My secret Thots Exam 2023 with complete solution
What was the danger of Americans buying stocks on margin?
They bought stocks that were hot.
Which of these is the opposite of what Coolidge believed about wealth?
Wealth corrupts society.
Which of these was a result of federal deregulation in the 1920s?
The stock market rose dramatically.
What was the purpose of the Immigration Act of 1924?
to make the American population more white and more Protestant
What was the main goal of gold speculators?
to drive up the price of gold
What is the difference between paper value and real value?
Paper value is based on stock price, while real value is based on sales and profits.
Why did banks start buying lots of stock in the 1920s?
They hoped that by selling hot stocks they could rebuild their cash reserves.
How was the dollar affected when the U.S. adopted the gold standard?
It gained in value.
Who ordered stocks to be bought or sold on the trading floor of the stock
exchange?
stockbrokers
Why was Black Thursday so devastating?
The stock market lost nearly one quarter of its entire value on that one day.
What happened to people who could not meet a margin call?
Their stocks were sold and they did not get any of the money.
What were investors afraid the Federal Reserve Board would do in March 1929?
end its policy of deregulation of the stock market
What was the purpose of the Federal Farm Board?
to help farmers organize to solve the problem of overproduction
How did Hoover plan to jump-start big business?
by asking big corporations to hold wages steady at 1929 rates
Why did Americans want public relief programs instead of industry jump-starts?
They needed immediate, direct help from the government.
What did the Bonus Army want?
They wanted Congress to keep its promise to pay their benefits before 1945.
Which word best describes the appeal of the movies during the Great
Depression?
escape
What was the biggest problem that farmers faced?
losing their land
What was the main emotion felt by people standing in soup lines?
humiliation
What led to the deportation of Mexican Americans in the Southwest during the
Depression?
They could be officially classified as "foreigners" taking American jobs.
, What was the main theme of FDR's address to the nation after he won the
election?
He was ready to give the people the new leadership they wanted.
How did Hoover win his party's nomination to run again in 1932?
He was the incumbent, and the best-known Republican candidate.
How was FDR's popular image a drawback for some people?
He seemed full of promises but short on substance.
What hurt Hoover's popularity most during the campaign?
the attack on the Bonus Army
Which statement describes why Californians did not welcome the Plains
migrants?
California already had a large unemployed population--most of them recent migrants
from the 1920s.
Why were Dust Bowl migrants often referred to as Okies?
Most of the first migrants to arrive in California were from Oklahoma.
What is the legacy of the Civilian Conservation Corps?
over 800 national parks, 3 billion new trees, hundreds of miles of roads, and hundreds
of new levees, dams, and bridges
What was the Soil Conservation Act meant to do?
end farming on the Plains
Why did the CIO want to be an industrial union rather than a craft union, like the
AFL?
The CIO believed an industrial union was stronger than a craft union.
What was the purpose of the National Industrial Recovery Act?
to get businesses to stop competing with each other on price and work together to
stabilize the economy
Which act required publicly traded companies to publish their financial records
each year?
the Securities Act of 1933
What does the National Labor Relations Board do?
It enforces the terms of the Wagner Act.
What was the purpose of the Neutrality Acts Congress passed between 1935 and
1937?
to keep the U.S. out of any future war in Europe and Asia
What was the most important thing that the U.S. had to do to improve relations
with Latin America under the Good Neighbor Policy?
subsidize American tourism to Latin America
What did the Roosevelt-Litvinov Agreements do?
They made diplomatic relations between the U.S. and the Soviet Union possible.
What was a characteristic of the 1938 Congressional elections?
northern states going back to voting Republican
What was the main message of the Quarantine speech?
America can't ignore conflicts in foreign nations.
What did FDR accuse big business owners of doing?
sabotaging the economy
What was the danger of Americans buying stocks on margin?
They bought stocks that were hot.
Which of these is the opposite of what Coolidge believed about wealth?
Wealth corrupts society.
Which of these was a result of federal deregulation in the 1920s?
The stock market rose dramatically.
What was the purpose of the Immigration Act of 1924?
to make the American population more white and more Protestant
What was the main goal of gold speculators?
to drive up the price of gold
What is the difference between paper value and real value?
Paper value is based on stock price, while real value is based on sales and profits.
Why did banks start buying lots of stock in the 1920s?
They hoped that by selling hot stocks they could rebuild their cash reserves.
How was the dollar affected when the U.S. adopted the gold standard?
It gained in value.
Who ordered stocks to be bought or sold on the trading floor of the stock
exchange?
stockbrokers
Why was Black Thursday so devastating?
The stock market lost nearly one quarter of its entire value on that one day.
What happened to people who could not meet a margin call?
Their stocks were sold and they did not get any of the money.
What were investors afraid the Federal Reserve Board would do in March 1929?
end its policy of deregulation of the stock market
What was the purpose of the Federal Farm Board?
to help farmers organize to solve the problem of overproduction
How did Hoover plan to jump-start big business?
by asking big corporations to hold wages steady at 1929 rates
Why did Americans want public relief programs instead of industry jump-starts?
They needed immediate, direct help from the government.
What did the Bonus Army want?
They wanted Congress to keep its promise to pay their benefits before 1945.
Which word best describes the appeal of the movies during the Great
Depression?
escape
What was the biggest problem that farmers faced?
losing their land
What was the main emotion felt by people standing in soup lines?
humiliation
What led to the deportation of Mexican Americans in the Southwest during the
Depression?
They could be officially classified as "foreigners" taking American jobs.
, What was the main theme of FDR's address to the nation after he won the
election?
He was ready to give the people the new leadership they wanted.
How did Hoover win his party's nomination to run again in 1932?
He was the incumbent, and the best-known Republican candidate.
How was FDR's popular image a drawback for some people?
He seemed full of promises but short on substance.
What hurt Hoover's popularity most during the campaign?
the attack on the Bonus Army
Which statement describes why Californians did not welcome the Plains
migrants?
California already had a large unemployed population--most of them recent migrants
from the 1920s.
Why were Dust Bowl migrants often referred to as Okies?
Most of the first migrants to arrive in California were from Oklahoma.
What is the legacy of the Civilian Conservation Corps?
over 800 national parks, 3 billion new trees, hundreds of miles of roads, and hundreds
of new levees, dams, and bridges
What was the Soil Conservation Act meant to do?
end farming on the Plains
Why did the CIO want to be an industrial union rather than a craft union, like the
AFL?
The CIO believed an industrial union was stronger than a craft union.
What was the purpose of the National Industrial Recovery Act?
to get businesses to stop competing with each other on price and work together to
stabilize the economy
Which act required publicly traded companies to publish their financial records
each year?
the Securities Act of 1933
What does the National Labor Relations Board do?
It enforces the terms of the Wagner Act.
What was the purpose of the Neutrality Acts Congress passed between 1935 and
1937?
to keep the U.S. out of any future war in Europe and Asia
What was the most important thing that the U.S. had to do to improve relations
with Latin America under the Good Neighbor Policy?
subsidize American tourism to Latin America
What did the Roosevelt-Litvinov Agreements do?
They made diplomatic relations between the U.S. and the Soviet Union possible.
What was a characteristic of the 1938 Congressional elections?
northern states going back to voting Republican
What was the main message of the Quarantine speech?
America can't ignore conflicts in foreign nations.
What did FDR accuse big business owners of doing?
sabotaging the economy
