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Great Depression & the New Deal Flashcards | StudBud
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Great Depression & the New Deal
Great Depression & the New Deal
25 terms
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StudBud Administration
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89 plays
A #ushistory #great depression #new deal review game.
Flashcards
25 cards
F
Practice quiz
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Host live
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Questions
25
Answers
1
What was the Supreme Court's response to the New Deal?
Refused to hear cases dealing with the New Deal
Limited it by declaring many laws unconstitutional
Strengthened it by holding up all of its laws
Split the Supreme Court and became a divisive issue
2
Which of the following would result in foreclosure?
having too much credit
not making loan payments to the bank
farm over production
over investing in the stock market
3
What happened to stock prices on the New York Stock Exchange from 1920-1929?
They rose steadily as people from all walks of life invested
They stayed relatively stable.
They made a slow recovery from the economic downturn.
They dropped rapidly due to overproduction
4
Which was NOT an effect of the stock market crash?
world trade dropped
Unemployment rose
Banks failed
Many people sold shares for more than they paid.
5
Which of the following best explains Hoover's philosophy on government and business?
Government and private business should not work together
Direct aid to the people would provide relief and recovery
Support of large corporations would help the economy
Partnerships between both would make the economy efficient.
6
Which of the following is NOT a cause of the Great Depression?
over-speculation
overproduction
unemployment
unequal distribution of wealth
7
What event is considered the first sign of the Great Depression?
the Tariff Act of 1930
the election of Herbert Hoover as president in 1928
the stock market crash of 1929
the passage of the New Deal in 1932
8
Unemployment resulted in all of the following EXCEPT
poverty
increase in suicide rates
Bread lines and soup kitchens
new homes built in Hoovervilles
9
Which region suffered from the Dust Bowl?
Great Plains
the whole country
California and Arizona
South
10
What was NOT a component of the New Deal?
Reconstruction
Recovery
Relief
Reform
11
What is the worst day in the history of the stock market?
Black Friday
Black Tuesday
October 31, 1932
October 29, 1929
12
What are Hoovervilles?
shantytowns where the homeless lived
Areas of new home construction
homes given to the unemployed
large productive farms
13
What was a major result of the Dust Bowl?
Led many farmers to oppose Roosevelt's New Deal
The region emerged as a major agricultural producer
Helped many farmers to maintain their farms
Many farmers left and migrated to places like California
14
What caused many of the bank closings during the Great Depression?
People couldn't pay back loans after the crash
Stiff competition from foreign banks
the Fed lowered interest rates dramatically
Over-regulation of banks by the Fed
15
What caused the Dust Bowl?
combination of drought and wind storms
drought
wind storms
poor farming practices
16
What does buying on margin mean?
Buying stocks in hopes of making a profit.
Buying stocks at very low prices.
Buying more stocks if the price rose sharply.
Buying stocks with loans from stockbrokers.
17
What was Roosevelt's top priority when he took office?
rescue the banks
create a workforce
regulate the stock market
establish new housing
18
The Great Depression can be described as
an era of unstable government and foreign policy
a period of spending and investing
the time when farming was the best job to have
the most severe economic downturn in US history
19
What is an example of Hoover's philosophy at work?
farm cooperatives
building the Hoover Dam
establishment of the Reconstruction Finance Corporation
increasing tariffs
20
Families would could not save money relied on _____ to purchase goods.
credit
investments
government
jobs/paychecks
21
What does FDIC stand for? What was its purpose?
Federal Documents in Court; examine New Deal policies
Federal Deposit Insurance Corporation; protect bank accounts
Federal Deposit Corporation; set limits on bank accounts
Federal Deposit Insurance Company; loan money to banks
22
FDR used the radio, during the _ to explain his policies in simple terms to the American people
fireside chats
Public Works
State of the Union address
Radio with Roosevelt
23
Which group benefited from Social Security coverage?
Farmers
Racial minorities
Older Americans
Unionized workers
24
What is the Federal Reserve System?
Standards for saving money
System for reserving stocks for stock brokers
Regulation of the Stock Market
The nation's central bank
25
What best describes the feelings of investors prior to the Great Crash?
Speculation was not as risky as people believed.
Investors believed the stock market would make them rich.
Investors chose to buy in the stock market rather than save.
Many investors believed the stock prices would never drop.
