Great Depression Vs. "Great Recession"

10 Questions | Total Attempts: 93

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Great Depression Vs. "Great Recession"

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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