(1/27) REVIEW - Ch. 10: Lesson 1 - PART 2 (The First New Deal)

True or False: Within FDR's first 100 days as president, several major acts of legislation were passed to try and resolve the economic crisis of the Great Depression.

• TRUE

• FALSE

True or False: FDR intentionally chose economic/political advisors that DISAGREED with each other so that he (FDR) could hear multiple points of view/ideas to help improve conditions caused by the Great Depression.

• TRUE

• FALSE

(Select ANY that apply OR best answer) Which of the following were ideas given to FDR that would, according to those that shared them, help end the Great Depression?

• working with businesses to regulate wages, prices, and production

• distrust of big business leading to the belief that government should regulate key parts of the economy

• break up big companies and allow competition to set wages, prices, and production - requires some government regulation

• ALL of these

After taking office, FDR's major focus was on restoring the stability of and American public's confidence in... (hint: these affected the vast majority of Americans)

• small businesses

• schools

• banks

• the stock market

In 1932, FDR began addressing the American public directly via radio broadcasts in order to explain his goals and attempt to provide some calm to families during the Great Depression. What were these broadcasts called?

• New Deal Dialogue

• Radioside Chats

• Fireside Chats

• State of the Union Addresses

TRUE or FALSE: Another major focus of FDR early on in his presidency was to push new regulations for the stock market and banks - he did so by establishing the SEC and FDIC.

• True

• False

The purpose of the SEC, or Securities and Exchange Commission, was to...

• regulate the stock market and stop fraud

• provide government insurance for bank deposits

The purpose of the FDIC, or Federal Deposit Insurance Organization, was to...

• regulate the stock market and stop fraud

• provide government insurance for bank deposits

True or False: During the Great Depression, many Americans had cut back on spending to make sure they could pay their mortgages...

• True

• False

What was the purpose of the Home Owners' Loan Corporation & the Farm Credit Administration (FCA)?

• attempt to ease Americans' fears of losing either their homes or farms

• buy out or restructure mortgages/loans of financially struggling families

• provided loans to farmers and refinancing on loans

• ALL of these