Name______Date______Block____
The Great Depression Test Study Guide TEST DATE: ______
This test will comprise of 30 questions. Fourteen matching worth 4 points each, 6fill in the blank with a word bank worth 4 points each, and 10 fill in the blank with a word bank worth 2 points each. Study this and your SOL notes and the filled in vocabulary I gave you.
- Causes of the Great Depression-refer to your SOLs and notes
a. People overspeculated, using borrowed money that they could not repay causing the stock market to crash
b. The Federal Reserve failed to prevent the collapse of the banking system
c. High trade taxes (tariffs) strangled (slowed) international trade, which hurt American businesses
d. The severe drought/Dust Bowl caused more farms to fail
- Effects of the Great Depression-refer to your SOLs and notes
a. A large number of banks and businesses failed
b. One-fourth of workers were unemployed
c. Large numbers of people were hungry and homeless
d. Farmers’ incomes fell to low levels because of the drought.
3. The SEC (Securities and Exchange Commission) regulates the stock market
4. The CCC (Civilian Conservation Corps) was a federal work program that employed young men to plant trees and build bridges.
5. Social Security provides money for the elderly called a pension as well as money for the unemployed and disabled.
6. The AAA (Agricultural Adjustment Act) was a farm assistance program that paid farmers to NOT grow certain crops.
This would decrease the supply which would eventually cause the price to go up.
7. The TVA(Tennessee Valley Authority) was an environmental improvement program that built dams to provide an affordable source of electric power to seven southern states.
8. The FDIC (Federal Deposit Insurance Corporation) insures bank deposits.
9. Hoovervilles-The shantytowns during the Great Depression made out of boxes, scrap wood, etc. that many homeless Americans lived in.
10. Dust Bowl- The name given to the area of the southern Great Plains that suffered from a lack of rain and dust storms for ten years
11. stock-shares of ownership in a company which can be bought or sold for money
12. subsidy-money the government gives to a person or company so that they will eventually help others (farmers get subsidies)
13. credit/on margin-a type of loan; borrowing money that will be paid back later with interest
14. default-to not do something you were supposed to do (for ex. Pay a bill or loan).
15. Federal Reserve-a federal agency that regulates and makes rules for banks.
OVER------
16. The Great Depression-The severe economic crisis that happened drying the 1930s around the world
17. The New Deal-The ideas that FDR came up with (that Congress approved) to help solve the problems of the Great Depression
18. migrant worker-a person who moves from place to place to find work
19. pension-money paid to a person on a regular basis, usually after they retire
*20. public works-projects like highways, parks and libraries that are built by using taxes
*21. Relief-immediate help for the needy (soups kitchens, etc.)
*22. work relief-programs that gave unemployed people jobs
*Very similar