Capitalism in the USA: The Great Depression and the New Deal
Capitalism in the USA: The Great Depression and the New Deal is one of 8 topics in the Grade 11 History CAPS syllabus, covered across 3 lessons on Study Vault. Below are real practice questions from this topic with full worked answers.
Sample practice questions
Easy
1. What term describes the belief that individual hard work and free enterprise could allow any American to achieve prosperity in the 1920s?
The American Dream
The New Deal
Manifest Destiny
The Monroe Doctrine
Answer: The American Dream — The "American Dream" was the belief that individual hard work, ambition, and free enterprise could allow any American to achieve prosperity and upward mobility.
Easy
2. On which date in 1929 did the most catastrophic share price collapse of the Wall Street Crash occur, known as "Black Tuesday"?
29 October 1929
24 October 1929
4 March 1933
1 January 1930
Answer: 29 October 1929 — 29 October 1929, "Black Tuesday," saw the most catastrophic wave of panic selling on the New York Stock Exchange during the Wall Street Crash.
Medium
3. What term describes the practice of purchasing stocks with borrowed money, using the stocks themselves as collateral, common during the 1920s boom?
Answer: Buying on margin — "Buying on margin" was the practice of purchasing stocks with borrowed money, using the shares as collateral, which fuelled the speculative stock market boom of the 1920s.
