The Great Depression Of 1929 Flashcards
What year did the Great Depression begin?
1929
True or False: The Great Depression was primarily caused by the stock market crash.
True
Fill in the blank: The Great Depression led to widespread _____ in the United States.
unemployment
Which event is often cited as the starting point of the Great Depression?
The stock market crash of October 1929
What was the unemployment rate in the United States at the peak of the Great Depression?
Around 25%
Multiple choice: Which of the following was a major consequence of the Great Depression?
D) Bank failures
What was the primary economic theory that failed to address the Great Depression?
Classical economics
True or False: The Great Depression was a global phenomenon.
True
What was the name of the series of programs implemented by President Franklin D. Roosevelt to combat the Great Depression?
The New Deal
Fill in the blank: The Dust Bowl exacerbated the effects of the Great Depression by causing _____ in agricultural areas.
crop failures
What financial institution collapsed, leading to a loss of savings for many Americans during the Great Depression?
Banks
Multiple choice: Which of these factors contributed to the Great Depression?
B) Over-speculation in the stock market
In which country did the Great Depression have particularly severe effects, leading to the rise of totalitarian regimes?
Germany
True or False: The Great Depression lasted until the start of World War II.
True
What was the impact of the Great Depression on international trade?
It significantly decreased international trade.
Fill in the blank: The Great Depression led to the establishment of _____ to provide relief to the unemployed.
welfare programs
Which act was passed in 1933 to stabilize the banking system during the Great Depression?
The Emergency Banking Act
Multiple choice: Which social group faced the most discrimination during the Great Depression?
C) African Americans
What was the main purpose of the Social Security Act of 1935?
To provide financial assistance to the elderly and unemployed.
True or False: The Great Depression had no impact on the global economy.
False
What was the primary goal of the Securities Act of 1933?
To restore investor confidence in the stock market.
Fill in the blank: The Great Depression prompted a shift towards _____ in economic policy.
Keynesian economics
What was the role of the Federal Reserve during the Great Depression?
To manage monetary policy, though it failed to prevent bank failures.
Multiple choice: Who was the U.S. President at the onset of the Great Depression?
A) Herbert Hoover
What was the impact of the Great Depression on families?
Many families faced poverty and displacement.
True or False: The Great Depression led to the establishment of the Federal Deposit Insurance Corporation (FDIC).
True
