Multiple Choice
Identify the
letter of the choice that best completes the statement or answers the question.
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1.
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The
mentality of Americans during the 1920’s was ______. a. | Everybody Ought
to Be Rich | c. | Don’t Break
the Bank | b. | Save, Save Save | d. | Get Ready to Crash and Burn | | | | |
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2.
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The
Dow Jones Industrial Average is a measurement of _____ significant stocks traded on the New York
Stock Exchange.
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3.
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During the 1920’s the ______ Amendment prohibited the purchase and consumption of
alcohol. a. | Suffrage | c. | Prohibition | b. | Equal Rights | d. | First | | | | |
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4.
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The
Stock Market Crash ushered in what is known as ______________. a. | The Great
Depression | c. | Era of
Slum | b. | The Great
Recession | d. | Poor
Era | | | | |
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5.
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Buying stocks without having any real money to invest is called
________. a. | Brilliant
investing | c. | Buying on the
Margin | b. | Buying on Large | d. | Credit Capitalization | | | | |
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6.
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________ is a famous photographer from the Great Depression era. a. | Jacob
Riis | c. | George
Eastman | b. | Alfred Stieglitz | d. | Dorothea Lange | | | | |
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7.
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Black
__________ is the name given for the day that the stock market crashed. a. | Friday | c. | Tuesday | b. | Thursday | d. | Wednesday | | | | |
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8.
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The
date of the stock market crash was ________________. a. | October 29,
1929 | c. | December 29,
1929 | b. | September 29,
1929 | d. | October 28,
1928 | | | | |
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9.
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During the Roaring Twenties consumer spending ________. a. | Increased | c. | Remained the
same | b. | Decreased | | | | |
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10.
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If
you desire to purchase a product and you have the money and ability to purchase, you have ______ for
the product. a. | surplus | c. | supply | b. | demand | d. | elasticity | | | | |
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11.
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_________ was the first sports megastar and he played baseball for the New York
Yankees. a. | Lou
Gehrig | c. | Babe
Ruth | b. | Ted
Williams | d. | Derek
Jeter | | | | |
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12.
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To
have produced too many goods is to have a __________. a. | demand | c. | surplus | b. | shortage | d. | price fix | | | | |
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13.
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The
economy of the 1920’s can be described as __________. a. | Strong on inside
and outside | c. | bad on the
inside and outside | b. | Strong on the surface, terrible in
reality | d. | Slowing to a
decline | | | | |
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14.
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Because of the stock market crash, ________ closed in record numbers because people
rushed to withdraw money. a. | grocery stores | c. | banks | b. | hardware
stores | d. | brokerage
houses | | | | |
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15.
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Many
gangsters made large sums of money from the Prohibition Amendment, the most famous of these being
________. a. | Anthony
Soprano | c. | Meier
Lansky | b. | Al Capone | d. | Bugsy Moran | | | | |
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Essay
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16.
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Describe the causes of the Great Depression in the United States.
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