American Journey 25-1
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A quiz based on Chapter 25, section 1 of the book "The American Journey" by Appleby, Brinkley, and McPherson (2003), published by McGraw- Hill.
- 1.In what year was Herbert Hoover elected president?
- A.
1929
- B.
1935
- C.
1928
- D.
2010
- E.
1909
- 2.The big event of 1929 was:
- A.
Herbert Hoover's election
- B.
The stock market crash
- C.
March of the bonus army
- D.
Franklin D. Roosevelt's campaign for presidency
- 3.What does it mean to buy on margin?
- A.
To pay a fraction of the real price, and borrow the rest from a bank who borrows from a broker
- B.
To pay full price but sell for fractions of it
- C.
Buying stocks in small quantities at a time
- D.
To pay a fraction of the real price and borrow the rest from family and friends
- E.
To pay a fraction of the real price and borrow the rest from a broker who borrows it from a bank
- 4.What is the name given to October 24th, 1929?
- A.
Black October
- B.
Bloody Saturday
- C.
Black Friday
- D.
Manic Monday
- E.
Black Thursday
- 5.What happened on October 24th, 1929?
- A.
The value of stocks rose significantly
- B.
Prices began to decline steadily
- C.
13 million shares were sold
- D.
16 million shares were exchanged
- E.
There was a period of readjustment
- 6.The time when the nation's total economic output dropped _____ percent in 3 years is known as the Great Depression
- A.
45
- B.
50
- C.
74
- D.
34
- E.
43
- 7.What is a share?
- A.
A percentage of money
- B.
Being kind to other people
- C.
Sharing is caring!
- D.
Block of investments in corporations
- E.
An amount of money invested in a determined stable amount
- 8.Many banks suffered when people (especially farmers) did what?
- A.
Failed
- B.
Went bankrupt
- C.
Overcharged their credit cards
- D.
Defaulted
- E.
Failed to meet mortgage payments
- 9.The growing gap between _______ people and ________ people fueled the Great Depression
- A.
Smart; stupid
- B.
Rich; poor
- C.
Religious; worldly
- D.
Civilized; savage
- E.
Black; white
- 10."In every pot he said a chicken, but Herbert Hoover, he forgot. Not only don't we have a chicken, we ain't got a pot!" This line from Little Orphan Annie exemplifies the type of hardship faced by people living in sub-par housing, often called _________ or Hoovervilles.
- A.
Shady towns
- B.
Sailor shantys
- C.
Shanty-towns
- D.
Slums
- E.
Poorvilles
- 11.Aid for the needy is called ___________, according to the chapter.
- A.
Relief
- B.
Alms
- C.
Charity
- D.
St. Vincent de Paul
- E.
A hand-out
- 12.Public Works includes all the following except:
- A.
Highways
- B.
Libraries
- C.
Parks
- D.
Bridges
- E.
Churches
- 13.The ____________________ was a group of World War I veterans who were promised $1,000 and marched to Washington seeking it.
- A.
Bogus army
- B.
Veteran affairs
- C.
Bonus army
- D.
Hoover's army
- E.
WWI Survivors Team
- 14.Reconstruction Finance Corporation (RFC) was created to:
- A.
Make Herbert Hoover richer
- B.
Give money to businesses
- C.
Give money to needy people
- D.
Bail out the banks
- E.
Pay the World War I veterans
- 15."A challenge to the authority of the United States government has been met" said Herbert Hoover. What did he mean by this?
- A.
We won World War I
- B.
The current army burned the camps of the veterans
- C.
The economy stabilized
- D.
Giant corporations were shut down
- E.
America was once again a superpower
- 16.What was the average American response to Hoover?
- A.
Admiration
- B.
Anger
- C.
Hope
- D.
Praise
- E.
Satisfaction
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