What was the purpose of the Tennessee Valley Authority?

to build dams & power plants and sold electricity at low cost

What is the Dust Bowl?

A long-lasting drought and dust storms

A government organization that gave young men jobs building public projects.

C.C.C. or Civilian Conservation Corp

Why did F.D.R. (President) create the Federal Deposit Insurance Corporation

To ensure money deposited in banks, so that people would trust banks again

People in the 1920’s:

We're becoming comfortable with buying products on credit

What is “Buying on Margin?

Paying for a small part of a stock upfront and the rest later on credit

Why did the “Bonus Army” of almost 20,000 WWI veterans march on Washington, D.C?

They wanted to receive promised WWI bonus now when they really need it

What is a “Shantytown”?

Areas with people living in shacks, emptied old cards, boxes

Why did congress in the 1920’s pass the Hawley-Smoot Tariff?

To protect American Businesses by taxing imports

What is the Social Security Act

A Government-run retirement program

What is Deficit Spending?

Spending more than you make (using credit)

What is FDR’s “New Deal?”

FDR’s response to the problems of the Great Depression

What was NOT a characteristic of the 1929 Stock Market Crash?

Stockholders were eager to buy as much new stock as they could afford

Why did Franklin D. Roosevelt want to “Pack the Supreme Court?

He needed more justices who could vote for his programs

“Black Tuesday” is the name used to describe:

Investors panic and sell all stocks creating a crash of the market

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Ch.14 Great Depression Test

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Questions 16

Answers

1
What was the purpose of the Tennessee Valley Authority?
To subsidize Blues and Jazz music for the benefit of the whole country.
to subsidize country music for the benefit of the whole country.
to build dams & power plants and sold electricity at low cost
to give young men jobs building public projects.
2
What is the Dust Bowl?
A football tournament on New Year’s Day, held in Kansas
A fishbowl that contains “Dustfish”
A long-lasting drought and dust storms
A household container to keep swept up dust
3
A government organization that gave young men jobs building public projects.
C.C.C. or Civilian Conservation Corp
Tennessee Valley Authority
Great Depression
Social Security Act
4
Why did F.D.R. (President) create the Federal Deposit Insurance Corporation
To ensure money deposited in banks, so that people would trust banks again
To score points with banks so they would support his re-election
To give a reason to print more money
To get all the lost money back for depositors from the banks
5
People in the 1920’s:
mostly rejected the idea of credit
had not experienced buying things on credit yet
only bought large expensive items on credit
We're becoming comfortable with buying products on credit
6
What is “Buying on Margin?
Paying the full cash price for a stock
Paying small part of the stock cost and defaulting on the rest of the cost
Avoiding stock when it seems too risky
Paying for a small part of a stock upfront and the rest later on credit
7
Why did the “Bonus Army” of almost 20,000 WWI veterans march on Washington, D.C?
They were trying to get Herbert Hoover to increase the bonus
They wanted to receive promised WWI bonus now when they really need it
They were all angry and came together to protest the Great Depression
They wanted to be allowed to rejoin the U.S. army to have a job
8
The following are all reasons for causing the Great Depression, except:
Tariffs and war debt hurt the foreign market for U.S. goods
World War II
Low farm profits and left-over crops
Buying on credit
9
What is a “Shantytown”?
Areas with people living in shacks, emptied old cards, boxes
Another name for Wall Street
An Irish Ghetto
New York City
10
Why did congress in the 1920’s pass the Hawley-Smoot Tariff?
To get along better with other countries
To get other countries to increase their purchases of U.S. products
To protect American Businesses by taxing imports
To encourage other countries to rely on their own products.
11
What is the Social Security Act
A Government-run retirement program
A government-run food stamp program
A government-run health care program for the poor.
A government-run job-creating program.
12
What is Deficit Spending?
Spending money that others owe you.
Paying people, countries, or businesses that you owe money to.
Spending money that is leftover (surplus)
Spending more than you make (using credit)
13
What is FDR’s “New Deal?”
FDR’s response to the problems of the Great Depression
The next deal that followed the “Old Deal”
a 1930’s version of health care plan
a set of plans by FDR to prevent the depression from happening
14
What was NOT a characteristic of the 1929 Stock Market Crash?
Prices rise to a peak and then drop suddenly
People who bought stock “On Margin”, lost all the value of the stock
Stockholders all tried to sell their stock at one time
Stockholders were eager to buy as much new stock as they could afford
15
Why did Franklin D. Roosevelt want to “Pack the Supreme Court?
He wanted to show that the executive branch was stronger
He did it to impress voters
He didn’t have anything better to do
He needed more justices who could vote for his programs
16
“Black Tuesday” is the name used to describe:
Investors panic and sell all stocks creating a crash of the market
The 1st known time that two tacos were sold for the price of 1
The day that all the stocks were bought and none were left.
The day the Dust Bowl Started.

Ch.14 Great Depression Test Flashcards | StudBud