The Great Depression

Critics who thought the New Deal went too far claimed which of the following?

• The government should nationalize the country's wealth and natural resources.
• The new laws gave the president too much authority.
• The enormous expansion of the federal government was a step toward communism.
• The cost of the new programs could bankrupt some businesses.

Businesses were hurt by the stock market crash because they

• lost their savings in failed banks and had to close or cut back.
• had lent money to foreign countries and were not paid back.
• had no workers to make goods.
• businesses were forced to cut back production but could not fire workers

Which group suffered the most in the Dust bowl?

• scientists
• unskilled laborers
• industrial workers
• farmers

Americans regained faith in banks after President Roosevelt signed the Emergency Banking Relief Act in law because the act

• allowed only healthy banks to remain open, so people had confidence in banks that passed the act's requirements.
• gave people the right to withdraw all their money without a penalty or waiting period.
• authorized the government to immediately deposit $1 billion in banks to guarantee peoples' deposits.
• required the federal government to pay back in full the customers of any bank that failed.

Herbert Hoover lost the election in 1932 mainly because Americans

• thought he would raise taxes.
• thought he would spend too much government money.
• lost confidence in him or blamed him for the Depression.
• worried about his priority on foreign poliicies instead of domestic issues

The TVA (Tennessee Valley Authority) is significant because it hired people to

• deliver food to poverty-stricken Dust Bowl residents.

• build dams and generators that provided electricity.

• work on farms to help stabilize agriculture.

• work in the automobile industry to increase mass production

What problems did President Roosevelt have with the Supreme Court?

• The court would not give him adequate funding for the New Deal programs.
• He directly accused the Supreme Court of causing the stock market crash.
• The court issued a series of ruling declaring many New Deal programs unconstitutional.
• He was not given the chance to nominate new Supreme Court justices.

Which of the following is a lasting effect of the New Deal?

• workplace safety
• clean air and water
• whisltblowers in corrupt corporations
• the protection of the savings of bank customers.

Which of the following best describes Black Tuesday?

• half a million workers lost their jobs
• Hoover lost the election.
• The stock market crashed.
• Over 2,000 banks closed.

People who could not afford to buy stocks at full price began ___________________, which means they bought the stock on credit with loans.

• buying on margin
• paying back loans