Great Depression EOC Review

Which was an effect of the Great Depression on the American economy?

• high unemployment and overproduction

• large business investments and low taxes

• too much money in circulation and high stock prices

• high unemployment and falling real estate values

Which was a guiding principle of New Deal economic policies?

• "Rugged individualism" will end social inequality.

• Government must assume greater responsibility for helping the unfortunate.

• Pro-business tax breaks would solve the problems of the Depression.

• Antitrust legislation could destroy the free enterprise system.

What was a major cause of the Great Depression?

• prior overproduction of manufactured goods

• a decrease in the supply of consumer goods

• an increase in demand for imported products

• an increase in the price of wheat on the world market

The New Deal changed American political thinking because it was based on the principle that the

• economy will fix itself if left alone

• federal government should attempt to solve social and economic problems

• political parties must work together to deal with national problems

• states should take leadership position in solving social issues

What was Roosevelt's goal in creating the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC)?

• stimulate economic growth

• increase the government's tax revenue

• provide jobs for the unemployed

• restore the public's faith in financial institutions

Which economic factor contributed directly to the start of the Great Depression?

• low worker productivity

• decreasing tariff rates

• high income taxes

• buying stocks on margin

"The tools of government which we have in 1933 are outmoded. We have to forge new tools for a new role of government in a democracy-a role of new responsibility for new needs and increased responsibility for old needs, long neglected."

---Franklin D. Roosevelt

Why did President Roosevelt make this statement?

• to support a renewal of laissez-faire economics

• to secure aid for democratic countries in Europe

• to justify an increase int he number of Supreme Court Justices

• to explain his New Deal programs

Most conservatives who opposed President Franklin D. Roosevelt's policies believed that the New Deal was

• endangering the free enterprise system (our economic system)

• threatening national security

• ignoring problems faced by rural Americans

• failing to enact needed social welfare reforms

The "dust bowls" described by John Steinbeck in the Grapes of Wrath had the greatest impact on

• residents of urban slums

• plantation owners in the rural south

• workers in factory sweatshops

• farmers on the Great Plains

What was the main intent of the Mexican Repatriation Act?

• to send Mexican-American immigrants back to Mexico

• to encourage Mexican-American immigrants to work in the United States

• to eliminate discrimination against Mexican-Americans in the United States

• to grant citizenship to Mexican-Americans living in the U.S. for 5 years