Questions and Answers 100% Pass
1. What month and year did the Wall St. Crash occur? - ✔✔October, 1929
2. What percentage did banks lend when 'Buying on Margin'? - ✔✔90%
3. How much money did Rockefeller lose? - ✔✔$160 million
4. What ratio of farmers were evicted from their land? - ✔✔1:20
5. What did farm income drop to by 1933? - ✔✔$5 billion
6. How much did average income drop by? - ✔✔60%
7. What was gambling on the stock market nicknamed? - ✔✔Speculation
8. How many people died of starvation during the depression? - ✔✔45
9. What percentage of people was unemployed in Toledo? - ✔✔80%
10. How many share holders were there by 1929? - ✔✔20 million
11. How many depositors did the Bank of USA have when it closed in 1930? - ✔✔400,000
12. Fill in the blanks: 'In _____ we ______ and now we are ______' (Iowa Farmers' slogan) - ✔✔Hoover,
trusted, busted
13. What nickname did the shanty towns have? - ✔✔Hoovervilles
14. Who did Hoover use to deal with the Bonus Marchers? - ✔✔General Douglas McArthur
15. By how much did farm and industrial production fall? - ✔✔40%
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