Great Depression & New Deal

What was one cause of the Great Depression?

• high wages paid by employers

• increases in tax rates for corporations

• excessive speculation in the stock market

• government restrictions on money circulation

For the partial outline above, which heading would be the most appropriate?

• Causes of the Great Depression

• Features of a Stock Market

• Factors for World War II

• Monopolistic Business Practices

Which New Deal program was chiefly designed to correct abuses in the stock market?

• Social Security Act (SSA)

• Securities and Exchange Commission (SEC)

• Works Progress Administration (WPA)

• Civilian Conservation Corps (CCC)

The power of labor unions increased during the New Deal mainly because ___________________________.

• new spirit of cooperation between employers and government

• shortage of skilled and unskilled laborers developed

• of the creation of the Avengers union to increase labor hours

• federal legislation guaranteed labor's right to organize and collectively bargain

Which of the following is NOT one of the 3 Rs that the New Deal was based on?

• Reform

• Remodel

• Recovery

• Relief

The Tennessee Valley Authority was a New Deal program which put people to work _______________________________.

• to create cheap hydroelectricity from dams

• to construct public buildings

• in school, hospitals, and libraries

• to maintain the nation's forests

What happened to people's money in their savings account during the Great Depression?

• Their money increased in value.

• The banks stole their money.

• People lost everything due to bank closings.

• Uncle Sam transferred it to offshore accounts.

What were three impacts of the Great Depression?

• confidence in stock market, boom in real estate

• soup kitchens, unemployment, Hoovervilles

• national debt decreased, stable financial institutions, unions

• prohibition, renaissance, jazz age

What did FDR mean by "relief, recovery, and reform?"

• Hoovervilles and Hoover Dam

• Dust Bowl and Okies

• foreclosures and unequal redistribution of wealth

• provide jobs to unemployed and stabilize economy (CCC, FHA, TVA, FDIC)

The effectiveness of the New Deal in ending the Great Depression is difficult to measure because:

• FDR died during his 4th term

• U.S. involvement in WWII accelerated economic growth

• Supreme Court declared most New Deal laws unconstitutional

• Later presidents failed to support many New Deal reforms