Stock Market Boom (1928-1929)

Topics: America
Beginning in February 1928 and lasting through most of 1929, the American stock market
saw the number of shares traded daily soar.

All the following factors contributed to the Great Depression EXCEPT
conservative banking policies that restricted the availability of loans.

In the late 1920s, the European demand for agricultural and manufacturing goods from the United States was

After 1929, in the face of the worsening global economic crisis, the United States
refused to alter the payment schedule of debts owed by European nations to America.

The severity of the Depression increased in 1931 when the Federal Reserve Board
raised interest rates.

In 1932, the unemployment rate in Toledo, Ohio was one of the worst in the nation, at
80 percent.

During the Great Depression in the rural United States,
one-third of all farmers lost their land.

The “Dust Bowl” in the 1930s
was a product of changing environmental conditions.

During the 1930s, southern rural blacks who moved to northern urban areas
generally experienced conditions that were in most respects little better than in the South.

In the 1931 Scottsboro court case,
black teenagers were accused of rape by two white women.

In response to the Great Depression, many Mexican Americans
left the United States entirely.

In the 1930s, the largest Japanese American and Chinese American populations were found in

During the Great Depression, Asian Americans
had trouble competing for jobs with poor white migrants from the Midwest.

The economic pressures caused by the Great Depression
saw men move into jobs traditionally held by professional women.

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During the Great Depression,
the divorce rate declined.

As a result of the Great Depression, social values in the United States
seemed to change relatively little.

In the 1930s, Dale Carnegie’s How to Win Friends and Influence People
taught that individual initiative could help people to restore themselves financially.

During the 1930s, regarding radio,
listening was often a community experience.

Erskine Caldwell’s ________, which later became a long-running Broadway play, was an exposé of poverty in the rural South.
Tobacco Road

The long-time censor of Hollywood films in the 1920s and 1930s was
Will Hays.

In the 1930s, all of the following films offered social commentary on the United States and the Great Depression, EXCEPT
It Happened One Night.

The 1930s films of director Frank Capra typically displayed
a populist admiration for ordinary Americans.

During the 1930s, American literature
offered a greater degree of social commentary than did either radio or movies.

In the 1930s, all the following books offered criticism of American society EXCEPT
Anthony Adverse by Hervey Allen.

During the 1930s, the most important group within the Popular Front was
the Communist Party.

During the 1930s, the American Communist Party
None of these answers is correct.

The Abraham Lincoln Brigade is associated with
the Spanish Civil War.

In 1939, after the Soviet Union signed a nonaggression pact with Nazi Germany, the American Communist Party
lost a significant portion of its membership.

During the 1930s, the Southern Tenant Farmers’ Union
sought to organize the rural poor across racial lines.

During the 1930s, the left in the United States
All these answers are correct.

As Herbert Hoover began his presidency, he
considered the country’s economic future bright.

President Herbert Hoover responded to the onset of the Great Depression by
urging a program of voluntary cooperation from business leaders.

As the depression deepened, President Herbert Hoover
grew less willing to increase federal spending.

The Hawley-Smoot Tariff of 1930
None of these answers is correct.

The Hoover administration addressed the economic situation of American farmers with the
Agricultural Marketing Act.

After Democrats won control of Congress in the 1930 elections, President Herbert Hoover
refused to support a more vigorous public spending program for relief.

The Reconstruction Finance Corporation (RFC)
included a $1.5 billion public works budget, and was created to provide federal loans to troubled banks and businesses.

In 1932, the Reconstruction Finance Corporation
lent funds only to financial institutions with sufficient collateral.

In 1932, the Farmers’ Holiday Association
was essentially a farmers’ strike.

All of the following statements regarding the 1932 “Bonus Army” are true EXCEPT that
the “Army” demanded Congress create relief programs for World War I veterans.

The federal government’s response to the “Bonus Army” included
both the use of six tanks to rout the veterans from Washington, and the injuring of over 100 marchers.

Prior to 1932, Franklin Roosevelt had been all of the following EXCEPT
vice president of the United States.

In 1932, Franklin Roosevelt’s promise of a “new deal” for America included a commitment to
None of these answers is correct.

Franklin Roosevelt’s victory over Herbert Hoover in 1932
was a convincing mandate.

Between his election in 1932 and the inauguration in 1933, Franklin Roosevelt
refused to make any agreements on the economic direction of the country with the outgoing president, Herbert Hoover.

In 1928, Herbert Hoover predicted an end to poverty in America was near.

In the year prior to its crash, the stock market had been soaring upward.

The Great Depression was caused by the stock market crash of October 1929.

The automobile and construction industries were both experiencing economic declines prior to the stock market crash.

During the 1920s, most American banks were quite conservative, but some major banks were quite reckless in their stock market investments.

In order to ease economic problems in Europe, the U.S. government reduced Europe’s debts to America stemming from World War I.

Following the “great crash,” the Federal Reserve system lowered interest rates in an effort to revive the American economy.

Farm income declined by 60 percent between 1929 and 1932.

As the Depression began, more than half of all black Americans still lived in the South.

Those blacks who migrated to northern cities during the Great Depression found conditions little better than in the South.

Traditional patterns of segregation and disenfranchisement in the South were not significantly challenged during the Great Depression.

In 1932, the Supreme Court overturned the convictions of the “Scottsboro boys.”

The last of the Scottsboro defendants was not freed until 1950.

Despite hard economic times in the United States, few Hispanics left for Mexico during the Great Depression.

Popular culture in the 1930s held that married women should not work outside the home.

At the end of the 1930s, a higher percentage of black women were employed than were white women.

During the Great Depression, both the marriage rate and the divorce rate declined.

American social values were changed dramatically by the Great Depression.

The staple of radio broadcasting during the 1930s was news.

In the 1930s, listening to the radio was often a family or community experience.

The power of censors in the film industry declined as the Depression progressed.

It is accurate to state that filmmaker Frank Capra admired the American people and praised the capitalist marketplace.

As the Depression progressed, popular literature and journalism came to be dominated by a group of writers who openly challenged the American way of life.

Under the Popular Front, American Communists softened their criticism of capitalism.

During the 1930s, the American Communist Party was always under the close supervision of the Soviet Union.

Although it was a segregated organization, the Southern Tenant Farmers Union sought to improve the lives of all sharecroppers.

President Hoover did attempt to use federal spending to fight the Great Depression.

Both the Agricultural Marketing Act and the Hawley-Smoot Tariff provided significant help to American farmers.

Much of the money lent by the Reconstruction Finance Corporation went to large banks and corporations.

Farm strikes in the Midwest during the Great Depression were initially successful.

The “Bonus Army” of 1932 demanded that Congress make an early payment of a promised “bonus” for World War I veterans.

Prior to 1932, Franklin Roosevelt had never held elective office.

In national politics, Franklin Roosevelt had generally avoided divisive cultural issues.

Franklin Roosevelt won in a landslide in 1932, but it was not clear what he would do as president.

Prior to his inauguration, Franklin Roosevelt promised outgoing President Hoover that he would not create more debt in the federal budget.

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Stock Market Boom (1928-1929). (2019, Feb 19). Retrieved from

Stock Market Boom (1928-1929)
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