Question

review questions

1. which of the following is a cause of the stock market crash of 1929?

a. too many people invested in the market
b. investors made risky investments with borrowed money
c. the federal government invested heavily in business stock
d. world war i created optimal conditions for an eventual crash

1. which of the following groups would not be considered \the deserving poor\ by social welfare groups and humanitarians in the 1930s?

a. vagrant children
b. unemployed workers
c. stock speculators
d. single mothers

1. what were hoovers plans when he first entered office, and how were these reflective of the years that preceded the great depression?
2. which of the following protests was directly related to federal policies, and thus had the greatest impact in creating a negative public perception of the hoover presidency?

a. the farm holiday association
b. the ford motor company labor strikes
c. the bonus expeditionary force
d. the widespread appearance of \hooverville\ shantytowns

1. which of the following groups or bodies did not offer direct relief to needy people?

a. the federal government
b. local police and schoolteachers
c. churches and synagogues
d. wealthy individuals

Explanation:

1. Question 1: The stock market crash of 1929 was partly caused by investors using borrowed money (margin buying) for risky investments. This led to over - valuation and vulnerability.
2. Question 2: In the 1930s, stock speculators were seen as having contributed to the economic problems (like the stock market crash) through their risky and often greedy behavior, so they were not considered "deserving poor".
3. Question 3: Hoover initially believed in limited government intervention, relying on voluntary cooperation among businesses. This was reflective of the laissez - faire economic policies (minimal government interference) that preceded the Great Depression.
4. Question 4: The Bonus Expeditionary Force was a group of World War I veterans who marched to Washington D.C. to demand early payment of a bonus. Hoover's handling (using force to disperse them) had a major negative impact on his public perception.
5. Question 5: Hoover was a proponent of limited government intervention in providing direct relief. Local police and teachers, churches/synagogues, and wealthy individuals might have provided some form of direct help (e.g., food, shelter), but the federal government under Hoover did not offer significant direct relief.

Answer:

1. B. investors made risky investments with borrowed money
2. C. stock speculators
3. Hoover believed in limited government intervention (voluntary cooperation among businesses). This was in line with the laissez - faire policies before the Great Depression.
4. C. the Bonus Expeditionary Force
5. A. the federal government