Fiscal policy is when

the gov't influences the economy through taxes & spending

when the Fed controls the money supply to curb inflation

Gov. agency insures the money people deposit in banks

What was the Agriculture Adjustment Act (AAA)?

Paid farmers not raise certain crops or animals.

What was the Hawley-Smoot tariff?

Tariff imposed by U.S. on foreign imports, goal was to protect US industry

The National Recovery Administration...

ended wage & price deflation & restored competition

1st female Cabinet Member, Tiny yet powerful

Make shift towns built and occupied by homeless people.

What is the Gross Domestic Product?

The value of the goods and services produced by a country

WW1 veterans who marched on Washington D.C. for their money.

What does buying a stock on margin mean?

borrowing money to help pay for the stock

TVA Tennessee Valley Authority

Built dams along rivers to prevent flooding & Built power lines

The Glass-Steagall Banking Reform Act

separated commercial banks and investment banks.

The Civilian Conservation Corps

gave jobs to young adults as unskilled workers

What is a sit-down strike?

Workers that stay in the factory but don't do the work

Mary McLeod Bethune will be best remembered as

The first female African American cabinet member

What was the purpose of the Securities and Exchange Commission in 1934?

Government watchdog over stock market

What is the bull market?

The economy is great and stock prices are rising

The purpose of the Reconstruction Finance Corporation was to

make loans to banks, railroads, and agricultural institutions

The National Labor Relations Act affected workers by

protects rights of labor to organize and collectively bargain

What is a bear market?

a market in which prices are falling, encouraging selling

What did FDR do when he declared a bank holiday

closed the nation's bank for inspection

Deficit spending happens when...

the government spends more than it takes in through revenue.

The New Deal sought to do what

Provide reform for the economy & social programs for the poor

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great Depression & the New Deal

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Questions 30

Answers

1
Fiscal policy is when
the gov't issues a stop to spending
the gov't borrows large sums of money to aid the economy
the gov't influences the economy through taxes & spending
the Fed regulates the money supply to stabilize the economy
2
Monetary policy is
when the Fed controls the money supply to curb inflation
when gov't uses taxes & spending to influence the economy
when the gov't increases interest rates
when the gov't uses deficit spending
3
What is the FDIC?
A government agency created to build public works
Gov. agency insures the money people deposit in banks
A gov. agency created to provide jobs
A government agency created to regulate trade
4
What was the Agriculture Adjustment Act (AAA)?
Paid farmers not raise certain crops or animals.
Program that took money from farmers and gave it to cities.
Gave farmers the right to grow whatever they wanted.
A program that put farmers out of business.
5
What was the Hawley-Smoot tariff?
Tariff imposed by U.S. on foreign imports, goal was to protect US industry
Tariffs on Russia, punishment for not importing enough oil
Tariff on banks, punishment for closing millions of bank accounts
Tariff imposed on farmers by U.S., goal was to increase food production
6
The Social Security Administration (SSA) is a program that
All of these
provides disability benefits
provides retirement benefits to workers and their survivors
require most recipients to contribute while they are working
7
The National Recovery Administration...
built infrastructure (roads, bridges)
provided jobs for young adults
subsidized farmers
ended wage & price deflation & restored competition
8
Francis Perkins
Author of the Dawes Act
1st woman to eat lunch in the white house
1st female Cabinet Member
Tiny yet powerful
9
Hoovervilles were?
Government housing during the depression.
Make shift towns built and occupied by homeless people.
A house that president Hoover built.
President Hoover lived there and not the White House
10
What is the Gross Domestic Product?
The amount of exports in a country
The amount of money that a country has
The value of the goods and services produced by a country
Total goods and services divided by population
11
Bonus Army?
The women who wernt in war.
People who payed to get into the army
Children of army members.
WW1 veterans who marched on Washington D.C. for their money.
12
What does buying a stock on margin mean?
paying less than the market price of the stock
borrowing money to help pay for the stock
buying the stock for someone else
purchasing the stock outside the regular stock exchange
13
TVA Tennessee Valley Authority
Built dams along rivers to prevent flooding & Built power lines
Caused many people to vacate Tennessee and move out west.
Was the cause of a major drought in the United States.
offered jobs to young people
14
The Glass-Steagall Banking Reform Act
shut down all banks in the country
took the US off the Gold Standard
empowered FDR to close all banks temporarily
separated commercial banks and investment banks.
15
What were the "3 Rs" of the New Deal?
Reckless, Reduction, Remediation
Relief, Recovery, Reform
Right, Real, Rigor
Really, Really, Riled
16
The Civilian Conservation Corps
gave jobs to unemployed writers
gave jobs to young adults as unskilled workers
provided aid to the poor
provided aid to farmers suffering from the dust bowl
17
The National Labor Relations Act is better known as what?
Dawes Act
Wagner Act
Pendleton Act
Obamacare
18
What is a sit-down strike?
a hunger strike
people who sit down
Workers that stay in the factory but don't do the work
people that sit and read newspaper
19
Mary McLeod Bethune will be best remembered as
The first female African American cabinet member
The first female cabinet member
The first woman appointed to the Supreme Court
A famous film star of the 1930's
20
What was the purpose of the Securities and Exchange Commission in 1934?
Allow trades between Russia and the US
Control the actions of the stock market
Government watchdog over stock market
Protect old trade and exchange laws
21
FDR's "fireside chats" were
radio broadcasts
private meetings with his cabinet
public rallies
television broadcasts
22
What is the bull market?
The economy is bad and stock prices are decreasing
The economy is great and stock prices are decreasing
The economy is great and sTock prices are rising
The economy is great and stock prices are rising
23
The purpose of the Reconstruction Finance Corporation was to
manage public works projects
make loans to banks, railroads, and agricultural institutions
regulate the stock market
administer public assistance programs for the unemployed and the homless
24
The National Labor Relations Act affected workers by
protects rights of labor to organize and collectively bargain
providing federal pensions for retired workers
forbidding racial discrimination in employment
preventing public employee unions from striking
25
What is a bear market?
market in which share prices are rising, encouraging buying
another term for inflation
when stock prices are neither increasing nor decreasing
a market in which prices are falling, encouraging selling
26
What did FDR do when he declared a bank holiday
closed the stock market
closed the nation's bank for inspection
gave the nation a day off
took a vacation
27
Deficit spending happens when...
the government spends more than it takes in through revenue.
people owe money to the bank.
the government spends less money than the year before.
the government is paying back former debts.
28
October 29, 1929 is known as
Black Tuesday
Black Friday
Doomsday
Columbus Day
29
The New Deal sought to do what
Provide reform for the economy & social programs for the poor
Allow the spoils system to continue
some communism
Help the rich keep their wealth
30
The Dust Bowl occurred in which region?
Great Plains
East Coast
West Coast
Rocky Mountains

great Depression & the New Deal Flashcards | StudBud