Q.1
What name is given in stock exchange parlance to a period of sustained share price rises?
  • A bull market
  • A pork barrel market
  • A bear market
  • An ox market
Q.2
The New York Stock Exchange had seen prices rise tenfold over the past nine months. What is the New York share index called?
  • The FTSE
  • The Dow Jones
  • The Nikkei
  • The Han Seng
Q.3
President Herbert Hoover urged patience and foresaw the US economy returning to its recent prosperity. Above all he refused to let the state intervene in the crisis. His personal homespun recommendation consisted of two words: what were they?
  • Non-Intervention
  • Rugged Individualism
  • Free Markets
  • Robust Capitalism
Q.4
Hoover did, however, support a tariff measure introduced in 1930 to Congress by two Republicans who gave their names to the Act. What was it called?
  • The Stogumber-Wallace Tariff
  • The Smoot-Hawley Tariff
  • The Morse-Wainright Tariff
  • The Harding-Coolidge Tariff
Q.5
What were "Hoovervilles"?
  • Brand new federal housing for the unemployed, initiated by Hoover
  • Shacks erected by the homeless unemployed, to draw attention to their plight
  • A name conjured by Democrats to describe the leafy suburbs of US cities, largely inhabited by Republican voters
  • New housing provided by the governors of Democrat-controlled states
Q.6
On what forms of benefit could unemployed people depend?
  • Federal handouts
  • Handouts from the state where they lived
  • Handouts from charities like the Salvation Army
  • A scheme run by the US Army for Great War veterans
Q.7
In 1932 Hoover relented further by approving the Emergency Relief and Reconstruction Act, which provided $300 million to deal with distress. To which body were applicants told to apply?
  • The Federal Government in Washington
  • The state where they lived
  • The local Episcopalian Church authorities
  • The local police force
Q.8
How many unemployed were there in the US at the worst point in the Depression?
  • 13 million
  • 10 million
  • 6 million
  • 8 million
Q.9
In 1932 General MacArthur was ordered to disperse camps set up by Bonus Marchers in Washington. What bonus were the marchers seeking?
  • A payment to unemployed men over 50 authorised by the local state governor
  • A payment promised by Congress to army veterans from the Great War
  • A normal payment for which ex-bankers were eligible
  • A payment to which people who had been continuously unemployed for more than four years were entitled. Provided by the Federal Government
Q.10
Another of Hoover's eventual interventions to ease conditions in the Depression was the use of the Federal Farm Board. What did the Board attempt to do under his presidency?
  • Stabilise prices, promote the sale of agricultural products and provide storage space for any surplus
  • Repay existing farmers' loans
  • Offer interest free loans to enable farmers to expand their landholdings
  • Purchase farms at an agreed price, thus allowing farmers wanting to leave the land to do so
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