Brain Pop Quiz Questions With 100% Correct Answers!!

Which of the following is a true statement about Black Tuesday? - Answer-It was the result of a steady decline in demand for stocks in the previous 12 months. What caused Herbert Hoover to raise taxes during the Depression? - Answer-He wanted to balance the federal government's budget. Which of the following trends during the 1920's set the stage for the Great Depression? - AnswerAmericans building up personal debt How do the Federal Reserve and the government respond to economic slowdowns today? - Answer-They make money available to individuals and businesses. What can you infer about the federal government's economic policies during the Roaring Twenties? - Answer-It encouraged spending Which of the following problems was a key factor that helped lead to both the Great Depression of the 1930s and the economic recession that began in 2008? - Answer-Americans were spending too much money that they didn't have. Which of the following is an opinion about credit? - Answer-We would be better off if credit cards had never been invented. Which of the following choices describes a recession? - Answer-Supply is greater than demand Why did so many banks fail during the Great Depression? - Answer-The banks had made risky loans that weren't paid back. What do most historians credit with ending the Great Depression? - Answer-Massive government spending in preparation for World War 11.Why would a union call for a sit-down strike? - Answer-To protest unfair working conditions