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14/15 Review Flashcards | StudBud
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14/15 Review
14/15 Review
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1
The National Recovery Administration...
provided jobs for millions
provisions for retirement
was declared unconstitutional
provided jobs for young adults
2
Who were hoboes?
Farmers who lost their land
The name given to people who lost their homes
People who rode the rails in search of a better life.
The name for people who lost their money in the stock market
3
What does buying a stock on margin mean?
paying less than the market price of the stock
purchasing the stock outside the regular stock exchange
buying the stock for someone else
borrowing money to help pay for the stock
4
During the Great Depression unemployment
was almost 40%
was between 10-15%
fell below 20%
was nearly 25%
5
What was the Hawley -Smoot Tariff Act intended to do?
make it easier to borrow money
increase the amount of money in circulation
protect American business by raising tariffs higher
for European countries to sell goods to America.
6
How does Installment Credit work?
Loan of a set dollar amount that is payed back with a one time payment.
A loan that installs good credit into your credit score.
A loan for an appliance installation such as a fridge or an oven.
A loan for a certain amount of money that has agreed upon monthly payments.
7
What was The Dow Jones Industrial Average?
Used to measure stock market's health
A fundamentalist newspaper
US President
A company
8
Definition of speculation?
A system for buying and selling stocks in corporations.
Persistent demands by a bank's depositors to withdraw money.
A specified amount of money.
Buying stocks at great risk anticipating prices will rise.
9
What was the intended purpose of the Hundred Days Congress in the 1930s?
Plan ahead for needed military adjustments and economy
Prevent other countries from gaining access to America.
Try to finance the pet banks but not the national ones
To enact laws meant to help the New Deal progress.
10
Why did FDR create the SEC and FDIC
to provide jobs for the unemployed
restore the public's faith in the financial institutions
increase the government's tax revenue
stimulate economic growth
11
The Civilian Conservation Corps ...
paid farmers to not farm
attempted to preserve Indian lands
gave young unmarried men a job improving the enviroment
gave work to artists photographing daily life
12
What is Black Tuesday?
When segregation got banned.
Prices on the New York stock echange completely crashed.
All of the above.
Its a big sale at supermarkets and stores!
13
What was the Bonus Army?
Group of black leaders who unofficially advised Pres. FDR
The purchasing stock with a little money down
Veterans who marched to Washington in 1932
The economic crisis and period of low business activity
14
Agricultural Adjustment Act
Paid farmers to destroy crops in order to raise prices
Caused farmers to move west to escape bad farming conditions
Provided incentives for farmers to rotate their crops
Required farmers to increase production
15
What does the Wagner Act do?
Guarantees basic rights to labor unions
Limits labor unions to protect companies
Limits what government can do towards economic sanctions
Adopts a more Laissez-faire economic position
16
Which was not one of the goals of the new deal?
Economic recovery
Financial reform
Relief for the needy
Military spending
17
Today banks are considered safe because of FDIC
True
False
18
What did the Social Security act do?
Provided a pension for retired workers
helps Native Americans
prevents world wars
helps your social security
19
What is the Works Progress Administration (WPA) responsible for?
Insures savings accounts in banks approved by the government
Regulates the stock market
Hires jobless people to build public buildings and parks
Develops rules for doing business
20
What was a Hooverville?
Shanty town built by homeless people
A hotel
A store for the homeless
A rich neighborhood
21
Came up with Share Our Wealth program.
Mr. Cler
FDR
Herbert Hoover
Huey Long
22
Who where the candidates in the 1928 Election?
Wilson and Harding
Washington and Hoover
Smith and Hoover
Coolidge and Harding
23
The Hawley-Smoot Tariff
strengthened US relationships overseas
helped stabilize the US economy
led to a decrease in international trade
led to a decline in US employment
24
The Federal Securities Act and the Securities Exchange Commission aimed to
force stockbrokers to register with the federal gov't
provide full disclosure of information, preventing insider trading & fraud
prevent interlocking directories and pyramid schemes
Prohibit completely the sale of stocks on the margin
25
What were the causes of Great Depression
Buying on credit
Farm sector crisis
All of these
Banking panics
26
What were the causes of the dust bowl?
A plague of grasshoppers that ate up all the crops
Drought, poor farming practices, and wind
Layers of prairie grass
A record-breaking tornado season
27
What Democrat won the 1932 election by defeating Republican Herbert Hoover?
John F. Kennedy
Franklin D. Roosevelt
Calvin Coolidge
Theodore Roosevelt
