HumanitiesCOVID-19 Great Depression
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COVID-19 Great Depression

Joy Phillips avatar Joy Phillips
1 September 2022
4.7 (114 reviews)
10 test answers

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question
Which phrase characterizes the perspective most investors had of the stock market in the first half of 1929?
answer
Strongly enthusiastic
question
In the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States?
answer
Hawley-Smoot Tariff Act
question
Why didn't the Hoover Administration respond more strongly to Japan's invasion of Manchuria?
answer
Given the demands of the Depression, there was little money or will to support military action or a trade embargo.
question
What was a major difference in the political platforms of Herbert Hoover and Alfred Smith?
answer
Smith favored buying farm surpluses, while Hoover believed in funding organizations that would help farmers with the surpluses.
question
Which statement best describes the US welfare system in 1930?
answer
There were limited resources for people if they found themselves in hard times (not enough money and services to give them)
question
What do the terms Hooverville and Hoover blanket say about Americans' attitude toward the president?
answer
Americans were angry with Hoover for not doing enough to help them out of hard times.
question
Which statement best describes the US government's role with the banking industry at the beginning of the Depression?
answer
The government had little involvement with monitoring the health of banks.
question
Why were industrial and agricultural surpluses a problem for the US economy?
answer
The average American had limited funds to purchase these items.
question
How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
answer
The RFC gave loans to a variety of businesses.
question
How did speculative investing weaken the stability of the stock market?
answer
The flurry of investing artificially raised the price of stocks (it was fake and couldn't stay that way)