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Causes of the Depression/New Deal Flashcards | StudBud
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Causes of the Depression/New Deal
Installment Buying
When did the Stock Market Crash?
Causes of the Depression/New Deal
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1
When did the Stock Market Crash?
1928
1939
1932
1929
2
Installment Buying
method of paying for items in cash all at once
people could make a monthly, weekly, or yearly payment on an item
first form of mass media
borrowing money from banks to purchase items
3
How did the Great Depression affect other countries?
The US stopped loaning money to its World War 1 allies.
Many people immigrated to the US looking for jobs.
Americans bought fewer imports, so foreign businesses made less profits.
Other countries imported American goods so foreign markets made less profit
4
Foreclosure is...
closing a store early
interest payment
borrowing more money because you have none
bank takes the house back due to nonpayment
5
Huey Long, Charles Coughlin, & Dr. Francis Townshend all had what in common?
Labor Leaders
Catholic
Critics of New Deal
Civil Rights Leaders
6
Why did some people not want married women to work outside the home?
needed at home with kids
took jobs from unemployed men
made higher wages than men
too dangerous
7
The dustbowl was:
A period when there were few jobs
A movement to change the government during the Hoover administration
A period of severe dust storms that greatly damaged American farms
People who migrated to the city
8
What was Black Tuesday?
The last day of the stock market crash
A gloomy day
The first day of the stock market crash
The day the New Deal was enacted
9
The TVA built
hydroelectric dams.
public parks
bridges.
public buildings
10
What did the Soil Conservation and Domestic Allotment Act do?
Get Southern white votes
paid farmers to move to Oklahoma
pay farmers not to farm
pay farmers for soil management and conservation
11
Gross Domestic Product (GDP):
Decreasing of prices throughout the economy
Tool which the government uses to balance the budget
Amount of currency available in the economy
Total value of all final goods and services
12
Eleanor Roosevelt changed the role of the First Lady because she was a _________
GOAT
Humanitarian
Liberal
Socialist
13
The Fair Labor Standards Act....
Required unions to be established
Covered farm workers
Discriminated against Republicans
Established a minimum wage
14
What was the Agriculture Adjustment Act (AAA)?
Program that took money from farmers and gave it to cities.
A program that put farmers out of business.
Paid farmers not raise certain crops or animals.
Gave farmers the right to grow whatever they wanted.
15
FDR's fireside chats were his means of
receiving input from his advisers
proposing reform to Congress
communicating directly with the American people
determining the impact of his policies
16
What was the Wagner Act?
Created more jobs for women and disabled
Reestablished NIRA; rights of workers to join unions
Gave the rights to children to work at the age of 10
Helped protect farmers by providing free insurance
17
What is one way children suffered during the Great Depression?
They were adopted at higher rates
Children attended school
Children often suffered from malnutrition and diet-related diseases
Children were not always able to play games and have fun
18
What did the 1933 Beer and Wine Revenue Act do ?
Allowed children to drink alcohol
Ended Prohibition
Reduced taxes on beer and wine
Introduced Prohibition
19
Dr. Francis Townshend proposed a monthly government ________ for citizens over 60 years of age.
Lompoc
Pizza
Pensions
IDK
20
What happened during the first 100 Days of FDR's Presidency?
All of these
Hitler invaded Poland
The Great Depression began to slow down and come to an end
Many important laws were passed to help solve the Depression
21
Why was there a Second New Deal?
the First New Deal was a horrible failure that people hated
the Second New Deal was required by the United Nations
FDR's original plan was unaffordable and ran out of money
some early New Deal programs were ruled unconstitutional
22
Why did so many banks fail at the onset of the Great Depression?
Too many depositors tried to withdraw money all at once
One headline, why believe it?
Too many investors tried to open new accounts
The Federal Reserve put too much money into circulation
23
Welfare is
a faith-based initiative.
goods and services provided to people over the age of 65
the process sued to produce a good or service.
government aid to the poor
24
What is a Consumer?
A person who sells
Market economy
A person who buys
An animal
25
The New Deal
Made a financial plan with banks to support the U.S. economy
Act to increase unemployment and force people to get jobs
The start of social revolution in the U.S.
