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 Unit 9 Part 2 Review Game Questions/AnswersWhat is it called when a business produces more than the consumer demands? OverproductionWhat is it called when someone buys stocks with borrowed money? Buying on marginWhat is October 29th, 1929 commonly referred to as? Black TuesdayWho was the President at the time of the Stock Market Crash of 1929 and the start of the Great Depression? Herbert HooverFranklin Delano Roosevelt was elected a record 4 times. Shantytowns located outside of cities were referred to as HoovervillesPresident Hoover practiced the economic theory of Lassiez FaireThe FDIC (New Deal Program) was designed so that people would not lose their money if the bank failed. Which of the following was NOT a goal of the New Deal? ReliefRefundRecoveryReformWhat year did FDR first become president? 1933During the Dust Bowl, many farmers moved from the Great Plains to California. Which New Deal program was designed to help the unemployed, elderly and disabled? SSAWhat were FDR’s informal radio speeches called? Fireside ChatsWhen the government spends more than it collects in taxes, this is called deficit spending.During the worst of the Depression, the average unemployment rate in the country was 25 %. Overproduction of goods caused prices toJumpIncreaseDecreaseStay the sameAfter the Stock Market Crash, the DOW Jones Index lost approximately how much of its value? 90 %Which New Deal Program paid farmers to produce fewer crops to help raise prices? AAAAn increase in tariffs often causes a decrease in foreign trade. Which New Deal Program established a minimum wage and established child labor restrictions? FLSAWhich of the following New Deal Programs regulated the buying and selling of stocks? Securities and Exchanges CommissionFederal Deposit Insurance CorporationEmergency Banking ActSocial Security Administration What event brought the United States out of the Great Depression? The US entering WWII in 1941List the FIVE main causes of the Great Depression: Overproduction of goods, Stocks were overvalued, too much debt/buying on margin, Little/no regulation of banks, High tariffs that discouraged trade ................
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