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Great Depression and New Deal Flashcards | StudBud
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Great Depression and New Deal
Great Depression and New Deal
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Great Depression and New Deal Review
Flashcards
29 cards
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Questions
29
Answers
1
What did the Federal Deposit Insurance Corporation do?
allowed businesses to provide insurance for employees
insure banks deposits up to a certain amount
allowed European countries to pay off their war debt
created a federal health insurance program
2
Photographer who showed the realities of the Great Depression to the nation
Huey Long
Dorothea Lange
Franklin D. Roosevelt
Hillary Clinton
3
President who believed that the Great Depression was a normal dip in the business cycle
Franklin D. Roosevelt
Theodore Roosevelt
Calvin Coolidge
Herbert Hoover
4
Which agency gave unions the right to negotiate a contract?
Agricultural Adjustment Act
Social Security Act
Works Progress Administration
National Labor Relations Act
5
Why did FDR declare a bank holiday early in his administration?
to cut off the use of cash
to give people in the banking industry a vacation
to inspect the health of banks
to weaken the banking industry
6
President who promised the nation a "New Deal" during the Great Depression
Theodore Roosevelt
Franklin D. Roosevelt
Calvin Coolidge
Herbert Hoover
7
FDR's attempt to replace every justice over 70 with a new justice so he could get his way
court packing
lobbying
vetoing
shantytowns
8
What New Deal agency gave job opportunities to American youth?
Federal Emergency Relief Act
Civilian Conservation Corps
Tennessee Valley Act
Federal Writers' Project
9
During the 1920s, most Americans believed this about the economy
they were worried the stock market would crash
that businesses would bring continued prosperity
concerned with economic danger signs
happy that wealth was evenly distributed
10
What did the Emergency Banking Act do?
allowed people to borrow more money to pay off bills
allowed the government to inspect the health of banks
gave all bankers a two-week vacation
permanently closed all the nation's banks
11
What did President Hoover believe was the best strategy for ending the Depression?
encouraging voluntary control of businesses
lowering import taxes
creating federal relief programs
encouraging government spending
12
One sign the economy was weakening during the 1920s was
underproduction of consumer goods
uneven distribution of wealth
increasing personal savings
the collapse of large businesses
13
What happens to prices when there is inflation?
prices decrease
prices stay the same
prices increase
taxes go up
14
Why did farmers struggle so much in the 1920s?
many farmers lost their land in the stock market
overproduction drove prices down
farmers spent too much time partying in the 1920s
increased rain ruined several harvests
15
What was the major environmental crisis during the 1930s?
The Dust Bowl
Black Tuesday
The Great Crash
The Grapes of Wrath
16
What effect did the stock market crash have on the economy?
national debt rose
businesses grew
unemployment increased
farmers suffered
17
How did the Agricultural Adjustment Act help farmers?
created jobs for over 2 million citizens
it ended overproduction and raised crop prices
attracted more industry with cheap power sources
regulated the stock market and made investments safer
18
Putting money in consumer's hands so they can buy goods and stimulate the economy
court packing
deficit spending
pump priming
Trickle Down Economics
19
Why did thousands of American banks close immediately after the stock market crash?
they couldn't return depositors money
they charged high investment rates
they had invested in European banks
they had to print new money
20
If there is deflation, what happens to unemployment?
unemployment decreases
unemployment increases
businesses grow
unemployment stays the same
21
Shanty towns built by the homeless during the Great Depression
Tenant farm
work camp
slum
Hooverville
22
FDR created the Securities and Exchange Commission to
pay farmer to destroy livestock
regulate the stock market
give banks a chance to organize
insure bank deposits
23
What group faced hard times during much of the depression?
business owners
bankers
small investors
farmers
24
Why did FDR try to "pack the court" in the1930s?
He wanted older justices to retire early
he needed help in creating agencies for the New Deal
he wanted to renominate justices to the court
he was angry the court delcared some agencies illegal
25
What is a tariff?
tax on exported goods
tax on tea products
tax on alcohol
tax on imported goods
26
What is a legacy of the New Deal?
a restored sense of hope
an end to the recession
an end to discrimination
health insurance for all
27
When the stock prices began to drop in October 1929,
people raced to get their money out of the stock market
bankers forgave personal loans
Hoover warned Americans to stop spending
people bought huge numbers of stock
28
Movies in the 1930s
focused on the harshness of the Depression
became less important
provided a temporary escape
were difficult for most people to see
29
What is a depression?
a sad time in someone's life
a period of booming economic activity
a period of severely declining economic activity
an decrease in technological improvements
