Question 1

Prior to the stock market crash in October 1929,what were the major weaknesses in the economy of the late 1920s?

Accepted Answer

Prior to the stock market crash in October 1929, the major weaknesses in the economy of the late 1920s included overproduction and underconsumption, unequal distribution of wealth, and the reliance on credit and speculation.

Overproduction and underconsumption occurred as industries were producing more goods than consumers could afford to buy. This led to a surplus of goods and declining prices, which in turn caused businesses to reduce production and lay off workers, exacerbating the problem.

The unequal distribution of wealth meant that the majority of the population had limited purchasing power, while a small percentage of the population held most of the wealth. This further contributed to the issue of underconsumption.

The reliance on credit and speculation also played a significant role in the weaknesses of the late 1920s economy. Many people were buying stocks "on margin," meaning they were borrowing money to invest in the stock market. This led to inflated stock prices and a speculative bubble that eventually burst with the stock market crash.

These weaknesses, among others, contributed to the economic instability that ultimately led to the Great Depression.

Question 2

In 1932,President Hoover sought to lift business out of the Depression through the ________ Corporation.

Accepted Answer

Reconstruction Finance

Question 3

Franklin Roosevelt's victory over Herbert Hoover in 1932

Accepted Answer

A)  saw Roosevelt carry every state. 
B)  was disputed in several states. 
C)  was a convincing mandate. 
D)  was decided only in the final days of the election. 
E)  All these answers are correct. 
A)  saw Roosevelt carry every state. 
B)  was disputed in several states. 
C)  was a convincing mandate. 
D)  was decided only in the final days of the election. 
E)  All these answers are correct. C

Question 4

What did President Hoover offer in the fight against the Great Depression? Why was he ineffective in this fight?

Accepted Answer

President Hoover offered a variety of me

Question 5

Much of the money lent by the Reconstruction Finance Corporation went to large banks and corporations.

Accepted Answer

A) True 
 B)False

Question 6

The economic pressures caused by the Great Depression

Accepted Answer

A)  weakened the notion that a woman's proper place was in the home. 
B)  saw men move into jobs traditionally held by professional women. 
C)  forced most women out of the labor force. 
D)  led the federal government to make it illegal for married women to work outside the home. 
E)  affected service and clerical positions held by women more than they affected jobs in heavy industry. 
A)  weakened the notion that a woman's proper place was in the home. 
B)  saw men move into jobs traditionally held by professional women. 
C)  forced most women out of the labor force. 
D)  led the federal government to make it illegal for married women to work outside the home. 
E)  affected service and clerical positions held by women more than they affected jobs in heavy industry.

Question 7

President Hoover did attempt to use federal spending to fight the Great Depression.

Accepted Answer

A) True 
 B)False

Question 8

Why was Franklin Roosevelt elected president in 1932? What was his campaign platform?

Accepted Answer

Franklin D. Roosevelt was elected presid

Question 9

The Socialist Party of America in the 1930s was led by ________.

Accepted Answer

The answer of The Socialist Party of America in the...

Question 10

The staple of radio broadcasting during the 1930s was news.

Accepted Answer

A) True 
 B)False

Question 11

In the late 1920s,the European demand for agricultural and manufacturing goods from the United States was

Accepted Answer

A)  rising. 
B)  steady. 
C)  declining. 
D)  chronically unstable. 
E)  essentially nonexistent. 
A)  rising. 
B)  steady. 
C)  declining. 
D)  chronically unstable. 
E)  essentially nonexistent.

Question 12

During the 1930s,the Southern Tenant Farmers' Union

Accepted Answer

A)  sought to organize the rural poor across racial lines. 
B)  was formed by the American Communist Party. 
C)  concerned the federal government as a powerful force of rural radicalism. 
D)  both sought to organize the rural poor across racial lines, and concerned the federal government as a powerful force of rural radicalism. 
E)  All these answers are correct. 
A)  sought to organize the rural poor across racial lines. 
B)  was formed by the American Communist Party. 
C)  concerned the federal government as a powerful force of rural radicalism. 
D)  both sought to organize the rural poor across racial lines, and concerned the federal government as a powerful force of rural radicalism. 
E)  All these answers are correct.

