Great Depression and New Deal

Which of the following is NOT a cause of the Great Depression?

• Overproduction and low wages

• Buying stocks on the margin

• High tariffs restricting trade

• High income taxes

What was President Herbert Hoover's response to the Great Depression?

• He believed "rugged individualism" would eventually fix the economy

• He created mass welfare

• He increased infrastructure to create jobs

• He violated his policy of laissez-faire

Which New Deal organization created jobs by encouraging national park projects?

• Civilian Conservation Corps

• Federal Deposit Insurance Corporation

• National Recovery Administration

• Agricultural Adjustment Act

The purpose of the FDIC was to

• provide insurance on bank deposits and restore people's faith in the banking industry

• re-open the Stock Market with increased regulations and safety nets

• provide increased job opportunities through government jobs

• grant tax relief to citizens who deposit money in the bank

Which of the following is NOT a long-term impact of FDR's New Deal?

• Provided relief to Americans and increased political participation from the working classes

• Reformed the economy with a "safety net" for economic crises

• Recovered the economy with programs to bring it back to normal levels

• Removed private ownership of major industries in favor of state ownership

What is the significance of FDR's "court-packing" plan?

• He successfully increased his influence over the Supreme Court

• The Supreme Court came to pass all New Deal policies

• Congress upheld the separation of powers and shut down FDR's plan

• Congress granted FDR total control over the federal government, creating uproar among the American people

Which event marked the end of the Roaring 20's and the started of the Great Depression in the 1930s?

• The Election of Herbert Hoover

• The Stock Market Crash

• The Dust Bowl

• The Election of Franklin D. Roosevelt

Between 1929 and 1932, unemployment in the US:

• dropped from about 25% to 5%

• rose from about 5% to about 25%

• remained at about 5%

• rose only slightly from about 5% to 9%

What did the 1935 Wagner Act do?

• guaranteed workers the right to unionize and bargain collectively

• established the first minimum wage

• provided a modest benefit for older Americans and the unemployed

• allowed the president to appoint additional Supreme Court justices

What is the goal of the Security Exchange Commission (SEC)?

• regulate the stock market and fight against fraud

• insure bank deposits and restore confidence in banking

• establish public works projects to provide jobs

• purchase and restructure Americans' mortgages