Date Name CHAPTER 14 f section quiz The Nation's Sick Economy Section 1 A Terms and Names Write the letter of the name or term that matches the . description. a . b . c . d e . . credit f. Alfred E. Smith speculation price support Black Tuesday Herbert Hoover g. h. i. j. 1 . 2 . buying on margin Hawley-Smoot Tariff Act Dow Jones Industrial Average Great Depression This Democrat lost the presidential election of 1928. This Republican won the presidential election of 1928. 3 This term refers to the stock market crash of October 29, 1929. . 4 . This term is the name of the most widely used measure of the stock markets health. 5 . 6 . 7 . 8 . 9 . In an effort to curb the financial loss farmers were suffering, Congress tried to pass the McNary-Haugen bill, which would have mandated this on key crops. This term specifically refers to paying a small percentage of a stocks price as a down payment and borrowing the rest. This term refers to making extremely risky business transactions on the chance of making quick or considerable profits. This reduced the flow of goods into the United States and prevented other countries from earning American currency to buy American " g exports. | This is an arrangement in which consumers agree to buy now and pay later for purchases, often on an installment plan that includes interest charges. ci c 10. This is the period from 1924 to 1940 in which the economy plummeted and unemployment skyrocketed. 1 CO D) O Q o B . Extended Response Briefly answer the following question on the back of this paper. Describe the fundamental problems in one of the following areas of the economy and how they helped to cause the Great Depression: industry, agriculture, consumer spending and debt, distribution of wealth. 262 Unit 4, Chapter 14 © Name Date CHAPTER 14 Section 2 A - section quiz Hardship and Suffering During the Depression Terms and Names On the lines below, write brief answers to the questions. 1 . During the Great Depression, where would you have been most likely to find shantytowns? 2 3 4 . . . g £ During the Great Depression, what did soup kitchens provide? During the Great Depression, what were bread lines? During the 1930s, what region became known as the Dust Bowl? 5. At the beginning of the Great Depression, what were the main sources of direct relief? 5 d - _ j " co D) 9 ,. B- Extended Response Briefly answer the following question. If you need more room, continue on the back of this paper. Identify some of the physical and emotional health problems caused by the Great Depression. The Great Depression Begins 263 Date Name CHAPTER 14 Section 3 A - section quiz Hoover Struggles with the Depression Terms and Names If the statement is true, write "true" on the line. If it is false, change the underlined word or words to make it true. Example: Herbert Hoover believed that one of government s chief functions was to foster cooperation between competing interests. Example: At first, Hoover supported direct federal aid for the needy. opposed \ 1 . Shasta Dam, now called Hoover Dam, became the worlds tallest and second largest dam, providing the region with electricity, flood control, and a regular water supply 2 . , Congress passed the Federal Home Loan Bank Act to lower mortgage rates for home owners and allow farmers to refinance their loans. 3 . The Patman Bill was intended to pump new life into the economy by providing emergency financing to various types of small businesses. 4 . Hoover s image suffered when he ordered the forced removal of 2,000 members of the Bonus Army-hoboes who had built a shantytown within sight of the Capitol building. " d CD 0 (0 B . Extended Response Briefly answer the following question. If you need more 1? room, continue on the back of this paper. J? < Compare President Hoover s response to the stock market crash of 1929 to his response to the Great Depression in the early 1930s. o = to O) o Q o 264 Unit 4, Chapter 14