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40. Unit 8-4: Causes Of The Great Depression (part 2)
Test Description: SocialStudiesGames.net
Instructions: Answer all questions to get your test result.
1) The banks and government played a large role in the Great Depression by lending money to people who could not repay loans, and by keeping ___________________low.
A
Interest rates
B
Competition
C
Investors
D
Production
2) Before the Great Depression it looked like the ____________was doing very well.
A
Banks
B
Businesses
C
Investors
D
Economy
3) At this time companies were building more factories because the demand was so low or high.
A
high
B
low
4) During this time, in the overinflated economy , the factories were producing more and more goods.
A
False
B
True
5) The factories were in fact producing more goods than were needed and all goods were not being sold. When supply goes up ____________________.
A
People lose money
B
Price goes down
C
Prices increase
D
Price stays the same
6) In 1933, the country had a __________unemployment rate.
A
25%
B
15%
C
50%
D
10%
7) Right after WWI the US led the world in ________________. Farmers were getting very rich.
A
Food production
B
Loans made
C
Factories built
D
Tractor sales
8) After some time, the European nations are able to increase agricultural production. This in turn raises the supply, which lowers prices.
A
False
B
True
9) The bank's role in an economy is to lend money. They then make money off the _______________.
A
Businesses
B
Investors
C
Stocks
D
Interest
10) The banks were making too many loans to farmers and investors. Citizens could not repay loans and banks_____________.
A
Suffered
B
Went broke
C
Got bailouts
D
Closed
*select an answer for all questions
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