Great Depression/New Deal

What was one result of the creation of the Civilian Conservation Corps (CCC) during the 1930s?

• State governments took over the responsibility of protecting minority rights

• The federal government was no longer responsible for protecting natural resources.

• State governments could no longer control their budgets

• The federal government provided aid to people suffering from unemployment.

4 How does the Federal Deposit Insurance Corporation (FDIC) continue to affect U.S. citizens?

• By regulating loans made to investors who buy stocks on margin

• By changing interest rates to prevent people from paying higher prices for goods

• By providing financial assistance to elderly people who are retired

• By protecting the savings of bank customers during an economic crisis

Which reason correctly replaces the question mark on this list?

• Decrease in interest rates

• Failure of banks

• Outsourcing of manufacturing jobs

• Outbreak of a global war

Which statement best describes how investment in the stock market during the mid-to-late 1920s contributed to the Great Depression?

• People were unable to repay the loans used to purchase stocks.

• Government taxes on stock transactions made it difficult to repay investors.

• Financial institutions were not required to report earnings to stock investors

• Foreign countries were not required to immediately pay stockholder earnings.

Which New Deal program still in existence today provides an income for retired people?

• Social Security Administration

• Securities and Exchange Commission

• Federal Deposit Insurance Corporation

• Farm Credit Administration

President Franklin D. Roosevelt proposed an increase in the number of Supreme Court justices because the Court ruled against —

• the gold standard

• some New Deal programs

• internment camps

• some rationing programs

Which statement best explains one effect of the New Deal?

• The federal government took control of public education and universities.

• Corporations had to obtain permission from state governments before hiring workers.

• Labor unions had to provide justification to state governments before conducting strikes.

• People relied more on the federal government for assistance.

What was one factor that helped turn the Great Plains into the Dust Bowl in the 1930s?

• Paying farmers to plant native grasses

• Increased demand for tobacco after World War I

• Numerous tornadoes occurring in the region

• Intense drought in the region

Which statement best explains how bank failures contributed to the Great Depression?

• People lost their savings because the government did not insure bank deposits.

• Business could not be done when President Franklin Roosevelt declared a bank holiday

• The interest rates on bank loans were too high.

• Foreign investors did not invest enough in U.S. banks.

How did the creation of the Federal Deposit Insurance Corporation change the nature of banking in the United States?

• The government began to guarantee bank deposits.

• Depositors could transfer investments without penalties.

• Depositors were guaranteed minimum interest rates on savings accounts.

• The government required taxpayers to open savings accounts.