Why did so many banks collapse at the beginning of the depression?

Too many people withdrew their money at the same time

Hoover believed the economy suffered from lack of credit, so he instituted...

Reconstruction Finance Corporation

What hid the economic problems in the 1920s?

Americans purchased goods on credit

Why were banks the first to feel the stock market crash?

Confidence in economy was lost, and money was withdrawn

What was a major flaw of the Social Security System?

did not apply to domestics or farm workers

studbud

Final Review-US History II- Part 4 (Unit 6)

18 termsStudBud Administration73 plays

Depression and New Deal

Flashcards18 cardsFPractice quizPHost liveL

Questions 18

Answers

1
This program helped retirees
Civilian Conservation Corps
Fair Labor Standards Act
Works Progress Administration
Social Security Act
2
This was created to regulate the stock market.
Emergency Banking Bill
Tennessee Valley Authority
Securities Exchange Commission
Works Progress Administration
3
Why did so many banks collapse at the beginning of the depression?
Stock market couldn't collect on debts
Federal Reserve put too much money in circulation
Too many people withdrew their money at the same time
Too many people tried to open new accounts
4
What was the effect of the New Deal?
Federal government became less involved in people's lives
Government gained more power
Federal government became less involved in revenue
Tighter restrictions of state governments
5
How did Americans escape the Great Depression?
live in rural areas
follow the stock market
go to the movies
did not watch the news on TV
6
When customers all withdrew their money, the result was
Federal Reserve limited money supply
stock market crashed
properties were foreclosed
bank failures
7
Relief, Recovery and Reform were
focus of FDR in 1940s
goals of the Great Society
focus of Reorganization Act
goals of the New Deal
8
Hoover believed the economy suffered from lack of credit, so he instituted...
Federal Reserve
Reconstruction Finance Corporation
National Recovery Administration
Emergency Banking Bill
9
What hid the economic problems in the 1920s?
Wages increased with worker productivity
Americans purchased goods on credit
Investors lost confidence
Farmers sold crop surpluses
10
What hid the economic problems in the 1920s?
wages increased with productivity
confidence in the market
credit to purchase goods
crop surpluses
11
Who thought the business cycle would correct itself?
Hoover
Huey Long
Coolidge
FDR
12
Investors lost confidence in the market and rushed to sell shares in this event.
business cycle
Hawley-Smoot Tariff
Dust Bowl
Stock Market Crashed
13
This program sought to end over production and raise crop prices.
Works Progress Administration
Civilian Conservation Corp
Securities Exchange Commission
Agricultural Adjustment Act
14
Why were banks the first to feel the stock market crash?
Banks gave out too many loans
Confidence in economy was lost, and money was withdrawn
Federal Reserve increased interest rates
People wanted to circulate their money bank to economy
15
What was a major flaw of the Social Security System?
paid men differently than women
did not offer unemployment
did not offer pension system for elderly
did not apply to domestics or farm workers
16
What caused the Dust Bowl?
too many layers of topsoil
damming rivers too much
people moved away
intensive farming practices
17
What were fireside chats?
series of tariff negotiations
radio speeches
town hall meetings about the depression
informal White House meetings
18
Conservative argued this made the government too powerful...
Volunteerism
Tennessee Valley Authority
Social Security Act
New Deal

Final Review-US History II- Part 4 (Unit 6) Flashcards | StudBud