Chapter 7 AH

Federal Deposit Insurance Corporation (FDIC)

• Insured deposits in individual bank accounts

• Lent money to homeowners to refinance their mortgages

• Refinanced loans to keep farmers from losing their land

• Gave the executive branch the right to regulate banks

Which of the following not true about the Townsend Plan?

• Each retired person over 60 would receive $200 a month

• It was a plan to stimulate the economy

• They were required to spend money

• They were forced to put money in stock market

The famous line “The only thing we have to fear is fear itself” was spoken by

• Will Rogers

• Eleanor Roosevelt

• Franklin D. Roosevelt

• Warren G. Harding

The Second New Deal aimed to

• Slow down legislative activity

• Relax controls over business

• Lower taxes on the rich

• Do more for ordinary Americans

Roosevelt wanted to reform the Supreme Court because he believed the nine judges of the Court were

• Wanted change too fast

• Not supportive enough of his New Deal programs

• Against older citizens

• Too progressive

FDR caused the most opposition when he

• Attempted to “pack” the Supreme Court

• Refused to use the militia against the General Motors strike

• Used WPA funds for the arts

• Failed to balance the budget

Roosevelt’s “fireside chats” were

• Private meetings

• Public rallies

• Radio broadcasts

• Television broadcasts

During the Depression, many African Americans

• Moved back to the south to return to sharecropping

• Were the last to be hired, first to be fired

• Moved back to Africa

• Took high paying jobs in factories

Shantytowns were also called ____________________.

• Hoovervilles

• Lincolnvilles

• Teddyvilles

• Harrisonvilles

Throughout most of the 1920's, Americans were generally

• delighted the wealth was evenly distributed

• worried that the stock market would crash

• concerned with the economic danger signs

• confident that business would bring continued prosperity