Which of the following factors was not responsible for the decline in demand for consumer goods by the end of the 1920s?
An unequal distribution of wealth meant many Americans could not afford these goods
The laissez-faire policy of the Republican presidents
Many rural Americans did not have electricity so electrical goods were of no use to them
Why did the laissez-faire policy of the Republican presidents lead to the Wall Street Crash?
There was no regulation and not enough safeguards to deal with problems in the economy
American businesses struggled to sell surplus goods because America and foreign governments put tariffs on goods
Many Americans, such as those in the agricultural industries, did not prosper during the boom
What date was called Black Thursday during the Wall Street Crash?
17 October 1929
24 October 1929
29 October 1929
What was President Herbert Hoover’s response to the Great Depression?
A New Deal
Rugged individualism
Social welfare schemes
What were shanty towns and shacks nicknamed during the Great Depression?
Shackvilles
Hoovervilles
Hoover blankets
By July 1932, what percentage of the working population was unemployed?
22 per cent
23 per cent
25 per cent
Which of these did President Herbert Hoover set up to lend money to struggling businesses?
Reconstruction Finance Corporation
Hawley-Smoot Tariff Act
Emergency Banking Act
What was the Bonus Army?
A group of soldiers brought in to deal with protests during the Great Depression
A nickname for a group of shareholders wanting their bonuses
A group of protesting unemployed war veterans
Franklin D Roosevelt promised a New Deal to the American people. Which of the following policies was not part of this New Deal?
Relief
Recovery
Reconstruction
What did President Franklin D Roosevelt do to banks during his first 100 days in office?
Left them to their own devices
Temporarily closed them to inspect them
Closed them all permanently