Why did the stock market crash weaken the nation's banks?

banks had invested deposits in the stock market

How did the Agricultural Adjustment Act try to help farmers?

pay them not to grow crops to raise crop prices

How did the Emergency Banking Relief Act help solve the banking crisis?

issuing licenses to banks that officials found to be sound

Which New Deal program was founded with the primary goal of creating jobs for young men?

the Civilian Conservation Corps

Why did stock prices first begin to decline in late 1929?

investors began to sell their stock

Which of the following did the FDR administration create to regulate the stock market?

Securities and Exchange Commission

How was the economic struggle during the Depression different for rural Americans?

Environmental disasters worsened struggles for rural areas

What approach did Hoover take initially to end the Great Depression?

appealing to the wealthy to volunteer time and money

How did Social Security (SSA) differ in its goals from the Public Works Administration (PWA)?

SSA provided long-term security to elderly, PWA temporary

Why did thousands of WWI veterans come to Washington in 1932 and lobby Congress?

to pass a law to give veterans a promised bonus early

What did the Wagner Act do?

Recognized right for employees to join labor unions

What did the Home Owners' Loan Corporation do?

lengthen the mortgage repayment terms, lowered rates

Why did Hoover oppose direct federal relief to the unemployed?

He believed only state, city gov'ts should do that

The earliest factor to contribute to the Great Depression was

economic challenges in the farming industry

What was the purpose of the Reconstruction Finance Corporation?

make loans to banks, RRs and agricultural institutions

Why was FDR so popular as governor of New York?

he helped the people of the state economically

President Hoover hoped that public works would

provide jobs lost in the private sector

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Topic 13: The Great Depression and the New Deal

25 termsStudBud Administration132 plays

Review of Pearson US HIstory Topic 13

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Questions 25

Answers

1
Why did the stock market crash weaken the nation's banks?
investors could no longer afford to take out bank loans
banks had invested deposits in the stock market
investors no longer had money to deposit in banks
banks depended on stock income for operating funds
2
How did the Agricultural Adjustment Act try to help farmers?
buy up farm surpluses
pay them to grow more crops to raise crop prices
make more land available for farming
pay them not to grow crops to raise crop prices
3
What was the first thing FDR did to fight the Depression after becoming president?
set up public works programs
provide relief for farmers
provide direct relief to people
restore confidence in banks
4
What did Senator Huey Long want the government to do to help with the Great Depression?
share the wealth of the rich
stop interfering with business
pay citizens over 60 a monthly pension
balance the federal budget
5
How did the Emergency Banking Relief Act help solve the banking crisis?
closing banks so the Federal Reserve could replenish gold
declaring that the gold standard would not be abandoned
issuing licenses to banks that officials found to be sound
putting all banks under government operation
6
Murals created during the New Deal still exist today. Which program was responsible for this?
Tennessee Valley Authority
Social Security Administration
Civilian Conservation Corps
Works Progress Administration
7
Which New Deal program was founded with the primary goal of creating jobs for young men?
the Agricultural Adjustment Act
the National Recovery Adminstration
the Tennessee Valley Authority
the Civilian Conservation Corps
8
Frances Perkins was the first woman appointed to the Cabinet. Which did she help establish?
reduction in racial discrimination
reduction in gender discrimination
Social Security
increased home ownership
9
Why did stock prices first begin to decline in late 1929?
investors began to sell their stock
several companies went bankrupt
company earnings declined
stockbrokers stopped margin loans
10
Which of the following did the FDR administration create to regulate the stock market?
Federal Trade Commission
Social Security Administration
National Recovery Administration
Securities and Exchange Commission
11
How was the economic struggle during the Depression different for rural Americans?
Environmental disasters worsened struggles for rural areas
Rural Americans did not have resources that were in cities
Rural Americans often had to leave home to find jobs
Bank failures were harsher in rural areas than urban areas
12
What approach did Hoover take initially to end the Great Depression?
allowing businesses more freedom from regulation
appealing to the wealthy to volunteer time and money
using federal resources to stimulate the economy
raising taxes, interest rates, and money in circulation
13
How did Social Security (SSA) differ in its goals from the Public Works Administration (PWA)?
SSA provided long-term security to elderly, PWA temporary
SSA focused on large bldg projects, PWA on nation's parks
SSA provided temporary job relief, PWA long-term for elderly
SSA helped conserve nation's parks, PWA with large projects
14
Why did thousands of WWI veterans come to Washington in 1932 and lobby Congress?
to enact a bonus for war veterans
to provide military jobs for unemployed veterans
to provide public works jobs for unemployed veterans
to pass a law to give veterans a promised bonus early
15
What did the Wagner Act do?
Established minimum wage, max workweek of 44 hours
Recognized right for employees to join labor unions
Gave workers right to hold sit-down strikes
Allowed states to choose if workers would join labor unions
16
Why did many state governors declare 'bank holidays' during the Great Depression?
to help the Federal Reserve
to give bank employees a break
to reduce the value of the dollar
to prevent bank runs
17
What did the Home Owners' Loan Corporation do?
provide money to help the unemployed pay mortgages
lengthen the mortgage repayment terms, lowered rates
provide low-cost loans to help homeless people buy a home
lower mortgage rates when people lost their jobs
18
How did the framers of the Social Security Act see it primarily?
as a welfare bill
as a retirement pension bill
as an 'insurance policy' bill
as a relief bill
19
What did the National Industrial Recovery Act set up?
codes of fair competition
laws banning unions
three work shifts per day
trusts to promote competition
20
Why did Hoover oppose direct federal relief to the unemployed?
He believed only state, city gov'ts should do that
He believed the Depression would soon end
He believed charities could provide sufficient relief
He believed individuals should take care of themselves
21
The earliest factor to contribute to the Great Depression was
the sudden increase in postwar manufacturing
over-extension of credit to consumers
economic challenges in the farming industry
uneven distribution of personal wealth in the 1920s
22
What was the purpose of the Reconstruction Finance Corporation?
regulate the stock market
make loans to banks, RRs and agricultural institutions
administer public assistance for the unemployed and homeless
manage public works projects
23
Why did farmers on the Great Plains begin to lose their crops in 1932?
the soil dried up
a wheat fungus devastated the fields
the soil lost its fertility
frequent rains eroded the soil
24
Why was FDR so popular as governor of New York?
he helped the people of the state economically
he cut income taxes statewide
he gave frequent radio addresses
he sided with unions over management
25
President Hoover hoped that public works would
solve the budget deficit
provide jobs lost in the private sector
spur industry to create more jobs
spur the construction industry

Topic 13: The Great Depression and the New Deal Flashcards | StudBud