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The stock market crash of 1929 was fueled by price supports, unwise investments that people hoped would make them rich overnight
Within a few years, the Hawley-Smoot Tariff Act led to:A. dramatic drop in world tradeB. Hoover"s reelection as presC. more demand for American manufactured goodsD. unequal distribution of income in the US
All of the following were important causes of the Great Depression except:A. both individuals and businesses built up large debts because of easy creditB. tariffs on foreign imports were loweredC. federal government did not insure people"s bank accountsD. stock market crashed
Causes of the farming crisis of the 1920s included the fact that:A. demand for crops fell after WW1B. most people did not own electric refrigeratorsC. the dust bowl took much land out of productionD. federal price supports of corn and wheat were not effective
Buying stocks on the chance of a quick profit without considering risks is known as:A. buying on marginB. speculationC. profit-takingD. living on credit
In calling shantytowns "Hoovervilles", people conveyed their:A. patriotismB. trust in HooverC. disgust with HooverD. grudging respect for Hoover
The aim of the Federal Home Loan Bank Act was to:A. encourgae new constructionB. increase the value of homes and farmsC. make it easier for banks to foreclose on farms and homesD. prevent farmers and homeowners from losing their property
One long-range effect of the Great Depression was that many people:A. grew to like Pres. HooverB. became risk takers in the stock marketC. develped habits of saving and thriftinessD. came to believe in small government
Example of psychological stress caused by the Great Depression was the rise in the number of:A. Malnourished childrenB. People who committed suicideC. Woman working out of homesD. Men who stood in bread lines
Herbert Hoover"s approach to the Depression economy was based on a belief in:A. voluntary cooperationB. separation of church and stateC. golden ruleD. direct government relief

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