Great Depression and New Deal

Unlike Hoover, FDR believed in offering unemployed and needy individuals direct

• margins

• relief

• speculation

• foreclosure

Which of the following was/were an impact of the Social Security Act? (SELECT ALL THAT APPY)

• Insurance for the unemployed

• Disability support for those unable to work

• A retirement pension for the elderly

• Immediate recovery to people and financial aid

The Agricultural Adjustment Administration tried to assist farmers by

• paying them to grow more crops

• buying farm surpluses

• making land available for farming

• paying them not to grow crops

To regulate the stock market, the Roosevelt Administration created the

• Federal Trade Commission

• Securities and Exchange Commission

• National Recovery Administration

• Social Security Administration

FDR and his advisers favored

• promoting competition and small businesses

• breaking up trusts and other monopolies

• laissez faire policies and little government intervention

• direct government intervention in the economy

The Emergency Banking Relief Act helped solve the banking crisis by

• putting all banks under permanent government operation

• declaring that the gold standard would not be adandoned

• issuing licenses to banks that federal examiners found to be financially sound

• closing banks long enough for the Federal Reserve to replenish their gold reserves

The purpose of the Reconstruction Finance Corporation was to

• regulate the stock market

• manage public works projects

• make loans to banks, large businesses, and railroad companies

• administer public assistance programs for unemployed and homeless individuals

In the 1920's, tariffs like the Hawley-Smoot tariff restricted foreign demand for American manufactured goods. Why were these tariffs implemented?

• Hoover refused to allow foreign imports into the country

• It was a provision of the Treaty of Versailles

• It made U.S. goods cheaper than foreign imports

• It was a constitutional requirement

To fight the Depression, Roosevelt believed the first step was to (WHAT DID HE DO FIRST)

• provide direct relief to people

• set up public works programs

• restore confidence in the banks

• provide relief for farmers

Which New Deal program provided power and flood control specifically to those in the South?

• Civilian Conservation Corps (CCC)

• Tennessee Valley Authority (TVA)

• Agricultural Adjustment Act (AAA)

• Civil Works Administration (CWA)