SOL Review – Great Depression
Part I – Causes of the Great Depression (fill in the blank)
Overspeculated
Tariffs
Federal Reserve
1. People ____________________ on stocks, using borrowed money that they could not repay when
stock prices crashed.
2. The ___________ _______________ failed to prevent the collapse of the banking system.
3. High ___________________ discouraged international trade.
Part II – Multiple Choice
1. What is the name of the nation’s bank that supports all of the countries’ banks?
a. The Federal Reserve
b. The Social Security Administration
c. The Department of Commerce
d. Hoovervilles
2. What percentage of people were unemployed by 1932?
a. 25%
b. 10%
c. 40%
d. 17.8%
3. People buying stocks on a margin, or borrowing money to buy stocks, because the economy will get
better is an example of what?
a. The New Deal
b. Sub-prime Mortgages
c. Over Speculation
d. Financial Miscalculation
4. Because many people defaulted on their loans, many ___ lost money they had lent, and failed.
a. Banks
b. Government Officials
c. Carpetbaggers
d. Farmers
5. President Franklin D. Roosevelt promised a ___ to the American people.
a. Square Deal
b. Fair Deal
c. New Deal
d. Lot of money
6. The New Deal created ____ in order to help unemployed Americans find work.
a. Federal work programs
b. The Federal Reserve Bank
c. Hooverville Vacuum Company
d. The FDIC
7. The New Deal also created ___, which takes money out of one’s pay check and returns it to that person
when they retire.
a. Tennessee Valley Authority
b. Civilian Conservation Corps
c. Social Security
d. Reconstruction Finance Corporation
8. President Franklin D. Roosevelt was telling the American people that –
a. Help was coming from the business community
b. The country should worry about a revolution
c. World War II would soon be over
d. The country could survive the Great Depression
9. What best completes the diagram to the
right?
a. The Fair Deal
b. The Great Society
c. The New Frontier
d. The New Deal
10. Which of the following finally ended the Great Depression?
a. Social Security
b. Roosevelt’s New Deal
c. World War 2
d. The Korean War