Great Depression
An increase in ________________ and taxes on imported goods meant a massive reduction in imports and exports, worsening the effects of the depression.
A. Depression B. Stack
C. Stock D. Tariffs
D. Tariffs
The stock market _____________ happened after decreasing prices led to panic-selling.
A. Tariffs
B. Crash
C. Depression
B. Cras
Which government action taken during the mid-to-late 1920s best replaces the question mark in this list?
A. Maintaining historically high interest rates
B. Refusing to regulate speculation in the stock market
C. Requiring corporations to publicly report earnings
B. Refusing to regulate speculation in the stock market
Proposed in 1933 by Dr. Francis Townsend, the Townsend Plan was a radical economic proposal designed to end the Great Depression by supporting the _________
Elderly
Provides benefited for people who can't work because of disabilities.
SSA
Because many banks had lent their assets to the stock market, its crash led to widespread bank _______________.
A. Failure B. Lending
C.Depression D. Crash
A. Failure
Over speculation on the _______________ market pushed company values to risky, unsustainable levels.
A. Lending B. Depression
C. Socks D. Stocks
D. Stocks
What year did the stock market crash?
1929
Which federal agency, created in 1933 as part of the New
A. Securities and Exchange Commission (SEC)
B. Federal Reserve Board (FRB)
C. Internal Revenue Service (IRS)
D. Federal Deposit Insurance Corporation (FDIC)
.
D. Federal Deposit Insurance Corporation (FDIC)
Insures bank deposits against sudden loses.
A. SSA
B. FDIC
C. SEC
FDIC
True or False
The Great Depression was a short economic downturn that lasted only one year and had little impact on unemployment or businesses.
False
List 3 Effect of the Great Depression.
Effect: Investors lost money, businesses failed, and confidence in the economy collapsed.
Effect: People lost their savings, which reduced spending and caused more businesses to close.
Effect: Prices fell, companies reduced production, and workers lost their jobs.
Increase poverty levels
Business struggling to survive __________________
A. Increased international trade
B. Soaring unemployment rates
C. Initiation of international conflict
B. Soaring unemployment rates
How did the Roosevelt administration respond most directly to the Townsend Plan?
A. By introducing legislation to create the Social Security Administration
B. By offering public works jobs in the Works Progress Administration
C. By lobbying members of Congress to vote for the Glass-Steagall Act
A. By introducing legislation to create the Social Security Administration
Which organization created during the New Deal is responsible for monitoring the performance of banks in order to help
A. FDIC B. NLRB
C. FNMA
FDIC
Who was the President during the great Depression?
Hoover was president when the stock market crashed
What was one problem families faced during the Great Depression?
Unemployment, homelessness, or loss of savings.
Which factor was a significant cause of the Great Depression?
A. Government-led initiatives to increase wages
B. High tariffs imposed on imported goods
C. Excessive regulation of the stock market
D. The onset of World War II
B. High tariffs imposed on imported goods
How did Roosevelt’s response to the Great Depression differ from Hoover’s?
A. Hoover supported government aid for the poor.
B. Roosevelt expanded the federal government’s role in relief.
C. Hoover increased business regulation.
B. Roosevelt expanded the federal government’s role in relief.
The New Deal was a series of U.S. federal programs, public work projects, financial reforms, and regulations enacted by __________________ between 1933 and 1939.
President Franklin D. Roosevely
True or False
Overproduction and the collapse of agricultural prices were major factors that contributed to the economic conditions leading to the Great Depression.
True
What environmental disaster made conditions worse for farmers during the Great Depression?
A. The Dust Bowl
B. The Great Fire
C. The Gold Rush
D. The Flood of 1913
A. The Dust Bowl
Which action completes this cause-and-effect?
A. Companies increase production
B. Government raises taxes
C. Businesses cut jobs
D. Labor unions accept wage cuts
C. Businesses cut jobs
What is the purpose of the Social Security Administration?
To provide income to people who are unable to work because of old age or disability
The New Deal lasted from 1933 until approximately 1939, with some aspects continuing until the U.S. entered _____________ in 1941-1942.
World War II