StudyMate
Alternative Text for Accessibility
Number 1. After World War I, participants were promised a bonus in the form of insurance to be collected in 1945.
Correct Answer: Bonus Army
Number 2. In 1933, members of the Bonus Army marched on Washington D.C. in an attempt to collect their promised bonuses early.
Correct Answer: Bonus March
Number 3. This was a time of mass unemployment during which banks closed, savings were wiped out, and the stock market collapsed.
Correct Answer: Great Depression
Number 4. Shantytowns that sprang up from those that were homeless; generally were made from cardboard boxes, tar paper, crates, etc.
Correct Answer: Hoovervilles
Number 5. An empty pocket turned inside out
Correct Answer: Hoover Flag
Number 6. Hoover administration set up the RFC to make a half billion dollars in "pump priming loans to stimulate the economy in a "trickle-down" manner
Correct Answer: Reconstruction Finance Corporation
Number 7. Taxes on imported goods
Correct Answer: Tariff
Number 8. Bill enacted to increase sales of U.S. products by raising the cost of imported goods with a tariff. Other countries retaliated and the result was a loss of international trade, worsening the worldwide depression.
Correct Answer: Smoot-Hawley Tariff
Number 9. Allowed individuals to borrow money from a broker to purchase stock; the idea was when the stock price went up, it could be sold, the borrowed money paid back, and the rest kept by the investor
Correct Answer: Buying on Margin
Number 10. When a large number of bank customers withdraw their deposits because they believe the bank is, or might become, insolvent (bankrupt)
Correct Answer: Bank Runs