Why were people unable to get their money from banks following “Black Tuesday?”

Too many people rushed to take all of their savings out

How was the lag in wage increases affecting consumer debt throughout the 1920s?

consumers were unable to buy new goods on a continuous basis

What was the final result of the Smoot-Hawley Act on the US economy?

A worldwide slowdown in economic trade.

New Deal paid farmers subsidies not to plant on part of their land/kill off excess livestock.

Agricultural Adjustment Act (AAA)

Large-scale construction projects such as bridges and roads financed by the government.

Public Works Administration (PWA)

What was the result of “Black Tuesday” October 29, 1929?

US investors sold off stocks resulting in collapse of NYSE

How did the Bonus Army March contribute to President Herbert Hoover’s unpopularity?

People did not want WWI vets forcibly removed by Army.

What was "The Dust Bowl"?

An environmental disaster brought on by over farming/drought

What is the “peak" of a business cycle?

Businesses are fully employed and reach maximum production.

The ____was created to encourage stability in the financial and banking practices.

Federal Deposit Insurance Corporation (FDIC)

What was the “New Deal”?

Pres. FDR's program to offer "relief, recovery and reform"

"By 1929, 2/3rds of Americans were making $2,000 dollars or less. " The quote shows that:

US society had serious income equality problem in 1929.

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Great Crash/Depression/New Deal

20 termsStudBud Administration57 plays

Review of basic facts regarding the Stock Market Crash of 1929, the Great Depression & New Deal.

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Questions 20

Answers

1
New Deal critic who believed that the New Deal should have a "share the wealth" platform.
Father Charles Coughlin
Senator Huey Long
Liberty League
Robert Taft
2
Why were people unable to get their money from banks following “Black Tuesday?”
People put all of their savings into the stock market
Too many people rushed to take all of their savings out
Banks were taken over by the government
Banks were requiring proof of ID
3
How was the lag in wage increases affecting consumer debt throughout the 1920s?
consumers were able to continue use of installment buying
consumers were able to buy goods on a continuous basis
consumers were unable to buy new goods on a continuous basis
installment buying continued to grow into the 1930s
4
What was the final result of the Smoot-Hawley Act on the US economy?
European nations imposed taxes on US goods
US imposed taxes on foreign goods
A worldwide slowdown in economic trade.
Nations began preparing for war.
5
US had $6 billion in consumer debt by 1929, double the amount it had in 1921. Conclusion?
All of the above.
Consumers might not have money to spend in 1930.
The US economy would soon see a contraction in the economy.
The US economy could soon reach a peak in consumer buying.
6
New Deal paid farmers subsidies not to plant on part of their land/kill off excess livestock.
Civilian Conservation Corps (CCC)
National Recovery Administration (NRA)
The Tennessee Valley Authority (TVA)
Agricultural Adjustment Act (AAA)
7
Large-scale construction projects such as bridges and roads financed by the government.
The Civilian Conservation Corps (CCC)
Public Works Administration (PWA)
Agricultural Adjustment Act (AAA)
Tennessee Valley Authority (TVA)
8
How were a majority of people able to afford buying stocks during the 1920s?
People borrowed money to buy stocks from investment firms
both 1 and 2
People buying stocks on margin.
neither 1 or 2
9
Supported New Deal but believed FDR should nationalize (government takeover) industries/banks.
Father Charles Coughlin
Francis Townsend
Oakies
Herbert Hoover
10
What was the result of “Black Tuesday” October 29, 1929?
World War I ended
Unemployment reached 25%
US investors made big gains in the stock market.
US investors sold off stocks resulting in collapse of NYSE
11
Republican politicians who believed the New Deal threatened individual liberty.
Francis Townsend/Senator Huey Long
Liberty League
None of the above.
Herbert Hoover/Robert Taft
12
The New Deal ended the Great Depression.
No
Yes
Could be?
Maybe
13
What percentage of Americans were making $2000 or less in 1929?
5%
25%
66%
50%
14
Wanted FDR to enact a pension plan of $200 a month for senior citizens to alleviate poverty.
Father Charles Coughlin
Robert Taft
Francis Townsend
Senator Huey Long
15
How did the Bonus Army March contribute to President Herbert Hoover’s unpopularity?
They campaigned for FDR.
People did not want WWI vets forcibly removed by Army.
People did not want WWI vets receiving benefits promised.
People wanted WWI vets receiving benefits promised.
16
What was "The Dust Bowl"?
An environmental disaster brought on by over farming/drought
A college football game.
The migration of people from Plains states to California.
An environmental disaster brought on by dust storms in NY.
17
What is the “peak" of a business cycle?
Businesses contract and layoff workers.
Businesses go bankrupt.
Businesses expand and hire workers.
Businesses are fully employed and reach maximum production.
18
The ____was created to encourage stability in the financial and banking practices.
Agricultural Adjustment Act (AAA)
The Civilian Conservation Corps (CCC)
The Tennessee Valley Authority (TVA)
Federal Deposit Insurance Corporation (FDIC)
19
What was the “New Deal”?
A radio game show.
Pres. FDR's program to offer "relief, recovery and reform"
A plan by Pres. Hoover to get the economy going
A plan by Pres. Coolidge to offer money to Europe.
20
"By 1929, 2/3rds of Americans were making $2,000 dollars or less. " The quote shows that:
Income equality in 1929 was almost non-existent.
Education inequality was a major factor in 1929.
US society had serious income equality problem in 1929.
The US was on the verge of civil war.

Great Crash/Depression/New Deal Flashcards | StudBud