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Great Depression
Great Depression
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StudBud Administration
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Unit 4
Flashcards
50 cards
F
Practice quiz
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Host live
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Questions
50
Answers
1
Reciprocal trade agreements _____ tariffs.
lowered
doubled
eliminated
increased
2
In the 1920's the Federal Reserve's low interest rates caused businesses to over ________
everyone
produce
margin
pay
3
The government made the depression worse when it set tariffs too _____
low
bull market
bear market
high
4
Jerry bought his stocks on _________ putting 10% down and borrowing the rest.
speculation
margin
margin call
bank run
5
As a result of the stock market crash, some banks suffered more losses than they could absorb and __________
had to make more loans
merged with other banks
tried to attract more depositors
were forced to close
6
Jerry’s stockbroker issued a ______ ____ demanding he pay back what he borrowed to buy stocks.
speculation
margin call
supply-side
margin
7
Having a __________ _______________ did not prevent a run on several banks.
sit-down strike
cost-plus
broker state
bank holiday
8
People who didn't want their money invested in stocks put their money in _____ banks.
savings
investment
commercial
foreign
9
The governor was accused of ___-_____. She tried to increase the number of judges on the court.
disenfranchised
napalm
court-packing
appeasement
10
FDR did 2 years of ___ _____ to stimulate the economy, then cut spending to balance the budget.
deficit spending
balanced budget
loan making
surplus
11
As creditors foreclosed on nearly a million farms from 1930-1934, some farmers destroyed crops in an attempt to
raise prices by reducing supply.
call public attention to their plight.
fertilize the soil.
retaliate against their creditors.
12
What part of the safety net is protected by the National Industrial Recovery Act?
workers
the elderly and disabled
homeowners
financial institutions
13
What a _____________ __________. Everyone went to the bank demanding they withdraw their money.
reparations
public works
bank run
cooperative individualism
14
All these problems caused banks and businesses to fail and create more _____
jobs
inflation
unemployment
gold reserves
15
Margaret did some ______ as she bought risky stocks that she thinks will make a lot of money.
margin call
speculation
supply-side
demand-side
16
The senator would not cut spending on the ______ ____ to protect folks from economic disaster.
safety net
rationing
disenfranchised
kamikaze
17
The cyclical effect led to too _____ money in the economy
much
late
little
funny
18
What part of the safety net was protected by the Banking Relief Act?
financial institutions
children
homeowners
workers
19
The workers sat in the break room instead of reporting to work. They did a __ -______ _________
bank holiday
collective bargain
stand-up monologue
sit-down strike
20
In the 1920's the Federal Reserve's low interest rates caused investors to buy stocks on _______
pay
everyone
margin
produce
21
In the 1920's the Federal Reserve's low interest rates caused banks to loan millions to
produce
pay
margin
everyone
22
When the stock market crashed, the government did not insure bank deposits so,
Customers lost their savings if the bank failed.
Banks kept onl;y a fraction of depositors' money on reserve.
Banks had to make more loans.
Banks made more investments.
23
When FDR made this mistake, Congress blocked any future New Deal programs?
He asked Congress for a pay raise
He proposed prohibition
He was re-elected
He tried to add justices to the Supreme Court
24
The Agricultural Adjustment Act paid farmers to produce
less
about the same amount
caterpillars
more
25
What part of the safety net is protected by the Homeowners Loan Act?
homeowners
children
the elderly and disabled
workers
26
The Fair Labor Standards Act abolished child labor, limited work to 44/week, and
gave workers the right to join a union
provided mediation for disputes
set the first federal minimum wage
implemented a fair housing law
27
Public works programs gave people ____ jobs.
industrial
low paying
government
agricultural
28
Which is a major legacy of the New Deal?
more government power over the economy
free lunches
supply-side economics
laissez-faire policies
29
Eliza didn’t pay the mortgage on her farm, so the bank did a ___________________.
reclosure
postclosure
preclosure
foreclosure
30
The combination of problems led to a ______ effect
cyclical
blaze
euphoric
historic
31
The Emergency Banking Relief Act allowed only _____ banks to reopen.
small
healthy
sickly
big
32
Retired people have more financial secuirty throught _____ Security.
Federtal
Economic
Social
Financial
33
Supporters of the New Deal were called the New Deal Coalition and included _______
African Americans
Republicans
conservatives
business leaders
34
Mike had his broker at the _______ __________ trade 30 shares of McDonald’s for 50 of Wendy's.
stock holder
stockbroker
stocking
stock market
35
The government acted as the _____ _____ to settle the strike between the miners and the owners.
broker state
binding arbitration
appeasement
hedgerow
36
Why was the Federal Deposit Insurance Corporation created in response to the Great Depression?
All of the above
to allow people to keep spending
to insure bank accounts
to prevent runs on the banks
37
FDR had another ____________________ _________ on the radio.
fireside chat
Twitter tweet
radio chat
radar
38
Even though the New Deal was only a limited success, what did it achieve?
It enabled more Americans to own their own homes.
It gave Americans a sense of security and stability.
It gave Americans a minimum income
It limited the role of government in the American economy.
39
The CCC was the most popular __________ _________, putting young men to work across the nation.
relief program
recovery program
conservation
public works
40
Roosevelt's New Deal received criticism from ____
the right
no one
the left
both the right and left
41
Keynes argued that deficit spending would ________
decrease demand
increase the number of jobs
have no effect on jobs
decrease the number of jobs
42
In the 1920's the Federal Reserve's low interest rates caused consumers to borrow for consumer goods until they couldn't
produce
everyone
margin
pay
43
What part of the safety net protected by the Fair Labor Relations Act?
children
financial institutions
the elderly and disabled
homeowners
44
Food stamps are a form of ____________________ since they help the poor.
recovery
reform
relief
victory garden
45
When the Senate voted down a bill that promised the immediate payment of the $1000 bonus to each WWI vet, some vets
marched to Oregon.
burned down public buildings.
camped in vacant buildings in Washington, D.C.
stole money from the Federal Reserve.
46
What part of the safety net is protected by Social Secuirty?
children
financial oinstitutions
The elderly and disabled
homeowners
47
The Federal Reserve caused the depression when it kept interest rates too
low
bear market
high
bull market
48
The Securities and Exchange Commission prevents stock market ______
speculation
investments
procrastination
sell offs
49
Hoover's image was tarnished by the rout of the Bonus Marchers and by the
National Credit Corporation
lingering depression
emergency loans to states
public works funding
50
For two years Roosevelt tried to stimulate the economy through _______ spending.
deficit
higher
lower
surplus