Why did the stock market crash in 1929? (1 point)
A) Banks did not have enough cash on hand to pay withdrawals.
B) Factories and farms did not produce enough to supply the market.
C) Government put too many restrictions on investment in stocks.
D) People invested too much money in risky stocks.
I picked A) Banks did not have enough cash on hand to pay withdrawals.
This is incorrect. The correct answer is D) People invested too much money in risky stocks. The stock market in the 1920s experienced a period of speculation, where investors purchased stocks at inflated prices with the expectation of making a profit quickly. This led to an unsustainable stock market bubble, which eventually burst in 1929 and caused the stock prices to plummet. Many investors lost their fortunes, and it triggered the Great Depression that lasted for years.
What specific effect of the Great Depression does the image show? (1 point)
A) business closures
B) homelessness
C) hunger
D) job losses
I picked B because the image showed the city in the back drop of a closer shot of houses that are falling apart.
You are correct. The specific effect of the Great Depression that the image shows is B) homelessness. The dilapidated and run-down houses in the image suggest that people were unable to maintain their homes and may have been forced to live on the streets or in inadequate housing conditions due to the economic hardships of the time.
How did the Civilian Conservation Corps help people in Washington? (1 point)
A) by helping restore farmland
B) by paying workers for public service
C) by protecting natural resources
D) by providing unemployment pay
I chose C) by protecting natural resources
You are correct. The Civilian Conservation Corps (CCC) helped people in Washington by C) protecting natural resources. The CCC was a work relief program that operated during the Great Depression. Its primary goal was to provide employment to young, unemployed men by carrying out conservation work on public lands. In Washington, the CCC was involved in a variety of conservation projects, including reforestation, stream improvement, erosion control, and the construction of state parks. By protecting Washington's natural resources, the CCC helped to ensure that they could be enjoyed by future generations.
Why did Roosevelt’s New Deal insure bank deposits? (1 point)
A) to discourage risky lending practices
B) to keep people from withdrawing money
C) to prevent people from taking out mortgages
D) to protect against future failures
I chose D) to protect against future failures