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