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