AnswersRMA FL-2100310-United States History Semester 1The Immigrant Experience

Week 7: Boom and Bust Answers

0 verified answers1 views
1
Free Preview

When banks closed as a result of the financial crisis of the Great Depression, depositors

A
were given stock shares instead of cash in compensation.
B
could retrieve the money from their accounts before closure.
C
lost any savings they had kept at a closed bank.
D
could recover their savings from the government.
2
Free Preview

Look at the graph. Then answer the question.Which best explains what had happened in general by the end of October 1929 in the stock market?

Question illustration
A
The market had an overall rally.
B
The market had lost much of its value.
C
The market had totally collapsed.
D
The market had slowly inched upward.
3

How did consumers weaken the economy in the late 1920s?

A
Consumers only bought a limited number of products.
B
Consumers bought too many goods they could not afford.
C
Consumers refused to pay high prices for agricultural goods.
D
Consumers increased their spending and only used cash.
4

During the 1920s, buying stock on credit was called

A
buying on speculation.
B
buying on a gamble.
C
buying on margin.
D
buying on margin call.
5

What role did consumers play in slowing the economy down in the 1920s?

A
Consumers demanded fewer goods.
B
Consumers demanded more goods.
C
Consumer demanded less expensive goods.
D
Consumer demanded better-made goods.
6

In the 1920s, what did businesses and industries do that caused the economy to slow down?

A
They hired more workers.
B
They speculated in the stock market.
C
They bought stocks on margin.
D
They overproduced goods.
7

How did many banks fail consumers in the stock market crash of 1929?

A
Banks had invested customer savings in the stock market, losing depositors’ money in the crash.
B
Banks refused to pass on profits made in the stock market to depositors, keeping the money.
C
Banks refused to issue loans to help investors pay for their financial losses in the crash.
D
Banks only paid a small portion of insurance owed to depositors for their financial losses.
8

Which is an example of using credit?

A
A consumer buys an item and pays by check.
B
A consumer buys an item and promises to pay later.
C
A consumer buys a share in a company.
D
A consumer buys an item and argues over the price.
9

What effect did the use of credit have on the economy in the 1920s?

A
It made the economy stronger.
B
It made the economy weaker.
C
It made parts of the economy stronger.
D
It solved the problem of overproduction.
10

Which best explains how the overproduction of goods in the 1920s affected consumer prices and the economy?

A
Prices fell as consumer demand increased, and the economy grew.
B
Prices increased along with consumer demand, and businesses prospered.
C
Prices fell as consumer demand decreased, and the economy slowed down.
D
Prices increased but consumer demand decreased, and the economy grew.

Did you find these answers helpful?

More from this Course

Quiz
8 verified answers

2.8 The Immigrant Experience

Quiz
1 verified answers

Week 6: The Treaty of Versailles

Quiz
12 verified answers

Socialism and Workers' Parties

Week 7: Boom and Bust Answers — RMA…