Great Depression/New Deal

What was one factor that led to the Great Depression?

• government limitations on the amount of money in circulation
• increases in the tax rate for corporations
• excessive speculation in the stock market
• high wages paid by employers

What was one economic consequence of President Franklin D. Roosevelt’s New Deal?

• Bank deregulation 
• Major industries were nationalized.
• Balanced budgets became the model for economic stability.
• The role of the federal government in the economy expanded.

A major difference between the philosophies of President Herbert Hoover and President Franklin D. Roosevelt in responding to the Great Depression is that Roosevelt

• wanted to rely on private charities to provide assistance
• stressed the need for individual self-reliance
• supported direct relief to people out of work
• thought the government should not be involved in economic reform

An important factor contributing to the start of the Great Depression in the United States was the

• uneven distribution of wealth
• increase in military spending
• reduction of tariff rates
• failure to maintain the gold standard

The election of Franklin D. Roosevelt to the Presidency in 1932 reflected the desire of many Americans to

• return to a policy of laissez-faire
• abandon capitalism in favor of socialism
• continue the domestic policies of the Hoover administration
• have government take an active role in solving economic problems

The situation shown in this photograph occurred in which region?

• Ohio River valley
• Great Plains
• Rocky Mountains
• Northeast

FDR passed more legislation in the First ______ than most presidents do in two years

• 50 days
• 75 days
• 100 days
• 150 days

Passage of the Social Security Act (1935) helped American workers by

• creating jobs for the unemployed
• providing financial assistance after retirement
• guaranteeing a minimum wage
• legalizing the right to join labor unions

Opponents of the New Deal criticized President Franklin D. Roosevelt for

• expanding the role and size of the federal government
• permitting banks to operate without government regulation
• weakening the executive branch
• reducing spending to balance the budget

In the 1930s, the enactment of New Deal programs demonstrated a belief that

• corporations were best left to operate without government interference
• state governments should give up control over commerce inside their states
• the Federal Government must concern itself with the people’s economic well-being
• the United States Constitution was not relevant to 20th-century life