What event occurred on Black Tuesday?

Investors sold more than 16million shares of stock

Which of these factors helped hide economic problems in the 1920's?

Americans purchased many consumer goods on credit

President Hoover responded cautiously to the Great Depression because he

thought that the business cycle would correct itself

Which factor contributed to the spread of the Great Depression overseas?

The United States curtailed investment in Europe

Which of these factors contributed to the plight of rural farmers?

falling prices for crops and livestock

What was the chief complaint of conservatives against the New Deal?

made the government too powerful

Congress instituted the RFC to loan money to

banks so they could lend money to businesses

The Agricultural Adjustment Act helped farmers because it

sought to end overproduction and raise crop prices

What were the goals of the New Deal?

provide relief, recovery and reform

In 1929, the stock market crashed because

investors lost confidence in the market

Why were banks one of the first institutions to feel the effects of the stock market crash?

people began to lose confidence in economy

Farmers contributed to the problems that led to the Dust Bowl by

using intensive farming practices that removed grasses

European countries reacted to the Hawley-Smoot Tariff by

passing high protective tariffs

How did the Indian New Deal reverse the conditions that resulted from the Dawes Act?

Collier helped get laws passed that restored control

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The Great Depression and New Deal

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Questions 24

Answers

1
During the 1920's, the United States economy moved through which phase of the business cycle?
peak
contraction
trough
expansion
2
How did the uneven distribution of wealth lead to the depression?
Farmers had huge surplus of crops but little demand
all of the above
wealthy people grew wealthier and had money to spend
Line of credit was easy, caused more debt
3
What event occurred on Black Tuesday?
The Federal Reserve lowered interest rates
Investors sold more than 16million shares of stock
Unemployment reached nearly 25 %
Germany stopped reparation payments to the United States
4
Which of these factors helped hide economic problems in the 1920's?
Farmers sold crop surpluses to pay off their debts
Wages increased at the same pace as worker productivity
Investors lost confidence in the market
Americans purchased many consumer goods on credit
5
President Hoover responded cautiously to the Great Depression because he
thought that the business cycle would correct itself
did not have any experience with business methods
was distracted by the giant dust storms in the Plains
the federal gov't needed to approach recovery
6
Which factor contributed to the spread of the Great Depression overseas?
American industry reduced production levels
Congress lowered tariffs on foreign imports
The United States curtailed investment in Europe
Europe increased trade to the United States
7
Which of these factors contributed to the plight of rural farmers?
falling prices for crops and livestock
increased demand for agricultural products
decreased debt burden
a long rainy season
8
What was the chief complaint of conservatives against the New Deal?
brought changes that were too radical for most Americans
made the government too powerful
promoted free enterprise adn individualism
concerned only with saving the banking system
9
President Hoover urged Congress to institute the RFC because the economy suffered from
concentration of wealth in large businesses
a lack of credit
over-employment
too much government regulation
10
Congress instituted the RFC to loan money to
European nations so that they could pay off debts
banks so they could lend money to businesses
investors could engage in more stock speculation
depostitors could withdraw their savings from banks
11
The Agricultural Adjustment Act helped farmers because it
created jobs for over 2 million U.S. citizens
regulated the stock market and made investments safer
attracted industry with the promise of cheap power
sought to end overproduction and raise crop prices
12
What were the goals of the New Deal?
reform the gov't and decrease spending
provide relief, recovery and reform
create schools and protect farmers
increase spending on defense and trade
13
Which group experienced an early depression in the 1920's
industrial workers
farmers
stock market investors
bank owners
14
What was the destination of most Dust Bowl migrants?
cities to find work
agricultural areas to the north
California's central valley
Kansas City
15
In 1929, the stock market crashed because
Germany ceased reparation payments to the US
investors lost confidence in the market
depositors lost their investment and withdrew all savings
the Federal Reserve increased the money supply
16
Why were banks one of the first institutions to feel the effects of the stock market crash?
the Federal Reserve increased interest rates
banks gave out too many loans in the early 20's
After stock market crash, people went to banks
people began to lose confidence in economy
17
Farmers contributed to the problems that led to the Dust Bowl by
using intensive farming practices that removed grasses
putting down new layers of topsoil
damming western rivers and using irrigation techniques
moving off of the plains to find new farmland
18
Some Americans blamed the Great Depression on
Capitalism
Facism
Communism
Socialism
19
How many terms did Roosevelt serve as President?
4
1
2
3
20
People likely abandoned this place because
they had lost their investments
too many homeless people had moved there
the land could not be farmed
the banks and businesses had closed
21
European countries reacted to the Hawley-Smoot Tariff by
importing more American goods
lowering prices on European goods
increasing global trade
passing high protective tariffs
22
What did President Roosevelt introduce to help retirees?
Second New Deal
Fair Labor Standards Act
Social Security Act
Works progress Administration
23
At the onset of the Great Depression, urban employment
increased dramatically
stayed about the same
increased slightly
decreased slightly
24
How did the Indian New Deal reverse the conditions that resulted from the Dawes Act?
Collier was appointed but did very little
Discouraged practice of Indian religions and customs
Collier helped get laws passed that restored control
It gave Native Americans more plots of tribal land

The Great Depression and New Deal Flashcards | StudBud