U.S. History - Unit 8 (SSUSH17a) Question Preview (ID: 60954)


Causes Of The Great Depression. TEACHERS: click here for quick copy question ID numbers.

What happened in Europe just after World War I?
a) There was a recession.
b) It was a time of economic prosperity.
c) Most European nations stopped trading with each other.
d) ####

As Europe's economy suffered during the 1920s...
a) the U.S. economy grew strong
b) the U.S. economy also suffered
c) World War II began
d) ####

During the 1920s, many American industries...
a) overproduced their goods
b) underproduced their goods
c) ###
d) ####

Americans spent more money during the 1920s and began borrowing money by using:
a) credit
b) investing
c) savings
d) spending

Before the Great Depression, investors primarily speculated in:
a) real estate and the stock market
b) the oil industry
c) technology
d) textiles

The 'Get Rich Quick' attitudes of the 1920s led to:
a) the Stock Market Crash
b) overproduction
c) overspending
d) ####

Beginning in the 1920s, many American farmers...
a) suffered
b) gained great amounts of money
c) left the U.S. for Canada and Mexico
d) stopped paying taxes

By the time the Great Depression began, the richest 1% of Americans owned:
a) 40% of the nation's wealth
b) 10% of the nation's wealth
c) 25% of the nation's wealth
d) 55% of the nation's wealth

What occurred during the banking panic of the Great Depression?
a) Thousands of banks failed.
b) Most banks stopped Americans from withdrawing money.
c) There was a 0% interest rate.
d) The government had no influence on how the banks operated.

The Great Depression is considered to be:
a) the worst recession in U.S. history
b) a time of economic hope in the U.S.
c) worse in developing countries than in industrialized ones
d) ####

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