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Great Depression
Great Depression
30 terms
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StudBud Administration
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#ushistory #great depression
Flashcards
30 cards
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Practice quiz
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Questions
30
Answers
1
What is the Federal Reserve System?
Standards for saving money
Regulation of the Stock Market
System for reserving stocks for stock brokers
The nation's central bank
2
FDR used the radio, during the _ to explain his policies in simple terms to the American people
State of the Union address
Public Works
Radio with Roosevelt
fireside chats
3
What was the Supreme Court's response to the New Deal?
Limited it by declaring many laws unconstitutional
Split the Supreme Court and became a divisive issue
Refused to hear cases dealing with the New Deal
Strengthened it by holding up all of its laws
4
What was NOT a component of the New Deal?
Reconstruction
Relief
Reform
Recovery
5
What happened to stock prices on the New York Stock Exchange from 1920-1929?
They made a slow recovery from the economic downturn.
They rose steadily as people from all walks of life invested
They stayed relatively stable.
They dropped rapidly due to overproduction
6
What does buying on margin mean?
Buying stocks in hopes of making a profit.
Buying more stocks if the price rose sharply.
Buying stocks with loans from stockbrokers.
Buying stocks at very low prices.
7
Why were people against the court packing plan?
it upset the balance of congress
it gave the president control of every law
it upset the balance of power in the Federal Government
there was not enough room in the court
8
Families would rely on _____ to purchase goods.
investments
jobs/paychecks
government
credit
9
The Great Depression can be described as
the time when farming was the best job to have
an era of unstable government and foreign policy
a period of spending and investing
the most severe economic downturn in US history
10
Unemployment resulted in all of the following EXCEPT
Bread lines and soup kitchens
poverty
new homes built in Hoovervilles
increase in suicide rates
11
A person who travels, usually by train, in search of a job.
Dusties
Okie
Cooperative farmers
Hobo
12
Huey Long was the greatest critic of FDR; What is his nickname?
Kingfish
Slappy
HOBOJO
Longhead
13
What is the worst day in the history of the stock market?
Black Tuesday
October 29, 1929
October 31, 1932
Black Friday
14
What is Gross National Product (GNP)
Rate of growth in the economy
Amount of goods imported
Value of goods and services produced
Amounts of goods exported
15
What was the goal of the Smoot-Hawley Tariff Act?
lower income taxes on workers
lower tariffs on imported goods despite effect on US workers
raise tariffs on imported good to protect US made goods
create good trade relationships with foreign competitors
16
What does FDIC stand for? What was its purpose?
Federal Deposit Corporation; set limits on bank accounts
Federal Deposit Insurance Company; loan money to banks
Federal Documents in Court; examine New Deal policies
Federal Deposit Insurance Corporation; protect bank accounts
17
Who was president when the stock market crashed?
Calvin Coolidge
Franklin D. Roosevelt
Herbert Hoover
Theodore Roosevelt
18
What was Roosevelt's top priority when he took office?
rescue the banks
regulate the stock market
establish new housing
create a workforce
19
Which group benefited from Social Security coverage?
Racial minorities
Older Americans
Farmers
Unionized workers
20
Triggered a banking crisis
hobo
Okie
Hoover Dam
Black Tuesday
21
What event is considered the first sign of the Great Depression?
the election of Herbert Hoover as president in 1928
the Tariff Act of 1930
the passage of the New Deal in 1932
the stock market crash of 1929
22
group of influential African Americans who advised Roosevelt on racial issues.
African American Legislative Advisory Unit
African American Congress
Black Cabinet
Colored Congress
23
Who was known as FDR's "eyes and ears" and his closest advisor?
Delano Roosevelt
Theodore Roosevelt
Eleanor Roosevelt
Frances Perkins
24
Senator of Louisiana, opposed new deal
Huey Long
Francis Townsend
Johnny "no deal" Jones
Father Coughlin
25
Six-week "sit down" event in Michigan that resulted in recognition of the CIO.
Ford layoffs
Civilian Conservation Corps
GM Strike
Social Security Act
26
Which of the following is NOT a cause of the Great Depression?
unemployment
overproduction
unequal distribution of wealth
over-speculation
27
What caused many of the bank closings during the Great Depression?
the Fed lowered interest rates dramatically
Stiff competition from foreign banks
Over-regulation of banks by the Fed
People couldn't pay back loans after the crash
28
Which of the following would result in foreclosure?
not making loan payments to the bank
having too much credit
over investing in the stock market
farm over production
29
By increasing farm subsidy's; New Deal policies helped to _______.
raise the price of farm goods
increase the food supply
combat the effects of the Dust Bowl
lower the cost of food
30
Which was NOT an effect of the stock market crash?
Banks failed
Many people sold shares for more than they paid.
Unemployment rose
world trade dropped
