HISTORY 123: DEPRESSION EXAM QUIZ WITH ANSWERS
Explain how each of the following six factors contributed to the Great Depression?
(2pts Each)
Overproduction – Due to Overproduction, prices on the food were falling down, before The New
Deal Project, which paid for canceling production.
Overuse of Credit - Due to overuse of Credit the Great depression occurred. Continuing of
manipulating with rates caused very low-interest rates.
Buying on Margin – It is buying the stock without paying the full price. It also caused Great
Depression and Black Tuesday, when people, which were buying on margin, ran to the banks in
trouble of deprivation of all money (they took loans to pay for stock but after Black Tuesday
stocks were crushed)
Uneven Distribution of Wealth - In the period of the Great Depression 80 percent of the
American people didn’t have savings in the banks when 1 percent was controlling 30% of
savings.
, Market Collapse – In the period of the Great Depression market was collapsing and prices were
dropping.
Run on Banks – People were running to bunks to get their money from banking saving because
they were afraid of losing everything they had before Black Tuesday.
Question 6
Identify three main arguments contained in this letter to Senator Robert Wagner. You may use
quotes, but do so “sparingly.” A sentence response for each of the following is all that is
expected. (6)
Firstly: “a program continually promoting higher wages,”
Secondly: “a program continually promoting shorter hours”
Thirdly/Finally: “a program continually promoting less profits for business,”
Question 7
Specifically referencing these two sources (quote and paraphrase) what was the “Roosevelt
Record” in regards to African Americans? You may also include outside knowledge. One
Developed paragraph.
Note: The Crisis is the official magazine of the NAACP and it was founded by W.E.B. Dubois in
1910. (12)
The policy regards to African Americans were specific, with two sides of the coin. As a
government trend the magazine “The Crisis” was provided meaning: “Negroes are a part of the
country and must be considered in any program for the country as a whole.”. Even some black
politics got posts in the period of 1930s. But from another side, most New Deal acts escaped
Explain how each of the following six factors contributed to the Great Depression?
(2pts Each)
Overproduction – Due to Overproduction, prices on the food were falling down, before The New
Deal Project, which paid for canceling production.
Overuse of Credit - Due to overuse of Credit the Great depression occurred. Continuing of
manipulating with rates caused very low-interest rates.
Buying on Margin – It is buying the stock without paying the full price. It also caused Great
Depression and Black Tuesday, when people, which were buying on margin, ran to the banks in
trouble of deprivation of all money (they took loans to pay for stock but after Black Tuesday
stocks were crushed)
Uneven Distribution of Wealth - In the period of the Great Depression 80 percent of the
American people didn’t have savings in the banks when 1 percent was controlling 30% of
savings.
, Market Collapse – In the period of the Great Depression market was collapsing and prices were
dropping.
Run on Banks – People were running to bunks to get their money from banking saving because
they were afraid of losing everything they had before Black Tuesday.
Question 6
Identify three main arguments contained in this letter to Senator Robert Wagner. You may use
quotes, but do so “sparingly.” A sentence response for each of the following is all that is
expected. (6)
Firstly: “a program continually promoting higher wages,”
Secondly: “a program continually promoting shorter hours”
Thirdly/Finally: “a program continually promoting less profits for business,”
Question 7
Specifically referencing these two sources (quote and paraphrase) what was the “Roosevelt
Record” in regards to African Americans? You may also include outside knowledge. One
Developed paragraph.
Note: The Crisis is the official magazine of the NAACP and it was founded by W.E.B. Dubois in
1910. (12)
The policy regards to African Americans were specific, with two sides of the coin. As a
government trend the magazine “The Crisis” was provided meaning: “Negroes are a part of the
country and must be considered in any program for the country as a whole.”. Even some black
politics got posts in the period of 1930s. But from another side, most New Deal acts escaped
