with tanks and flamethrowers - Revoked their bonus - Gave in to their demands to print more money

Used the active army to burn down their camps with tanks and flamethrowers