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Gr. 7-8 US History: GREAT DEPRESSION 1
Test Description: US History: Great Depression Vocab
Instructions: Answer all questions to get your test result.
1) When someone purchases stocks on credit, with borrowed money, it is called?
A
Buying on Margin
B
Foolish
C
Trading
D
Lending
2) What was 'Black Tuesday'?
A
The day Herbert Hoover was elected
B
The best shopping day of the year
C
The day the stock market crashed
D
The day World War II started
3) When was 'Black Tuesday'?
A
July 4, 1776
B
October 29, 1929
C
My Birthday
D
December 7, 1941
4) The ups and downs in the economy over time is called the...?
A
Mood Swings
B
Economic Rollercoaster
C
Great Depression
D
Business Cycle
5) What was the Great Depression?
A
the highest and longest-lasting economic growth in the history of the United States
B
a huge hole in the middle of New Mexico caused by a meteor
C
the deepest and longest-lasting period of sadness in the United States
D
the deepest and longest-lasting economic downturn in the history of the United States
6) Who were the Bonus Army?
A
a group of Walmart greeters who got a raise
B
a group of World War II soldiers who wanted more money
C
a group of World War I veterans who demanded payment of their military bonuses
D
a group of Wall Street traders who got bonuses causing the Stock Market to crash
7) Who was the President during the Great Depression?
A
Franklin Roosevelt
B
Herbert Hoover
C
Barack Obama
D
Calvin Coolidge
8) When was the Great Depression?
A
1900-2000
B
1929-1939
C
1861-1865
D
1776-1789
9) The ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future is called...?
A
Credit
B
Awesome
C
Layaway
D
Stocks
10) Which of the following is NOT an example of credit?
A
Paying for something with cash when you buy it.
B
Going to a bank for a mortgage on a house
C
Using a Visa or Mastercard to purchase groceries
D
Getting a loan to buy a car
11) When you borrow money from a bank or a person, you typically must pay the money back with an added cost. What is this added cost called?
A
Interest
B
Debt
C
Credit
D
Stocks
12) What are stocks?
A
A winning lottery ticket
B
A purchased certificate that gives a person access to Wall Street
C
A purchased certificate that gives a person part-ownership of a company
D
A purchased certificate that gives a person magical powers
*select an answer for all questions
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