1/12 U.S history exam "Crash & Depression"

Question 1

Bonus Army

Answer 1

• People wanted the PAT MAN bill to proposed that the veteran’s bonuses should be early released.
• WW1 veteran families marched on Washington DC for early cash redemption of their service certificates.

Question 2

Buying on margin

Answer 2

refer paying a small percentage of stock’s price as a down payment while borrowing the rest

Question 3

Long term causes of the Great Depression

Answer 3

• Crisis in the farm sector
• Uneven distribution of wealth
• Easy availability of credit
• Tariffs and War debts cut down trades

Question 4

Effects of the Great Depression

Answer 4

• Unemployment
• Malnutrition
• Homelessness

Question 5

Causes of the Dust Bowl

Answer 5

• Drought
• High winds
• Overproduction of crops

Question 6

How did Hoover attempt to solve the Depression?

Answer 6

-He asked for voluntary cooperation

Question 7

Federal Home Loan Bank Act

Answer 7

-Distributed money to the bank to low the interest rate to prevent homeowners from losing their property

Question 8

Impact of Hawley Smoot Tariff

Answer 8

• Its intention was to protect American businesses from foreign competition (FAIL).
• Reduce the flow of trade into the US.