The Great Depression (Hoover and FDR)

President Hoover opposed direct federal relief to the unemployed because he believed

• only state and city governments should dole out relief.

• federal relief would only shorten the Depression.

• charities could provide sufficient relief.

• individuals were not capable of taking care of themselves.

During the stock market crash of October 1929, prices were driven down by

• banks being forced to close.

• companies being forced out of business.

• the government intervening in the market.

• investors selling stocks at a frenzied pace.

During the Great Depression, when a bank collapsed,

• depositors lost their savings.

• depositors were repaid if their accounts were insured.

• the government covered the bank’s debts.

• the government stepped in to run the bank.

During the Hoover Administration, the Federal Reserve contributed to a worsening economy by

• keeping interest rates low.

• lending to foreign companies.

• keeping interest rates high

• investing in the stock market

According to the chart above, one cause for the decline in sales of automobiles in the years leading up to the Great Depression was

• declining demand for oil.

• increased unemployment.

• a loss of demand due to high sales of the 1920s

• the growing industry.

Our greatest primary task is to put people to

work. This is no unsolvable problem if we face it wisely and courageously. It can be accomplished in part by direct recruiting by the Government itself, treating the task as we would treat the emergency of a war,

Who said the above quote?

• Secretary of Treasury Andrew Mellon

• President Herbert Hoover

• President Franklin Roosevelt

• An individual discussing living in a Hooverville

"Today we are on the verge of financial panic and chaos. Fear for the policies of the new administration has gripped the country. . . . Hoarding of currency, and of gold, has risen to a point never before known"

Who said the above quote

• Secretary of the Treasury Andrew Mellon

• President Herbert Hoover

• President Franklin Roosevelt

• An individual discussing their experiences living in a Hooverville

Franklin Roosevelt's solution to the Great Depression was known as:

• The Brain Trust

• The New Deal

• Fireside Chats

• First 100 Days

How did the government pay for the alphabet agencies?

• Charging a high tariff

• Collecting more taxes on farmers

• Suspending the collection of taxes

• Deficit spending

What is the 21st Amendment?

• Pays farmers to destroy their farm products

• Gives a government guarantee of a job

• Repeals prohibition

• Gives retired individuals an old age pension