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