American History Chapter 12 Practice Test

18 Questions | By Zoomkaboom4 | Updated: Jan 4, 2023 | Attempts: 179

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American History Chapter 12 Practice Test - Quiz

This test is on the Great Depression. This is a test I used to study for the second semester final exam.

Questions and Answers

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.