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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
Investors
C
Production
D
Competition
2) Before the Great Depression it looked like the ____________was doing very well.
A
Businesses
B
Investors
C
Economy
D
Banks
3) At this time companies were building more factories because the demand was so low or high.
A
low
B
high
4) During this time, in the overinflated economy , the factories were producing more and more goods.
A
True
B
False
5) The factories were in fact producing more goods than were needed and all goods were not being sold. When supply goes up ____________________.
A
Prices increase
B
Price goes down
C
Price stays the same
D
People lose money
6) In 1933, the country had a __________unemployment rate.
A
15%
B
10%
C
50%
D
25%
7) Right after WWI the US led the world in ________________. Farmers were getting very rich.
A
Food production
B
Loans made
C
Tractor sales
D
Factories built
8) After some time, the European nations are able to increase agricultural production. This in turn raises the supply, which lowers prices.
A
True
B
False
9) The bank's role in an economy is to lend money. They then make money off the _______________.
A
Investors
B
Interest
C
Businesses
D
Stocks
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
Closed
D
Got bailouts
*select an answer for all questions
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