AP Success - AP US History: Banking Crisis in the Great Depression
Question 1
Banks requested government bailouts to cover the withdrawals.
Banks closed indefinitely to prevent further withdrawals.
Banks turned to their correspondent banks for reserves.
Banks immediately liquidated their assets to provide cash.
Question 2
The Federal Reserve increased the money supply.
Consumer confidence in the banking system improved.
The stock market experienced a rapid recovery.
The supply of money in circulation was reduced.
Question 3
An increase in the general price level of goods and services.
A decrease in the general price level of goods and services.
A decrease in the overall level of economic activity.
An increase in the value of the stock market.
Question 4
It led to a rapid expansion of credit and lending.
It caused a significant increase in international trade.
It led to increased bankruptcy and unemployment.
It resulted in a surplus of goods and services.
Question 5
Consumers engaged in speculative investments to take advantage of low prices.
Economic actors were more likely to delay purchases and investments.
Banks expanded their lending to stimulate economic growth.
Businesses increased their production to meet rising demand.
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