Question 13

The 1930s films of director Frank Capra typically displayed

Accepted Answer

A)  a populist admiration for ordinary Americans. 
B)  the cultural backwardness of small towns in America. 
C)  praise for the "rugged individualism" of American business. 
D)  the grasping materialism of most Americans. 
E)  a harsh critique of the heartlessness of capitalism. 
A)  a populist admiration for ordinary Americans. 
B)  the cultural backwardness of small towns in America. 
C)  praise for the "rugged individualism" of American business. 
D)  the grasping materialism of most Americans. 
E)  a harsh critique of the heartlessness of capitalism.

Question 14

During the 1930s,the American Communist Party was always under the close supervision of the Soviet Union.

Accepted Answer

A) True 
 B)False

Question 15

In the year prior to its crash,the stock market had been soaring upward.

Accepted Answer

A) True 
 B)False

Question 16

When a live radio broadcaster,overcome with emotion,cried out "Oh the humanity!" on the air in 1937,he was referring to the crash of the ________.

Accepted Answer

The answer of When a live radio broadcaster,overcome with emotion,cried...

Question 17

At the end of the 1930s,a higher percentage of black women were employed than were white women.

Accepted Answer

A) True 
 B)False

Question 18

Both the Agricultural Marketing Act and the Hawley-Smoot Tariff provided significant help to American farmers.

Accepted Answer

A) True 
 B)False

Question 19

The severity of the Depression increased in 1931 when the Federal Reserve Board

Accepted Answer

A)  closed all financially-ailing banks. 
B)  declared bankruptcy. 
C)  weakened the value of the dollar. 
D)  expanded the money supply. 
E)  raised interest rates. 
A)  closed all financially-ailing banks. 
B)  declared bankruptcy. 
C)  weakened the value of the dollar. 
D)  expanded the money supply. 
E)  raised interest rates.

Question 20

In 1932,the Farmers' Holiday Association

Accepted Answer

A)  began and spread throughout the South. 
B)  was essentially a farmers' strike. 
C)  led to more public money being sent to rural areas. 
D)  called on farmers to leave their lands unplanted. 
E)  argued that farmers should also reap the benefits of welfare capitalism. 
A)  began and spread throughout the South. 
B)  was essentially a farmers' strike. 
C)  led to more public money being sent to rural areas. 
D)  called on farmers to leave their lands unplanted. 
E)  argued that farmers should also reap the benefits of welfare capitalism.

Exam 23: The Great Depression

Prior to the stock market crash in October 1929,what were the major weaknesses in the economy of the late 1920s?

In 1932,President Hoover sought to lift business out of the Depression through the ________ Corporation.

Franklin Roosevelt's victory over Herbert Hoover in 1932

What did President Hoover offer in the fight against the Great Depression? Why was he ineffective in this fight?

Much of the money lent by the Reconstruction Finance Corporation went to large banks and corporations.

The economic pressures caused by the Great Depression

President Hoover did attempt to use federal spending to fight the Great Depression.

Why was Franklin Roosevelt elected president in 1932? What was his campaign platform?

The Socialist Party of America in the 1930s was led by ________.

The staple of radio broadcasting during the 1930s was news.

In the late 1920s,the European demand for agricultural and manufacturing goods from the United States was

During the 1930s,the Southern Tenant Farmers' Union

The 1930s films of director Frank Capra typically displayed

During the 1930s,the American Communist Party was always under the close supervision of the Soviet Union.

In the year prior to its crash,the stock market had been soaring upward.

When a live radio broadcaster,overcome with emotion,cried out "Oh the humanity!" on the air in 1937,he was referring to the crash of the ________.

At the end of the 1930s,a higher percentage of black women were employed than were white women.

Both the Agricultural Marketing Act and the Hawley-Smoot Tariff provided significant help to American farmers.

The severity of the Depression increased in 1931 when the Federal Reserve Board

In 1932,the Farmers' Holiday Association

The Collision of Cultures

Transplantations and Borderlands

Society and Culture in Provincial America

The Empire in Transition

The American Revolution

The Constitution and the New Republic

The Jeffersonian Era

Varieties of American Nationalism

Jacksonian America

America’s Economic Revolution

Cotton, Slavery, and the Old South

Antebellum Culture and Reform

The Impending Crisis

The Civil War

Reconstruction and the New South

The Conquest of the Far West

Industrial Supremacy

The Age of the City

From Crisis to Empire

The Progressives

America and the Great War

The “New Era”

The New Deal

The Global Crisis, 1921–1941

America in a World at War

The Cold War

The Affluent Society

Civil Rights, Vietnam, and the Ordeal of Liberalism

The Crisis of Authority

From the “Age of Limits” to the Age of Reagan

The Age of Globalization

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