FREE SOCIAL STUDIES AND STUDY GAMES ABOUT GREAT

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FREE SOCIAL STUDIES AND STUDY GAMES ABOUT GREAT

DEPRESSION-JL EXAM QUESTIONS

Actual Qs and Ans Expert-Verified Explanation

This Exam contains:

-Guarantee passing score -21 Questions and Answers -format set of multiple-choice -Expert-Verified Explanation

Question 1: What is the Dust Bowl?

Answer:

a region that suffers from long droughts and dust storms

Question 2: What caused the bank runs?

Answer:

many people all at once attempted to withdraw their money from banks

Question 3: What caused the Great Depression?

Answer:

overproduction, declining purchasing power, the stock market crash, unemployment, failed banks and the effects of the Dust Bowl.

Question 4: What is a bank?

Answer:

a place where money is saved or borrowed at an interest

Question 5: What is a drought?

Answer:

A long period with little or no rainfall

Question 6: What is credit?

Answer:

is when you borrow money

Question 7: What is a hobo?

Answer:

a homeless and usually penniless wanderer : tramp

Question 8: What are shareholders?

Answer:

people who invest in a stock market

Question 9: What did banks do in the 1920s that wasn't very smart?

Answer:

lent money to people who could not pay it back Question 10: Which president took most of the blame or criticism for the Great Depression?

Answer:

President Herbert Hoover

Question 11: What is the stock market?

Answer:

a place where people can buy and sell shares of a business

Question 12: What are dividends?

Answer:

profits you receive from a sock investment

Question 13: What is debt?

Answer:

is money that is owed

Question 14: What is deflation?

Answer:

when prices go down below what the product is worth

Question 15: What was the effect of the Great Depression?

Answer:

Hoovervilles, migrant workers, Hobos, increased unemployment

Question 16: What is a deposit?

Answer:

when you put money in a bank

Question 17: What is stock?

Answer:

a portion of a company that is owned

Question 18: What are Migrant workers?

Answer:

People who move from place to place to find or follow a job.

Question 19: What is a Hooverville?

Answer:

are shantytowns. They were created when homeless people began to build homes out of scrap lumber and empty boxes in parks and other public spaces.

Question 20: What is a withdrawal?

Answer:

when you take money out of a bank

Question 21: What was the Great Depression?

Answer:

was when our country and the world suffered economically. Many people did not have jobs and lost their homes. The Great Depression was during the 1930's