Question
3. On October 29, 1929, The U.S. stock market lost more than $14 billion in one day. This caused:
A. Banks closed, all loans were paid off, shops and factories closed.
B. Banks remained open, loans were called in, customers' life savings were preserved.
C. Banks demanded repayment of the loans they'd given, and many investors lost their life savings.
D. Banks prospered, and all investors retained their money and earnings.
4. Read these choices and pick out TWO of the changes that occurred in American society in the 1930s:
A. The demand for luxury goods increased, causing overproduction in manufacturing.
B. Banks failed, causing many citizens to lose their life savings, even if they'd never invested in the stock market.
C. Wages increased, causing businesses to give in to labor demands.
D. Businesses were forced to close, causing widespread unemployment.
5. These events in the United States in the Late 1920s are listed in order from 1-3. What comes next in history? Choose A, B, C or D.
1. Consumers are unable to continue making payments on Installment plans
2. Demand for consumer goods dedines
3. Manufacturers reduce production
4. ?
Which action listed below completes this cause-and-effect diagram?
A. Labor unions demand higher wages
B.Elected leaders lower tariff rates
C. Banks lower interest rates
D. Companies lay off employees
A. Banks closed, all loans were paid off, shops and factories closed.
B. Banks remained open, loans were called in, customers' life savings were preserved.
C. Banks demanded repayment of the loans they'd given, and many investors lost their life savings.
D. Banks prospered, and all investors retained their money and earnings.
4. Read these choices and pick out TWO of the changes that occurred in American society in the 1930s:
A. The demand for luxury goods increased, causing overproduction in manufacturing.
B. Banks failed, causing many citizens to lose their life savings, even if they'd never invested in the stock market.
C. Wages increased, causing businesses to give in to labor demands.
D. Businesses were forced to close, causing widespread unemployment.
5. These events in the United States in the Late 1920s are listed in order from 1-3. What comes next in history? Choose A, B, C or D.
1. Consumers are unable to continue making payments on Installment plans
2. Demand for consumer goods dedines
3. Manufacturers reduce production
4. ?
Which action listed below completes this cause-and-effect diagram?
A. Labor unions demand higher wages
B.Elected leaders lower tariff rates
C. Banks lower interest rates
D. Companies lay off employees
Answers
GPT-4o mini
3. The correct answer is:
**C. Banks demanded repayment of the loans they'd given, and many investors lost their life savings.**
This reflects the reality of the market crash and its effects on investors and the banking system.
4. The two changes that occurred in American society in the 1930s are:
**B. Banks failed, causing many citizens to lose their life savings, even if they'd never invested in the stock market.**
**D. Businesses were forced to close, causing widespread unemployment.**
Both of these statements accurately describe significant changes in American society during the Great Depression.
5. The action that completes this cause-and-effect diagram is:
**D. Companies lay off employees.**
This follows logically as a result of manufacturers reducing production due to declining demand, which would lead to layoffs in order to cut costs.
**C. Banks demanded repayment of the loans they'd given, and many investors lost their life savings.**
This reflects the reality of the market crash and its effects on investors and the banking system.
4. The two changes that occurred in American society in the 1930s are:
**B. Banks failed, causing many citizens to lose their life savings, even if they'd never invested in the stock market.**
**D. Businesses were forced to close, causing widespread unemployment.**
Both of these statements accurately describe significant changes in American society during the Great Depression.
5. The action that completes this cause-and-effect diagram is:
**D. Companies lay off employees.**
This follows logically as a result of manufacturers reducing production due to declining demand, which would lead to layoffs in order to cut costs.