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Finance Flashcards

AP US History: Plato Edition: The Great Depression

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? strongly enthusiastic
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

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