Why did people name homeless communities "Hoovervilles"?

People were angry with Hoover for not doing enough

Why did the stock market crash?

So many people were trying to sell all of their stocks

Why were liberals critical of FDR's New Deal programs?

They felt he needed to intervene more in business

If an economy is struggling, the government can stimulate the economy through:

Decreasing taxes, spending more

Why did stock prices fall in the late 1920's?

Businesses were not worth what the stocks were selling for

What tactics did farmers use to communicate during the Great Depression?

They dumped out milk to raise awareness of oversupply

What was the New Deal program that helped bring electrical power to 7 rural states?

Tennessee Valley Administration

What was another reason for the high number of bank failures?

Banks loaned out too much money on risky investments

What does it mean to buy "on margin"

You buy stock with borrowed money

Capitalism can best be described as:

Private ownership of businesses

Why were conservatives critical of FDR's New Deal programs?

They felt he violated the 10th amendment

A mixed economy is impacted by:

supply and demand and the government

Why did so many banks fail?

People could not repay their loans

What is laissez-faire?

Non-intervention by the government

studbud

The Great Depression and New Deal Programs

36 termsStudBud Administration935 plays

Imported from external platform

Flashcards36 cardsFPractice quizPHost liveL

Questions 36

Answers

1
Why are trusts bad for our economy?
They restrict competition.
They encourage competition.
They impact the government
They encourage big businesses
2
Which program is responsible for protecting money of depositors?
Social Security
Security Exchange Commission
Federal Deposit Insurance Cor[
Federal Housing Administration
3
Why did people name homeless communities "Hoovervilles"?
They supported Hoover's efforts to help people
FDR asked people to name the camps Hoovervilles
Hoover asked people to name their camps Hoovervilles
People were angry with Hoover for not doing enough
4
Why did the stock market crash?
The value of the stocks decreased
So many people were trying to buy stocks
The value of the stocks increased
So many people were trying to sell all of their stocks
5
An individual who buys stock
Buys stock on margin
Is part owner of the company
Owns all of the company
Owes money to the company
6
Why were liberals critical of FDR's New Deal programs?
They felt he needed to intervene less in business
They felt he violated the trust of capitalists
They felt he was a communist
They felt he needed to intervene more in business
7
What ultimately got the U.S. out of the Great Depression?
Hoover and his public works projects
WWI
WWII
FDR and his New Deal programs
8
If an economy is struggling, the government can stimulate the economy through:
Raising taxes, spending more
Raising interest rates, spending less
Decreasing taxes, spending more
Direct relief
9
Who was President when the Great Depression started?
FDR
Mellon
Coolidge
Hoover
10
What factors contributed to the Dust Bowl?
high winds
drought
all of the above
overproduction
11
When did the stock market crash?
October 29, 1929
October 30, 1928
October 30, 1929
October 29, 1928
12
Agricultural demand from Europe _____ after WWI.
Ended
Continued
Started
Expanded
13
What was credit in the late 20's?
Buy now, pay later
Pay all now
Pay all later
Pay now, buy later
14
Why did stock prices fall in the late 1920's?
People were buying on margin
People were buying with borrowed money
Businesses were worth more than the stock prices reflected.
Businesses were not worth what the stocks were selling for
15
What tactics did farmers use to communicate during the Great Depression?
They tried to reduce demand and increase supply.
They celebrated their successes.
They stopped farming.
They dumped out milk to raise awareness of oversupply
16
What was the New Deal program that helped bring electrical power to 7 rural states?
Public Works Administration
Security Exchange Corp
Agricultural Adjustment Act
Tennessee Valley Administration
17
What was another reason for the high number of bank failures?
New machines made things quickly, so people lost their jobs
Banks let people buy on margin
Banks loaned out too much money on risky investments
People bought on credit
18
Who implemented the New Deal programs?
Theodore Roosevelt
Coolidge
FDR
Hoover
19
What does it mean to buy "on margin"
You buy stock with borrowed money
You buy all of the stocks you can
You buy stocks in foreign countries
You buy stocks with cash
20
What was the unemployment rate in 1932?
30%
50%
25%
40%
21
Which President believed that the govt needed to expand to help people in the Gt. Dep?
Hoover
Coolidge
Theodore Roosevelt
FDR
22
What event started the Great Depression?
Dust Storms
Bank Failures
Over production
Stock Market crash
23
What is stock?
A legal entity
Shares of ownership
Interest bearing loans
Resources used in the production of goods
24
Capitalism can best be described as:
Some private ownership of business
Government control of industry
Private ownership of businesses
Govt. programs to help individuals
25
What percentage of Americans lived in poverty by the late 1920's?
70%
75%
50%
60%
26
Why were conservatives critical of FDR's New Deal programs?
They thought he was a communist
They felt he should do more to help those struggling
They felt he violated the 10th amendment
They thought he should increase the Supreme Court
27
A mixed economy is impacted by:
supply and demand
Consumer protection laws
supply and demand and the government
Corporations and banks
28
The "roaring twenties" was known as a time of what for most Americans?
Poverty
Dust storms
Prosperity
Stock market crash
29
Why did so many banks fail?
People could not repay their loans
Dust storms ruined farms
There were more products than could be sold
Stock prices dropped
30
Which program acts as a forced retirement savings plan?
Federal Deposit Insurance Corporation
Social Security
Federal Emergency Act
Securities Exchange Commission
31
What political party did FDR belong to?
Republican
Communist
Democrat
Socialist
32
What new deal program provides financial support for seniors and medical care for disabled?
Social Security
Federal Emergency Act
Security Exchange Corp
Public Works Administration
33
A system where the government controls all industry and property.
capitalism
free market
socialism
communism
34
What is laissez-faire?
Money paid for the use of money
Non-intervention by the government
Human made means of production
Natural resources such as land
35
Which New Deal program regulated the stock market?
Security Exchange Commission
Civilian Conservation Corp
Federal Deposit Insurance Corporation
Work Progress Administration
36
What political party was President Hoover?
Green Party
Democrat
Republican
Socialist

The Great Depression and New Deal Programs Flashcards | StudBud