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6 - Great Depression/New Deal Flashcards | StudBud
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6 - Great Depression/New Deal
6 - Great Depression/New Deal
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American Studies
Flashcards
30 cards
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Questions
30
Answers
1
Which economic factor was a major cause of the Great Depression?
reduction of tariffs on imports
purchase of stocks on credit
failure to produce enough consumer goods
increases in taxes on business
2
Establishment of FDIC and SEC had a goal of
preventing the causes of the Great Depression
aiding business recovery with govt subsidies
helping low-income citizens by redistributing wealth
stimulating consumer demand by creating jobs
3
What groups did the Social Security Act help?
Disadvantaged people, farmers, immigrants
Elderly, unemployed and disadvantaged people
Old people, young people, immigrants
Farmers, homeless people, unemployed
4
What is the National Industrial Recovery Act?
Stimulating economic activity
Restricted immigration by foreign quotas
Authorized pres. to regulate industry for fair wages/prices
The title of an act in the crucible
5
What was the purpose of the Civilian Conservation Corp (CCC)?
Men were hired to clean office buildings
It gave jobs to people to help build railroads
It gave people money to go back to school
It gave outdoor work to unemployed men between 17 and 27
6
A significant cause of Great Depression was that...
decrease in tariffs had opened business to competition
some banking policies were unsound and the abuse of credit
a wave of violent strikes had paralyzed the major industries
consumer goods were relatively expensive
7
Main purpose of the Agricultural Adjustment Act was to
increase farm income by controlling production
produce a farm surplus for export to foreign countries
stimulate farm production to provide for unemployed workers
assist farmers in relocating to towns and cities
8
These speakers are commenting on conditions most directly related to
preparations for entering WW2
the uncertainties of the Great Depression
the prosperity of the 1920s
domestic life during WW1
9
The farm policy of the New Deal was designed to
enlarge farms by approved corporate mergers
increase prices of farm products by reducing farm output
reduce prices of farm products to aid factory workers
decrease Federal involvement in agriculture
10
The National Industrial Recovery Act & the National Labor Relations Act were cited as evidence
blamed unions for slowing economic recovery
favored management over unions
tried to keep the costs of labor down
sympathized with the interests of workers
11
A major difference between the New Deal and the policies followed by earlier presidents was
emphasized and encouraged rugged individualism
was able to eliminate discrimination in employment
advocated socialism as solution to the problems of the times
provided government with a more active role in the economy
12
Which New Deal program was chiefly designed to correct abuses in the stock market?
Federal Emergency Relief Act
Civilian Conservation Corp
Works Progress Administration
Securities and Exchange Commission
13
The power of labor unions increased during the New Deal mainly because
management changed it attitude toward organized labor
Federal law guaranteed labors rights to unionize
a shortage of skilled and unskilled labor developed
a spirit of cooperation existed between employers and govt
14
Based on the graph, which is an accurate statement about the Great Depression
urban areas were affected, not rural areas
the lowest point was during the first half of the 1930s
it was overcome without the use of deficit spending
it was the first downturn in the nations economic history
15
During Depression, expressions such as
Hoovervilles
and
Hoover blankets
showed that Hoover
supported relief and public housing for the needy
was seen as a role model
was blamed for the suffering of the poor
used the military to aid the unemployed
16
A major idea in the philosophy behind the New Deal was that
individual citizens should solve their own problems
states should accept more responsibly for social programs
resources of the Federal Government should be used to solve problems
private org. are best equipped to solve social problems
17
The idea expressed by Hoover is that the problems of the Depression could be solved by
relying on private enterprise and individuals to improve the economy
creating govt job programs for the unemployed
nationalizing major industries
requiring business to pay a minimum wage to workers
18
The Tennessee Valley Authority was a...
Split Tennessee into two boundries
Program that helped provide jobs, power,and control floods
a program to feed the govenment workers
Identification program to help build a working life
19
What was one factor that led to the Great Depression?
increases in the tax rate for corporations
excessive speculation in the stock market
high wages paid by employers
govt limitations on the amount of money in circulation
20
Which speaker would most favor the type of government support for the arts in the New Deal?
D
B
A
C
21
The major reason for the change in the number of bank failures is that 1937...
new banking laws had restored public confidence in banks
Americans had transferred their savings to European banks
the govt. had purchased and was now operating nations banks
most people were too poor to have savings
22
Much of the domestic legislation of the New Deal was based on the idea that the government should
own and operate the nation's key industries
protect individuals against risks that they cannot handle
assign responsibility 2 local communities for social welfare
allow return of monopolies as major economic forces
23
An accurate statement about the Great Depression of the 1930s is that
agriculture escaped the effects of Great Depression
a massive Fed. response by Hoover failed to bring recovery
a lot of factors brought about the economic collapse
Great Depression was confined to the US because of isolation
24
Which statement best summarizes Hoover's approach to the Depression?
Fed. Govt should provide substantial relief 2 the unemployed
Unemployed workers should be patient, prosperity will return
High unemployment is good for the economy
Helping unemployed poor should be first concern of govt.
25
The development and operation of Tennessee Valley Authority by US government is an example of
Federal intervention to meet regional needs
governments attempt to maximum profits in business
a return to laissez-faire economics
experimentation with nuclear tech
26
What was the Works Progress Administration (WPA)?
Hired only single men.
Built dams along the Tennessee River Valley.
Hired people to build hospitals, schools, and playgrounds.
A program that gave funds to state and local governments.
27
Which event led to the start of the Great Depression?
stock market crash (1929)
passage of Emergency Banking Act (1933)
Red Scare (1919-1920)
election of Hoover (1928)
28
In 1933, the most immediate job facing President Franklin D. Roosevelt was to
protect the nations overseas possessions
keep the nation out of war
reform the tariff system
help the unemployed
29
Which condition increased the negative effects of the Great Depression?
Factories had to decrease production because of low demand
The demand for imported products increased
The Federal government raised taxes repeatedly
Low levels of unemployment created labor shortages
30
Which statement best describes Franklin Roosevelt's New Deal program?
Expanded economic role of government, while preserving capitalism
Emphasized importance of gold standard as basis of recovery
Stressed need 4 local govt leadership than nat'l leadership
They reduced the # of people who could participate in gov't
