Great Depression Vs. "Great Recession"
10 Questions
| Attempts: 112
This will quiz your knowledge of the information you have gleaned from the note sheet, powerpoint, and website. This is a multiple choice quiz, however some answers will include two answers. . . . Good luck
Questions and Answers
- 1.Which of the following is not a cause of the Great Depression?
- A.
The Stock Market Crash of 1929
- B.
Bank Failures
- C.
The Smoot-Hawley Tariff
- D.
Not Purchasing Foreign Goods
- E.
Buying Stocks on Speculation
- 2.The _________ Cycle (Consumers had no money to purchase goods and services so industries responded to lower demand with less supplied services/goods) was also another cause of the Great Depression
- 3.
What is shown in the above picture?- A.
Bank Run
- B.
Bank Burning
- C.
Black Friday at Target
- D.
Black Market
- 4.What was the unemployment rate during the Great Depression? It was _____ %
- 5.FDR and Obama both represent, with their hands-on apprached to the economies problems, a shift towards
- A.
Classical Economics
- B.
Keynesian Economics
- 6.Which of the following are causes of the current Recession?
- A.
High Interest Rates
- B.
Escalating Rate of Foreclosure
- C.
George Bush
- D.
Too Many Economics Worksheets stapled together (Not Packets)
- E.
A&B
- 7.One key difference between FDR and Obama was that FDR had to create his own agencies with his New Deal, whereas Obama was only _______ those agencies already set in place by FDR.
- 8.During the Great Depression, speculation was placed merely on stocks, whereas now during the "Great Recession" speculation is placed on __________.
- 9.How many months has the "Great Recession" lasted to date?
- A.
12
- B.
18
- C.
10
- D.
24
- E.
6
- 10.
What is the name given to the gatherings of shacks and shanty villages strewn across America during the Great Depression??
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