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Great Depression Flashcards | StudBud
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Great Depression
Great Depression
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1
What was a major criticism of the New Deal?
Put the country into too much debt
Didn't allow the Federal Gov't to do enough
Gave too much power to the Federal Gov't
Didn't spend enough money to help Americans
2
Which president believed in Rugged Individualism? (Laissez-Faire)
Theodore Roosevelt
Herbert Hoover
Franklin Roosevelt
Calvin Coolidge
3
Why did Roosevelt try to "pack the court?"
To change to way our government functions in the future
So his New Deal policies wouldn't be struck down by the S.C.
Because he was a tyrannical and wanted to seize power
To insure the next president wouldn't undo everything he did
4
Which was a cause of the Dust Bowl?
The crash of the stock market
Excessive rains over the Midwest
Decades of poor land management resulting in severe erosion
Migration to California for work and land
5
Fair Labor Standards Act
Encouraged child labor and abolished the minimum wage
Created the SEC
Protected immigrants
Established minimum wage and ended child labor
6
Deficit Spending
Spending more than you are making in revenue
Spending less than you are making in revenue
Spending on stocks that have been performing poorly
Saving more than you spend
7
Which New Deal program built parks, dams, and focused on outdoor projects?
CCC
FEMA
NRA
AAA
8
What happened on Black Tuesday, 1929?
It's the day after Thanksgiving
Protests in New York led to a massacre
Babe Ruth hit a home run to win the Yankees a World Series
The stock market crashed
9
This happens in economic downturns...
Unemployment rises
Federal government raises taxes
Interest rates for loans increase
People leave the country for better opportunity
10
The Tennessee Valley Authority provided relief by
creating jobs and providing electricity to rural communities
building schools and hospitals
protecting natural resources
built national parks
11
How do we remember the New Deal?
It ended the suffering for all Americans
It was completely ineffective
It ended the Depression
It brought relief to some Americans
12
This regulated competition and production within industries to help promote economic recovery.
NLRA
Glass Steagal Act
TVA
National Recovery Act
13
What was the result of Hoover's response to the Bonus Army protesters?
Protesting became a popular form of voicing opinions
People stopped protesting because it was useless
His popularity declined
His popularity increased
14
Which was not one of the three goals of the New Deal?
Reform
Recovery
Relief
Revolution
15
People pay for this with their income taxes and is a pension one receives upon retirement
Social Security
401K
Roth IRA
Stock portfolio
16
Securities Exchange Commission
Regulates banks investing in the stock market
Boosted funding for National Defense
Regulates the sales of stocks and bonds in the Stock Market
Created the National Guard
17
The Hawley-Smoot Tariff was meant to...
Lower taxes on imported goods
Encourage people to buy American products
Make the Great Depression a global phenomenon
Cause Europe to stop trading with the U.S.
18
What is a lasting effect of the New Deal?
Federal Gov't became larger and took a more active role
Federal gov't started saving money
Federal gov't spent more money than it brought in
Fed gov't became smaller and was less involved in economy
19
What ended the Great Depression?
World War II
Rugged Individualism
The New Deal
The rebound of the Stock Market
20
Which was NOT a cause of the Great Depression?
Stock market crash
Availability of credit
Tariff on foreign goods
The U.S. abandoning the Gold Standard
21
Roosevelt believed in Relief programs because
Rugged Individualism would save the economy
provided safe travel of migrants
restored faith in banks
They restored the moral dignity of unemployed workers
22
Bank or lender takes ownership of a possession due to failure to make payments, this is called?
Mortgage
Buying on margin
Defaulting
Foreclosure
23
This program most notably created jobs for Americans
AAA
Works Progress Administration
NLRA
Emergency Banking Act
24
Which was NOT a sign of economic weakness in the 1920's?
Uneven distribution of income
Unemployment rate dropping
Slowing of the Housing Market
Increasing amounts of people defaulting on loans
25
How did Roosevelt differ from Hoover in dealing with the Great Depression?
Roosevelt wanted to create a Socialist form of government
Roosevelt criticized the wealthy for causing it
Roosevelt didn't want to spend as much money as Hoover had
Roosevelt saw it necessary for intervention in the economy
26
FDR's programs to end the Great Depression are called
Return to Normalcy
Rugged Individualism
The New Deal
Big Stick Diplomacy
27
Roosevelt's addresses to the nation by radio during the Great Depression?
State of the Union
Fireside Chats
NPR
Twitter
28
Due to the Dust Bowl and massive unemployment people...
Re-elected Hoover to fix it
Looted and committed crime to make a living
Fled to Mexico for work
Migrated to find work within the U.S.
29
How would Rugged Individualism get the U.S. out of the Great Depression?
People would take up more blue collar jobs
The government would spend money on programs for employment
Consumers and producers would lead the way with out gov't
One wealthy tycoon would spread his wealth to others
30
Hooverville's symbolized the federal government's failure to provide relief for Americans
False
True
31
Allows the president to close banks to stabilize and evaluate for various factors
CCC
Emergency Banking Act
WPA
Glass Steagall Act
32
Agricultural Adjustment Act
Reduced crop supplies to stabilize prices and help farmers
Aimed to plant more crops to end the Dust Bowl
Encouraged farmers to sell their crops at a lower price
Encouraged farmers to sell their crops to Europe
33
Why is buying on margin risky?
It is illegal in every city except New York
Your stock portfolio won't be diverse enough
If the stock market crashes, the money borrowed is gone
Banks won't accept your money
34
Why did the Hawley-Smoot tariff backfire?
The tariffs weren't high enough
The tariffs should have been lower
Europe wouldn't trade with the U.S.
It bolstered other country's economies
35
Federal Deposit Insurance Corporation
Created jobs in the Tennessee River Valley building dams
Ended child labor
Put restrictions on how banks can invest your money
Protected peoples' bank deposits from bank failures
36
Which of these compounded the losses of the Stock Market crash?
People had started to mistrust banks and already had money
People had bought stock in different cities
People had bought stock on margin
People had savings accounts outside of the stock market