Explain the causes of the stock market crash. What role did the crash play in causing the Great Depression? What other factors were at play?
What will be an ideal response?
Answer: The ideal answer should include:
The October 29, 1929, stock market crash marked the symbolic end of the 1920s.
The causes of the stock market crash and the decade-long depression that followed were complex and varied.
Margin buying exposed investors to enormous risks.
When the price of stocks spiraled out of control, far beyond their actual value, creditors demanded repayment of their loans, and investors were unable to pay their debts.
The collapse of the stock market alone would not necessarily have caused such a severe and prolonged depression.
Poor decision making by financial and political leaders exacerbated underlying weaknesses in the economy.
Within the United States, the unequal distribution of wealth exacerbated the effects of the economic downturn.
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Why did thousands of Americans and Europeans become involved in the Spanish Civil War?
a. They recognized the dangerous possibility that communism would succeed in Spain. b. They fought as mercenaries. c. They were fighting for a victorious democratic Spain. d. Many joined with the Italian fighting to uphold the Spanish Republic. e. Franco was seen as the embodiment of the Enlightenment.
The most significant progressive accomplishments during the Taft years were
A. achieved through Taft's ability to unite the Republican Party and increase its majority in Congress. B. achieved by constitutional amendments rather than legislation proposed by the president. C. the overturning of legislation that limited the number of hours women could work and that prohibited child labor. D. achieved by the success of new third parties that gained influence in Congress.
President Andrew Jackson did not favor the annexation of Texas.
Answer the following statement true (T) or false (F)
The Truman Doctrine was put forward in the context of a crisis in __________
A) eastern Europe B) Guam C) the Philippines D) Greece and Turkey