JeopardyLeadership Money The 20’s Farming Depression

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Final Jeopardy

$100 Question from H1

Who was the president that was Unfortunate enough to be elected rightBefore the beginning of the GreatDepression?

$100 Answer from H1

Herbert Hoover

$200 Question from H1

Shantytowns that were createdAs housing by the homeless fromScraps were known as:

$200 Answer from H1

Hoovervilles

$300 Question from H1

True or False: Hoover believed In a hands-on relationship betweenThe government and the business World.

$300 Answer from H1

False. He believed in a hands offApproach.

$400 Question from H1

Hoover’s administration passed theHawley-Smoot Tariff. What did thisTariff do?

$400 Answer from H1

Raised taxes on imports by asMuch as 50%.

$500 Question from H1

What was the result of the Hawley-Smoot Tariff?

$500 Answer from H1

An international trade war in whichForeign countries refused to buy U.S.Goods. If you won’t buy my goods,I won’t buy yours!

$100 Question from H2

The Great Depression is known asThe greatest ____________ crisisIn U.S. history.

$100 Answer from H2

Economic

$200 Question from H2

What is speculation?

$200 Answer from H2

Buying at high risk in an effort to Make large amounts of profit.

$300 Question from H2

Explain the concept of buying onthe margin.

$300 Answer from H2

Shares were bought at 10% of their Value, with the additional 90% beingPaid once the shares were sold for highProfits.

$400 Question from H2

Prior to the 1920’s, creditWas only available for what Group? During the 1920’sCredit was extended to What group?

$400 Answer from H2

Businesses; consumers

$500 Question from H2

Explain the difference betweenInflation and deflation.

$500 Answer from H2

Inflation: lowered value of moneyDeflation: lowered demand Coupled with falling prices of goods

$100 Question from H3

What is the nickname given to The 1920’s?

$100 Answer from H3

The Roaring 20’s

$200 Question from H3

Overproduction in the 1920’s Led to what consequence?

$200 Answer from H3

Falling prices of goods

$300 Question from H3

The increase in consumer goods Led to spending in the 1920’s.What are some examples of thoseConsumer goods?

$300 Answer from H3

Automobiles, radios, Small home appliances

$400 Question from H3

What role did uneven distributionOf wealth play in the economicSituation of the 20’s?

$400 Answer from H3

While only a few were wealthy,Many wanted to purchase the Consumer goods the rich could afford.This led to buying on credit andThe growth of personal debt.

$500 Question from H3

What two practices led to theBooming economic times inThe 1920’s?

$500 Answer from H3

Speculation and buying on the margin

$100 Question from H4

What led to U.S. farmers increasingProduction during the 20’s?

$100 Answer from H4

Demand from Europe followingWWI

$200 Question from H4

Overfarming and drought Combined to cause what?

$200 Answer from H4

The Dust Bowl

$300 Question from H4

What did many people do to escape The Dust Bowl?

$300 Answer from H4

Move west from the Great Plains,Often to California

$400 Question from H4

Farmers greatly benefitted fromSubsidies. What is a subsidy?

$400 Answer from H4

Grant given from the governmentTo farmers, often for growing Specific crops

$500 Question from H4

Explain what happened to U.S. Farmers when Europe recoverdFrom WWI.

$500 Answer from H4

As Europeans recovered demandFor U.S. farm goods was reduced.Farmers did not lessen the amountThey produced to meet the lower Demand, thus leading to overproduction

$100 Question from H5

What is considered to be theOfficial beginning date of The Great Depression?

$100 Answer from H5

October 29, 1929 (Black Tuesday)

$200 Question from H5

What finally ended the GreatDepression?

$200 Answer from H5

World War II

$300 Question from H5

How high did unemploymentRates climb during the Depression?

$300 Answer from H5

25% or greater in some areas

$400 Question from H5

In addition to the Smoot-HawleyTariff, what did the government increase during the Great DepressionThat hurt U.S. citizens?

$400 Answer from H5

Increased income taxes

$500 Question from H5

List three causes of the Great Depression

$500 Answer from H5

1. Overproduction2. Banking/Money Policies3. Stock Market Practices4. Political Decisions

Final Jeopardy

Final Jeopardy Answer