American History Chapter 12 Test

18 Questions  I  By Zoomkaboom4
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American History Quizzes & Trivia
This test is on the Great Depression. This is a test I used to study for the second semester final exam.

  
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  • 1. 
    When President Hoover took office in 1929, most Americans expected...
    • A. 

      To become millionaires.

    • B. 

      A depression or some other disaster.

    • C. 

      More bank failures.

    • D. 

      Prosperity to continue.


  • 2. 
    Generally, the 1920's were marked by...
    • A. 

      Rising farm prices.

    • B. 

      Rising stock prices.

    • C. 

      Falling production.

    • D. 

      Falling wages.


  • 3. 
    The huge rise in the stock market in the 1920's mostly benefited...
    • A. 

      Small business owners.

    • B. 

      The middle class.

    • C. 

      The rich.

    • D. 

      Rural Banks.


  • 4. 
    Consumers' desire for exciting new products led to...
    • A. 

      Record savings rates.

    • B. 

      Dramatic drop in the price of cotton.

    • C. 

      An increase in personal debt.

    • D. 

      The domination of industry by huge corporations.


  • 5. 
    Practices such as buying on margin reflected Americans....
    • A. 

      Moral virtue.

    • B. 

      Demand for safe, secure investments.

    • C. 

      "Get-rich-quick" attitude.

    • D. 

      Lack of faith in the stock market.


  • 6. 
    Despite the prosperity of the 1920's, life remained hard for many...
    • A. 

      Farmers and factory workers.

    • B. 

      Wealthy investors.

    • C. 

      Employers.

    • D. 

      Brokers and speculators.


  • 7. 
    Which statement best describes the American economy in the 1920's?
    • A. 

      Wages decreased and the economy appeared weak.

    • B. 

      Unemployment was at an all-time high.

    • C. 

      Stock prices rose and the economy appeared healthy.

    • D. 

      Small business dominated American industry.


  • 8. 
    One sign the economy might be weakening in the 1920's was...
    • A. 

      The failure of many rural banks.

    • B. 

      Underproduction of consumer goods.

    • C. 

      An increase in personal savings.

    • D. 

      The collapse of large corporations.


  • 9. 
    When the Dow Jones Industrial Average began to drop sharply in late October 1929,...
    • A. 

      Investors bought record numbers of shares of stock.

    • B. 

      Bankers pardoned personal loans and mortgages.

    • C. 

      President Hoover warned Americans to stop investing.

    • D. 

      Investors raced to get their money out of the stock market.


  • 10. 
    The Crash led to...
    • A. 

      Increased factory production.

    • B. 

      A brief period of rising profits.

    • C. 

      Higher farm prices.

    • D. 

      Unemployment for millions of Americans.


  • 11. 
    Which was one effect of the wage cuts and unemployment of the 1930's?
    • A. 

      The divorce rate nearly tripled.

    • B. 

      Banks pardoned thousands of farm mortgages.

    • C. 

      Hoovervilles sprang up in the nation's cities.

    • D. 

      Most industries gave top jobs to married women.


  • 12. 
    Not long after Black Tuesday, the stock market crash was affecting....
    • A. 

      Only those who had invested heavily in stock.

    • B. 

      Wealthy industrialists almost exclusively.

    • C. 

      Millions of Americans, many of whom had never owned stocks.

    • D. 

      Mainly stockbrokers and banks.


  • 13. 
    Those hit hardest by the Depression were...
    • A. 

      Wealthy industrialists.

    • B. 

      High-paid office workers.

    • C. 

      Low-paid laborers.

    • D. 

      Southern landowners.


  • 14. 
    After the Crash, thousands of American banks closed, because they...
    • A. 

      Had to print new money.

    • B. 

      Could not return depositors' money.

    • C. 

      Had invested in European banks.

    • D. 

      Charged too high an interest rate.


  • 15. 
    The rise in homelessness mainly resulted from...
    • A. 

      Increased immigration.

    • B. 

      High interest rates.

    • C. 

      A decline in housing construction.

    • D. 

      Laid-off workers losing their homes.


  • 16. 
    Many farms were auctioned off when farmers...
    • A. 

      Began to irrigate crops.

    • B. 

      Could not pay their mortgages.

    • C. 

      Combined households to save money.

    • D. 

      Destroyed crops to protest low prices.


  • 17. 
    The collapse of the American economic system...
    • A. 

      Affected only the German economy.

    • B. 

      Boosted American investment in Europe.

    • C. 

      Led to a worldwide depression.

    • D. 

      Increased demand for American-made goods.


  • 18. 
    One of the underlying causes of the Great Depression was the United States...
    • A. 

      Lack of farmers.

    • B. 

      Lack of speculators.

    • C. 

      Unstable government.

    • D. 

      Unstable economy.


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