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Unit 5: The Crisis of Capitalism and Responses Flashcards | StudBud
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Unit 5: The Crisis of Capitalism and Responses
Unit 5: The Crisis of Capitalism and Responses
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#greatdepression #newdeal #redlining
Flashcards
40 cards
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Questions
40
Answers
1
What caused the Great Depression?
Over-reliance on credit
Lack of regulation of the banking system
Over-production of crops
Lack of faith in the market
2
Why did the court-packing plan NOT go into effect?
Many justices retired anyway
Court started ruling his way
Luck. it proved to be unnecessary
Public opinion was squarely against it
3
What was the purpose of the AAA (not auto insurance)
Ending global hunger
Reforming the automotive system
Reforming the banking system
Reforming the Agricultural system
4
What was the intent of the Hawley-Smoot Tariff?
Protect of American industry by upping tariffs
To eliminate all tariffs
Protection of foreign industries over American ones
To reduce tariffs across the board
5
What prevented the US Stock Market from crashing in March of 1929?
The Market works in mysterious ways
The Federal Reserve stepped in
Charles Mitchell put his own money on the market
Investors realized they were being silly
6
To explain his solution to the banking crisis, what did Roosevelt do?
He began giving “Fireside Chat” radio addresses
He gave whistle-stop tours
He sent out a newsletter
He posted in the New York Times
7
How did Michael Meehan, Jesse Livermore, and Charles Mitchell amass their fortunes?
Stock Market
Cattle indsutry
Oil industry
The steel industry
8
What reasons did Roosevelt give to the public for this plan?
New justices would understand the Depression
Roosevelt felt adding new justices would speed things up
New justices were more reliable
New Justices would do whatever he wanted them to
9
What did Herbert Hoover pledge to do when he was elected in 1928?
Increase federal spending on work relief projects
Crack down on organized crime
Maintain Republican policies of the last 8 years
Increase banking regulation
10
What caused the Dust Bowl?
Overgrazing
Poor farming techniques
Drought
Overcropping
11
What is a stock and what dictates its value?
Herd of animals ; number of animals available
Shares in a company ; demand
Coins ; government sets prices
Physical goods for sale ; number available
12
Why did Huey Long oppose the New Deal?
He felt the New Deal did not go far enough
He wanted heavy taxation on the rich
He wanted to give every American 2500 dollars
He felt the government should be more involved
13
In "Brother, can you spare a dime?" what does the singer make an effort to emphasize?
How much he likes handouts
How much he is willing to work
How great a guy he is
How poor he is
14
What was the SEC designed to regulate?
Banking
Wartime production
The Stock Market
Agriculture
15
What was it called when people rushed to the banks to take out money?
A bank jog
A bank advance
A bank run
A bank charge
16
What was the purpose of the Reconstruction Finance Corporation?
Give federal money specifically to banks
Give federal money to the several states
Give federal money to small business owners
Give federal money to large organizations
17
What was the real rationale behind Roosevelt’s plan?
Roosevelt was angry with the court
Roosevelt wanted the court to accept more New Deal laws
Roosevelt wanted to warn the court
Roosevelt wanted to have more power over the court
18
How effective were Hoover’s policies in dealing with the Great Depression?
Unemployment and bank closures remained steady
Unemployment and bank closures fell during his tenure
No relationship between his policies and the Depression
Unemployment and bank closures continued to climb
19
What famous songwriter wrote songs about the Dust Bowl that are still popular today?
Woody Harrelson
Mama Cass
Woody Guthrie
Peter Yarrow
20
What was court-packing?
The idea of taking the court on trips
Roosevelt adding more judges who would vote his way
The idea of making sure every seat was always full
The idea of filling the judicial schedule completely
21
What was the problem with the banks when Roosevelt took office?
Banks were too successful, and were hoarding money
All the banks had failed
Banks were continuing to play the Stock Market
Bank failures were climbing, reaching 4,000 in 1932
22
The FHA was used to enforce segregation using what policy?
Green-zoning
Blacklisting
Redlining
Brown-outing
23
What was Franklin Delano Roosevelt’s appeal to the American Voter in 1932?
He was young and energetic
He promised a “New Deal” for the American People
He represented more of the same
He represented a return to the policies of the early 1920s
24
What was the Dust Bowl?
An economic slowdown on farms in the Great Plains
A minor storm
A football conference championship
A disaster that stuck the Great Plains from 1930-1936
25
The following image was named:
Gliding Grandmother
Weeping Widow
Transitory Trisha
Migrant Mother
26
What was the nickname for the agencies created during the First and Second New Deals?
Animal Crackers
Spaghetti Dinner
Tossed Salad
Alphabet Soup
27
How did people living through the Dust Bowl cope with the problems it presented?
They improvised face masks and breathing equipment
They sealed windows up with newspaper
They stayed indoors as much as possible
They moved to (literally) greener pastures
28
Why did Father Coughlin oppose the New Deal?
He felt that it was approaching Communism
He felt that Roosevelt was too hands-off
He felt that it was too new
He felt that it was fascist dictatorship
29
What idea did Charles Mitchell invent in the 1920's?
Buying on margin
Buy now, pay later
Convincing wealthy people to invest more
Marketing stocks to regular people
30
What was “buying on margin”?
Buying a stock right before it burst
Borrowing money to buy stocks
Buying a stock right after it crashed
Buying stock left over that no one wanted
31
When did the market finally crash?
Black Friday, October 1st 1929
Green Monday, July 14 1929
Black Tuesday, October 29 1929
Purple Thursday, September 3 1929
32
What was the purpose of the FDIC?
To ensure stock purchases
To ensure bank deposits
To ensure home loans
To ensure health care
33
What was the result of Roosevelt's approach?
More banks closed AFTER his action than before
The banking crisis was almost immediately ended
The banking crisis continued
The outcome was questionable
34
What was the legacy of the New Deal?
Far-reaching social welfare programs
Banking regulations
Increased power in the Executive branch
Expanded federal government
35
What was one of the steps that Roosevelt took to solve the banking crisis?
Roosevelt immediately fired all of the bank managers
Roosevelt immediately all banking regulations
Roosevelt passed out bank vouchers
Roosevelt immediately shut down all of the banks
36
By 1929 how long had stock prices been rising?
2 years
7 years
8 years
5 years
37
How did the Bonus Army conflict contribute to Hoover’s downfall?
Hoover called in the National Guard to attack the Bonus Army
The Bonus Army agitated homeless and penniless citizens
Hoover turned the Bonus Army on the homeless, killing many
Hoover looked too generous by giving them money
38
What was the SSA?
Social Security Administration
Seasonal Safety Act
Standard Savings Administration
Sterns-Syverson Act
39
What term was used as an insult for people from the Plains fleeing the Dust Bowl?
Okies
Kansans
Youpers
Hicks
40
What role did Hoover see for the Federal Government during the Depression?
The government should provide direct relief to businesses
There was no role; people should help each other
The government should be the “hub” for all relief efforts
The government should give direct relief to citizens
