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Final...Causes of the Great Depression and New Deal Flashcards | StudBud
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Final...Causes of the Great Depression and New Deal
Final...Causes of the Great Depression and New Deal
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Great Depression Causes
Flashcards
37 cards
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Questions
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Answers
1
Which Act recognized the right of workers to join unions and engage in collective bargaining?
Wagner Act
Natrional Recovery Act
Hawley-Smoot Tariff Act
Sherman Anti-Trust Act
2
What is a "bull market"?
A market that you can't trust, very unstable.
A market where livestock is sold
A market that is shaky and unpredictable
A market that is going up, stable and strong.
3
Which of the following increased for workers during the Great Depression?
compensation.
number of factories
unemployment rate
employment rate
4
A ____________ is a person who sells stock.
stocker
marketer
teller
broker
5
Which group was the first to experience underconsumption and the impact of the Great Depression
brokers
women
farmers
stockers
6
____________ is the charge made by a bank for the use of money deposited in an account.
interest
fee
marketing
disinterest
7
How did the Agricultural Adjustment Administration try to help farmers?
by increasing production to boost crop surpluses.
by asking banks to lower interest rates for farmers.
By increasing competition among farmers
by reducing production to raise crop prices
8
October 29, 1929 is known as Black Tuesday. What notable event happened on this day?
The worst day of plunging stock market prices.
The best day of rising stock market prices.
Stock market prices drastically increased.
Stock market prices did not change.
9
A bull market is a period in which stock prices are steadily _________.
skewing
rising
plateauing
falling
10
Investor optimism was so high before the Great Depression, people ___ money to invest in stocks
stole
borrowed
inherited
created
11
The key cause of the Great Depression was the
end of World War I.
increase in job availability.
stock market crash.
decrease in depression among adults.
12
By 1933, _____ out of _______ banks that were in business in 1930, were out of business by 1933
1 out of 5
1 out of 2
1 out of 15
1 out of 10
13
When you have overproduction by the company, you also have _______ by the consumer.
overcompensation
underproduction
underconsumption
overconsumption
14
Why do businesses sell shares on the stock market?
Primarily to build capital ($) for growth or improvement
To protect the rights of workers
The law requires companies earning over $5 million to do so.
To gain popularity
15
The U.S. government’s attempts to help the economy through the Fed and Congress in 1930-31
improved the situation somewhat.
were not at all successful.
improved the situation significantly.
did not have an effect on it.
16
Why did Americans blame the Federal Reserve System (Fed) for weakening the economy in 1930/31.
The Fed raised interest rates.
The Fed caused the amount of money to dwindle.
The Fed deprived businesses of the capital.
The Fed actually saved the economy. False statement.
17
How did the New Deal change the role of the federal government?
It increased Congress' role in making government policy
It expanded the role of the federal government inthe economy
It reduced the government's power to protect the enviornment
It gave states more power to regulate the economy
18
The nation’s longest economic slump is called the
Grand Recession
Great Indentation
Great Impression.
Great Depression.
19
Which of the following was
NOT
an effect of the New Deal?
It drew people to Roosevelt's party, the Democratic party.
it expanded the power and role of the federal government
It ended the Great Depression
It laid the foundations of America's welfare state
20
What was the percentage of unemployed by 1933, once the depression had taken hold?
25% (1 in 4 out of work)
5% (1in 20 out of work)
16% (1 in 6 out of work)
12.5 (1 in 8 out of work)
21
Why did the losses of stockbrokers affect banks?
Banks were not affected by the crash, different business.
The banks are the stock market
Banks had invested and lost money in the crash
Brokers had borrowed from banks and couldn't pay their debts
22
What happens to the stock market when there is a lot of speculation?
The market declines rapidly.
the market remains static (does not change).
The market rises rapidly.
The market contracts
23
Which of the following describes a bank run?
The government sending money to prevent the bank’s closure.
A small amount of people petitioning for the bank’s closure.
Bank tellers withdrawing money until the bank’s closure.
Many customers withdrawing money until the bank’s closure.
24
Overproduction is a situation in which
more goods are being produced than people can afford to buy.
less children are allowed to participate in home-schoooing.
less women are seeking employment.
more people are interested in owning their own factories.
25
How did the Civilian Conservation Corps and Works Progress Administration help the needy?
by distributing food for the needy
by providing pensions to the needy
by giving loans to the needy
by creating jobs for the needy
26
The New Deal established Americans have basic economic security. Which is most important today?
Social Security
unemployment compensation
assistance to sutudents
Food Stamp program
27
Overall, the Great Depression caused a(n) ____________ in the world economy.
increase
plateau
improvement
slump
28
The Federal Reserve System supplies its banks with a discount rate, which refers to what?
he rate at which banks can lend money to its customers.
The rate at which banks can borrow money from the Fed.
The percentage of money an individual saves in the bank.
The percentage of savings one saves when you open an account
29
Roosevelt's "Fireside Chats" were his means of
communicating directly with members of Congress
gathering info about the impact of New Deal programs
Communicating the New Deal programs directly with the public
receiving input from his cabinet (advisors)
30
During the stock market crash,why did people lose confidence in the health of banks?
Banks told customers they would be closing their doors.
Banks limited the number of accounts each customer couldopen
Banks did not allow farmers to deposit money.
Banks lent businesses too much money.
31
Why do people invest in the stock market?
To make money
to be popular
To support America.
It is required by law to spend 2% of income on the market
32
What event finally ended the great Depression?
Hoover's "Trickle Down" theory finally worked.
America's entry into WWII (Japans attack at Pearl Harbor)
The Kellog-Brand treaty with Mexico
The New Deal
33
Match the term, "speculation"(with regards to the stock market) with the following terms
cautious
reserved
gambling
risky
34
Which law passed in 1930 to raise the tariffs to protect U.S. businesses and farmers?
The Law of 1930
Hawley-Boot Tariff Act
Espionage Act
The Depression Salvation Act
35
What is a period in which stock prices are steadily
decreasing
called?
A duck market
A bear market
a D O G market
a bull market
36
Roosevelt's first hundred days were called
The century plan
The centennial.
Roosevelt's New Days
The First Hundred Days
37
What effect did the Federal Reserve System have on money supply between 1929 and 1933?
Money supply was not effected at all.
Money supply dropped by a third.
Money supply dropped by eighty points.
Money supply dropped by one.
