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U.S. History - Unit 8 (SSUSH17a)
Test Description: Causes of the Great Depression
Instructions: Answer all questions to get your test result.
1) What happened in Europe just after World War I?
A
Most European nations stopped trading with each other.
B
There was a recession.
C
####
D
It was a time of economic prosperity.
2) As Europe's economy suffered during the 1920s...
A
the U.S. economy also suffered
B
the U.S. economy grew strong
C
World War II began
D
####
3) During the 1920s, many American industries...
A
overproduced their goods
B
underproduced their goods
C
###
D
####
4) Americans spent more money during the 1920s and began borrowing money by using:
A
investing
B
spending
C
credit
D
savings
5) Before the Great Depression, investors primarily speculated in:
A
real estate and the stock market
B
the oil industry
C
textiles
D
technology
6) The 'Get Rich Quick' attitudes of the 1920s led to:
A
the Stock Market Crash
B
overproduction
C
overspending
D
####
7) Beginning in the 1920s, many American farmers...
A
stopped paying taxes
B
gained great amounts of money
C
left the U.S. for Canada and Mexico
D
suffered
8) By the time the Great Depression began, the richest 1% of Americans owned:
A
55% of the nation's wealth
B
40% of the nation's wealth
C
25% of the nation's wealth
D
10% of the nation's wealth
9) What occurred during the banking panic of the Great Depression?
A
The government had no influence on how the banks operated.
B
Thousands of banks failed.
C
There was a 0% interest rate.
D
Most banks stopped Americans from withdrawing money.
10) The Great Depression is considered to be:
A
####
B
the worst recession in U.S. history
C
a time of economic hope in the U.S.
D
worse in developing countries than in industrialized ones
*select an answer for all questions
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