Pre-Monthly Test
What was the slogan that Herbert Hoover became famous for?
A chicken in every pot.
What is a bank run?
When a bank's customers panic about the safety of a bank, and all try to withdraw their money at the same time, often causing a bank to fail.
What does PWA stand for?
Public Works Administration
Name an Alphabet Agency that was declared unconstitutional.
1. The Agricultural Adjustment Agency
2. The National Recovery Administration
In what year did America join World War 2?
1941
Which Langston Hughes poem did we study in class?
Dream Variations
What did FDR do to resolve the banking crisis of March 1933?
Declared a national bank holiday/ organised inspections of all banks in the country/ restructured or gave loans to struggling banks through the Federal Reserve
What age group was the Civilian Conservation Corps aimed towards?
18-25
What was the name of FDR's plan to add another judge to the Supreme Court for every judge over the age of 70?
The Court Packing Plan
In what year did American unemployment numbers rise above 25%?
1933
What does KKK stand for?
Ku Klux Klan
What is fiat currency?
Currency that only has value because the government says it does, and the people believe it does.
Which Alphabet Agency refinanced mortgage loans for struggling home owners?
The HOLC
Who planned to run for President in 1936, but was shot dead in 1935?
Huey Long
What does GDP stand for?
Gross Domestic Product
What was easily available to investors during the 1920s?
Credit
What does it mean to be liquid?
Your wealth is stored in currency, rather than in assets.
Was the Civil Works Administration a long-term or short-term policy?
Short-term. It was designed specifically for the winter of 1933.
Give one of Huey Long's political ideas.
1. Free higher education
2. Reduced taxes for the poor
3. A limit on personal wealth
4. A state pension to everyone over 60
What do most historians agree ended the Great Depression in America?
World War 2.
Give a factor that contributed to the Great Depression, other than the WSC.
Bank failures/ Tariffs/ Surplus of farm produce/ Etc.
When was Hoover's last day as president?
March 3rd, 1933
What was the Farm Credit Administration for?
Providing loans to farmers so they wouldn't be evicted or otherwise lose their farms.
Why did some businesses oppose FDR's policies?
He imposed too many constraints on their business models/ He promoted workers rights/ He tried to drive up the price of labour/ etc.
1. A government cutback on public spending
2. The Fed required banks to keep more of their wealth in reserve