The rising interest rates in the United States helped cause the Great Depression by

reducing the amount of money available for banks to loan people

What was the conservative view of trying to help end the Great Depression?

do not interfere, it will fix itself over time

How did the Reconstruction Finance Corporation try to kick start the economy?

It gave loans to banks, railroads, and other businesses to encourage hiring

Why was Hoover so confident that the US economy would rebound from its slide?

He knew an economic decline was alwyas followed by an econimc rise

How did the Tennessee Valley Authority help to create jobs during the Great Depression?

It made plans to build roads, bridges, and dams which needed workers

The main purpose of the Federal Reserve System is to

manage the money supply in the United States

Why did the United States choose to raise tariffs on imported items at the start of the Great Depression?

to get people to "Buy American" to help save jobs and reduce unemployment

What was the liberal philosophy toward addressing the problems of the Great Depression?

the government should help by spending money and helping to create jobs

The Banking Act of 1933 attempted to prevent future banks failures by...

establishing the FDIC to insure bank deposits against future failures

What is the radical plan for addressing the problems of the Great Depression?

the capitalist system should be replaced by socialism

The Agricultural Adjustment Act was a good deal for farmers because

it paid farmers to plant less which helped increase demand for farm goods

How can the discount rate eventually impact American citizens negatively?

It can change interest rates for loans.

Why are FDR's fist 100 days in office significant?

FDR and Congress passed a record number of bills to combat the Great Dep.

Why was Herbert Hoover reluctant to have the US gov't provide aid for struggling citizens during the Great Depression?

He feared it could make people become dependent on the government for help

What is a Hooverville?

A collection of shack type houses where many of the unemployed had to live

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Great Depression Quiz

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Questions 30

Answers

1
Franklin Roosevelt's program to reduce the effects of the Great Depression is known as
The New Deal
The Treaty of washington
The Great Society
Rugged Individualism
2
Public Works are government funded projects. What was FDR's main purpose for using Public Works in the Great Depression
reduce unemployment
reduce overproduction
reduce the national debt
reduce interst rates
3
When citizens do not spend enough money in the economy to keep it growing, it is known as
overconsumption
underproduction
overproduction
underconsumption
4
This law helped to create a trade war between the United States and some of our foreign business partners.
The Hawley Smoot Tariff Act
The Banking Act of 1933
The Stock Market Stability Act
The Sherman Anti-Trust Act
5
The rising interest rates in the United States helped cause the Great Depression by
allowing people to borrow money to invest in the stock market
reducing the amount of goods available for purchase
increasing the number of imported items which hurt American workers
reducing the amount of money available for banks to loan people
6
What was the result of the 1932 election between Hoover and Roosevelt during the Great Depression?
FDR won in a landslide
Hoover won a close election
FDR won a close election
Hoover won in a landslide
7
What was the conservative view of trying to help end the Great Depression?
replace capitalism with communism
help hire the unemployed through Public Works projects
raise interest rates to raise exports
do not interfere, it will fix itself over time
8
How did the Reconstruction Finance Corporation try to kick start the economy?
It gave loans to banks, railroads, and other businesses to encourage hiring
It provided money for those who lot investments in the Stock Market Crash
It guaranteed and insured bank deposits.
It regulated the sale of stocks on the stock market
9
Why was Hoover so confident that the US economy would rebound from its slide?
He knew that the jobless rate was still very good even though it was rising
He knew an economic decline was alwyas followed by an econimc rise
He knew that higher tariff rates would increase production
He knew that rising interest rates would fix the issues in the stock market
10
How did the Tennessee Valley Authority help to create jobs during the Great Depression?
It made plans to build roads, bridges, and dams which needed workers
it allowed for the sale of beer and wine so many restaurants reopened
It helped to reopen banks that could loan to businesses
it gave jobs to unemployed men planting tress
11
The main purpose of the Federal Reserve System is to
give loan to individuals for big purchases like homes and cars
manage the money supply in the United States
to get enough soldiers in reserve in preparation of WWII
to tax imports from foreign nations
12
A stock market that sees declining prices over a period of time is known as a
The Federal Reserve System
Bear Market
Bull Market
Buying on the Margin
13
Why did the United States choose to raise tariffs on imported items at the start of the Great Depression?
to punish countries that taxed our exports
to get people to "Buy American" to help save jobs and reduce unemployment
to get people to deposit their money in the banks
to help with the effects of the stock market crash
14
What was the liberal philosophy toward addressing the problems of the Great Depression?
do not get involved it will fix itself
the government should help by spending money and helping to create jobs
the capitalist system should be replaced
do not get involved it will create dependence on the government
15
The Banking Act of 1933 attempted to prevent future banks failures by...
establishing the FDIC to insure bank deposits against future failures
establishing the CCC to hire 250,000 bank tellers.
establishing the Federal Reserve System to track the nations money supply
establishing the AAA to help farmers get bank loans which are safer loans.
16
Which of the following could be considered the worst of the consequences brought on by the Great Depression?
overconsumption
buying on the margin
high taxes on exported items
high unemployment
17
What is the radical plan for addressing the problems of the Great Depression?
the capitalist system should be replaced by socialism
the government should raise interest rates
the government should leave the economy alone, it will fix itself
the government should spend on public works to hire workers
18
When there is a period of continually rising stock prices, it is called a
Recession
Bear Market
Bull Market
Buying on the Margin
19
The Agricultural Adjustment Act was a good deal for farmers because
it created the technology that allowed the farmers to pay workers less
it paid farmers to plant less which helped increase demand for farm goods
it gave farmers grants to invest in the Stock Market
it put huge tariffs on imported food
20
How can the discount rate eventually impact American citizens negatively?
It creates overproduction.
It can change interest rates for loans.
It led to higher tariffs.
It helped to stop unemployment.
21
When a law passed by Congress to give immediate aid especially to the unemployed, it is called
a recovery act
a civil rights act
a relief act
a reform act
22
Why are FDR's fist 100 days in office significant?
FDR and Congress passed a record number of bills to combat the Great Dep.
FDR vetoed many bills passed by the Republicans to combat the Great Dep.
Hoover won the election by 40 states to 8
FDR signed the Treaty of Versailles which ended WWI
23
Which bill (law) helped to reopen some banks that had failed during the Bank Crisis
The Banking Act of 1933
The Tennessee Valley Bank Authority
The Emergency Banking Act
The Homeowners Refinancing Act
24
When FDR signed a bill that was designed to deal with issues that caused the Great Depression, it is called
a relief act
a recovery act
public works
a reform act
25
Why was Herbert Hoover reluctant to have the US gov't provide aid for struggling citizens during the Great Depression?
He was afraid to contributee to overconsumption
He wanted to protect US jobs
He was concerned about how it would affect the stock market
He feared it could make people become dependent on the government for help
26
When the nation produces more goods than consumers can reasonably purchase, it is known as
Overconsumption
Buying on the Margin
Recession
Overproduction
27
This day was important in American History because it was the day the Stock Market Crashed
Black Tuesday
September 11, 2001
December 7, 1941
Black Friday
28
When a law is passed trying to help create jobs and increase consumer demand, it is known as
a relief act
a recovery act
a reform act
a civil rights act
29
What is a Hooverville?
A collection of strong banks that would help failing banks stay open.
A collection of businesses that went bankrupt in the Great Depression
A collection of shack type houses where many of the unemployed had to live
Homes built by loans received from the Recon. Finance Corporation (RFC)
30
Which is the biggest factor contributing to overproduction in the US during the Great Depression?
rising prices
new transportation methods like such as planes
lower unemployment
new technology

Great Depression Quiz Flashcards | StudBud