CHAPTER 25: THE GREAT DEPRESSION AND THE NEW DEAL, 1929–1939
Multiple Choice
1. What occurred on “Black Tuesday”?
A) A stock market crash wiped out all the gains of the previous year.
B) Germany attacked Poland.
C) Herbert Hoover announced he would take no action regarding the faltering farm economy.
D) U.S. Steel announced a layoff of over half its workers.
2. The Depression was prolonged when __________.
A) the government ordered that more exports be sold in Europe
B) banks voluntarily submitted to regulatory policies
C) the Federal Reserve Board restricted the nation’s money supply
D) farm prices and workers’ wages skyrocketed
3. The Wall Street crash __________.
A) was triggered by excessive government spending
B) only affected middle-class Americans
C) was caused by the low level of investment in the 1920s
D) marked the beginning of the depression, but did not cause it
4. Which of the following was an early result of the 1929 stock market crash?
A) even more massive declines in stock values in Europe the day after Black Tuesday
B) an acceleration of European repayments of American loans
C) a large decrease in American investments in Europe
D) increased American exports