Great Depression Review

Great Depression Review

Multiple Choice

What conditions best characterize an economic depression?

• high wages and increased investments

• high unemployment and overproduction

• large business investments and high stock prices

• high employment and increased business opportunity

A cycle of reduced consumer spending and businesses decline lead to these characteristics. 

Multiple Choice

Most of Roosevelt's relief programs...

• directly gave sums of money to needy individuals and families

• required families to eventually repay the federal government

• were administered through local churches

• used government money to fund useful work projects

Some of those were the CCC, PWA and WPA 

Multiple Choice

The purpose of the Social Security Act was to...

• insure bank deposits

• produce an agency to monitor the stock market

• help older workers get jobs in New Deal programs

• provide a stable income for the elderly, disabled and unemployed

This is one of the reforms that still exists today 

Multiple Choice

The Dust Bowl had the greatest impact on...

• farmers who lived on the Great Plains

• the free enterprise system

• factory workers in urban areas

• large industries on the east coast

Many of these farmers lost their farms 

Multiple Choice

During the 1930s, shantytowns that were often called "Hoovervilles" sprang up across the U.S. as a result of President Hoover's policy of...

• government involvement

• isolationism

• rugged individualism

• banking reform

Hoover felt that federal government economic support should be minimal and many people blamed him for not doing enough.

Multiple Choice

Roosevelt used radio addresses called "fireside chats" to reassure Americans during the Great Depression.

• True

• False

These fireside chats helped communicate his optimism and programs

Multiple Choice

The New Deal reduced the federal government's role in the lives of Americans.

• True

• False

The federal government's role was expanded with the New Deal

Multiple Choice

The Federal Deposit Insurance Corporation (FDIC) was created to federally insure bank deposits.

• True

• False

This program gave people confidence against bank failures

Multiple Choice

What were two causes of the Dust Bowl during the 1930s?

• building of railroads and industrialization

• poor mining practices and toxic waste

• overpopulation and urban sprawl

• severe drought and over-farming

These factors along with heavy winds caused problems for farmers 

Multiple Choice

Which of the following contributed most directly to the stock market crash?

• increased international trade

• buying on margin and falling stock prices

• drought conditions and foreclosures

• a decrease in the supply of consumer goods

It was known as "Black Tuesday" when stock prices fell to all-time lows