Great Depression & New Deal

Franklin Roosevelt's immediate response to the banking crisis after becoming president was to

• declare a bank holiday that closed banks in the US for several days
• nationalize the banks to ensure they were following federal regulations
• establish the Federal Reserve to reduce the possibility of another bank emergency
• borrow money from foreign banks to support the US banking industry

Social Security was a New Deal program designed to

• foster the growth of trade unions
• promote recovery through economic development
• give direct aid to American businesses
• provide a minimum retirement income

What New Deal program employed large numbers of artists and writers during the Great Depression?

• National Recovery Administration (NRA)
• Agriculture Adjustment Administration (AAA)
• Works Progress Administration (WPA)
• National Youth Administration (NYA)

How did New Deal programs and policies change the role of the federal goverment in domestic affairs?

• States were given the exclusive power to implement relief programs for employment
• The federal government expanded its role by providing for the welfare of its citizens
• The federal government implemented new security procedures by interning suspected traitors and spies
• States were granted authority to regulate businesses within their boundaries

The economic depression of the 1930s was ended by the

• demand for manufactured goods caused by WWII
• effects of the New Deal on  the United States economy
• removal of federal regulations on the stock market
• "baby boom" and the resulting rise of suburbs

Which factor contributed to the stock market crash of 1929?

• overspeculation
• government regulation of big business
• decreased investment in business
• increased agricultural prices

Which economic policy did President FDR use to respond to the Great Depression?

• supply-side
• laissez-faire
• deficit spending
• global interdependence

After the Supreme Court ruled that several New Deal programs were unconstitutional, how did FDR try to influence future decisions of the Court?

• by asking important congressmen to start impeachement charges against several court justices
• by appointing a new chief to the Supreme Court
• by paying bribes to several justices
• by trying to increase the number of justices

FDR's New Deal was based on the three Rs. Which of the following is not one of the three Rs?

• Relief
• Recovery
• Reform
• Restitution

Which weakness in the American economy of the 1920s contributed to the Great Depression

• high taxation kept consumer spending at a low leverl
• the richest Americans speculated in the stock market
• easy access to credit allowed many Americans to spend more than they earned
• businesses were unable to find enough skilled workers to operate new production machinery