Increased public works programs, welfare, Social Security
26
Even though the Social Security Act was not a complete _______ system, it did provide income to retirees, unemployed etc
welfare
retirement
financial
pension
27
Social Security Act
A program to build cheap housing for homeless Americans
A program to give retirement pensions and aid to blind and disabled people
A job program to pout Americans back to work
a program to feed unemployed Americans
28
What is Standard of Living?
All of the Above
How much money you make and how well you live
If you use things that are good for the earth or not
How healthy you are
29
During the Great Depression, many people migrated west in search of:
Political asylum
Access to healthcare
Affordable housing
New job opportunities
30
The Great Depression left many people ___ and ___.
unemployed; homeless
hungry; no land
sick; hungry
sick; homeless
31
As businesses made less profits workers wages did what?
decrease
doubled
stayed the same
increase
32
Prices of a companies stock rose in the 20's but the "worth" of those companies
increased
decreased
flatlined
doubled
33
What was the standard of living for Americans in the 1920's
$1800
$2500
$2000
$1500
34
Why did President Hoover believe the federal government should not offer relief?
Hoover believed people would expect and rely too heavily on the relief
The federal government did not have the funds to provide relief
Hoover believed it would weaken people’s self-respect.
Believed the Depression was Americans’ fault, and they should suffer for it
35
Who was Huey Long?
A famous author who wrote about the Depression
Famous movie star at the time who donated money to the poor
He was the senator of Louisiana who ruled like a dictator
A farmer who raised crops to eat during the Depression
36
Which of the following was not one of the causes of the Great Depression?
increased consumer debt
government regulation of the stock market
overproduction of goods
uneven distribution of income
37
Who was Charles Coughlin
Roman Catholic Priest
A Saint
A wizard 🧙♂️
A witch 🔥
38
What was the purpose of the Reconstruction Finance Corporation?
To assist farmers affected by the Dust Bowl
To regulate the stock market
To provide direct relief to individuals
To provide financial aid to banks, railroads, and other large businesses
39
What was one effect of the “run on the banks” in the early 1930s?
Many lost life savings because banks lost their money on the stock market
Banks had to promise to repay people the money they had in their savings
People withdrew their money from the banks to invest in the stock market.
New banks opened because many people wanted to keep their money in a bank.
40
The Rural Electrification Administration provided electricity for ....
farmers
minorities
the elderly
the unemployed
41
The Civilian Conservation Corps created
This act tried to stop the loss of Indian lands
Gave young unmarried men a job emproving the enviroment
artists were given jobs photographing daily life
This organization payed farmers to not farm
42
What is surplus?
When supply exceeds demand
demand
money
exceeded amount
43
What is one reason farmers struggled during the 1920s?
The price of crops increased & most Americans could not afford them
The demand for crops increased
Congress passed the McNary-Haugen Bill which favored other industries
The demand for crops decreased, Farmers increased production = surplus
44
Sharecroppers were
farmers who used most of their harvest to pay to rent land
the wealthy white plantation owners after the war
white plantation owners who voted for republican candidates
northern farmers who sent food to needy Blacks
45
the New Deal gave Native Americans
Full Citizenship
All the above
Reservation lands
Tribal Council
46
The 1920's method of buying on credit.
Installment Buying
Bear Marketing
Financing
Stock Brokering
47
What did the Public Works Administration (PWA) do?
Hired single men to build bridges and plant trees/forests.
Hired thousands of people to work on public projects.
Gave aid to state and local governments to hire workers.
Remade the Tennessee River Valley, built dams.
48
What were shantytowns?
communities of homeless people who lived on public land
areas in the cities where the unemployed sought work
collections of migrant workers on failing farms
deserted homes where the tenants had been evicted
49
The Bonus Army was
Business looking for their bonus for staying open
WWI veterns looking for their bonus for being a solider
The extra army created after WWI
African Americans who fought in the war
50
The Federal Securities Act and the Securities Exchange Commission aimed to
force stockbrokers to register with the federal gov't
prevent interlocking directories and pyramid schemes
provide full disclosure of information, preventing insider trading & fraud
Prohibit completely the sale of stocks on the margin
