|How did speculative investing weaken the stability of the stock market?
||The flurry of investing artificially raised the price of stocks.
|How did the Reconstruction Finance Corporation (RFC) help jump-start the economy?
||The RFC gave loans to a variety of businesses.
|Why were industrial and agricultural surpluses a problem for the US economy?
||The average American had limited funds to purchase these items.
|Smith favored buying farm surpluses, while Hoover believed in funding organizations that would help farmers with the surpluses.
||Smith favored buying farm surpluses, while Hoover believed in funding organizations that would help farmers with the surpluses.
|Which statement describes the United States’ response to the invasion of Manchuria?
||Given the demands of the Depression, there was little money or will to support military action or a trade embargo.
|What do the terms Hooverville and Hoover blanket say about Americans’ attitude toward the president?
||Americans were angry with Hoover for not doing enough to help them out of hard times.
|Which phrase characterizes the perspective most investors had of the stock market in the first half of 1929?
|Which statement best describes the US government’s role with the banking industry at the beginning of the Depression?
||The government had little involvement with monitoring the health of banks.
|Which statement best describes the US welfare system in 1930?
||There were limited resources for people if they found themselves in hard times.
|In the 1930s, what caused Canada to respond by raising its tax on goods imported from the United States?
||the Hawley-Smoot Tariff