The Great Depression and New Deal

What was FDR's first step that he used to fix the banks in the US?

• Created the emergency banking relief bill
• Created the federal deposit insurance corporation
• Created a mandatory bank holiday to inspect all banks
• created legislation that made stricter rules for banks

Which of the following is not something that happens when an economy worsens?

• Businesses slow production
• Interest rates drop
• Unemployment increases

What was the Emergency Banking Relief Bill used by FDR to do?

• To fix all the bad banks that were in financial trouble
• To fix the problems farmers were experiencing that had led to the Dust Bowl
• To fix all the bad banks by making them pay money to the Federal Government
• To fix the Subsidy system that was given to bank owners

Which of the following was not a reason why our stock market crashed?

• Overproduction
• Margin
• High wages for workers
• Loan interest rates

Which of the following is not true about the pictured work program?

• They hired single young men
• They want to make sure another Dust Bowl never happened
• They worked on reforestation projects
• They built national and state parls

What year did the stock market crash?

• 1928
• 1929
• 1930
• 1941

How did the Agricultural Adjustment Administration work to stop the occurrence of another Dust Bowl?

• By teaching farmers mondern farming techniques
• By working to increase the usage of irrigation to prevent future droughts
• By paying a subsidy to farmers so they would not over farm
• By paying a subsidy to farmers so that they could afford better machinery to produce more crops

Which of the following correctly defines President Herbert Hoover's idea of Rugged Individualism?

• Even though Americas were self reliant they still needed government assistance
• Americans should invest heavily in gold which was a rugged/tough currency that would help the US get out of the Depression
• America was based on self-reliance and that Americans should help themselves instead of waiting on the government for assistance
• Americans needed to suffer through the Great Depressio because we needed to toughen up

What did the National Industrial Recovery Act do?

• It allowed workers to organize into Unions
• It created competition codes for business
• It created a method to police the stock market
• It created a community of relief farmers in Crossville, TN

What did the National Recovery Admistration do?

• It allowed workers to organize into Unions
• It created competition codes for business
• It created a method to police the stock market
• It created a community of relief farmers in Crossville, TN