Chapter 23 TEST

 

Situation in which the supply for a manufactured good exceeds the demand.

• Under consumption

• Regulations

• Overproduction

Buying products with money loaned from a bank; Makes it possible to buy expensive items without saving up for them.

• Finance

• Credit

• Debit

 

When a large number of people began selling most of their stock; Caused panic & more people began selling their stock.

• Stock Market Crash of 1929

• Economic downturn

• The Great Recession

 

Won the election of 1932 & began his New Deal programs to try & solve the problems of the Great Depression:

• Herbert Hoover

• Franklin D. Roosevelt

• Barak Obama

• Teddy Roosevelt

A series of programs aimed at providing relief, recovery, & reform during the Great Depression:

• League of Nations

• Wilson's 14 Points

• New Deal

Check all that apply: which were signals that the U.S. economy was in trouble in the late 1920’s?

• Mining, railroads, and clothing manufacturing were in decline.

• Americans were buying stocks on margin paying more for stocks than companies were really worth.

• The stock market rose at a steady rate keeping pace with the value of companies.

• Farmers were unable to pay back debts from WWI

 

What was the purpose of the Bank Holiday?

• Roosevelt hoped to cut down the number of banks by closing them down one by one.

• Roosevelt wanted to stop the epidemic of bank closings and restore confidence in banking

• Roosevelt wanted to make sure the banks could insure a depositors money up to $2,500.

• Roosevelt wanted to give the banks enough time to raise money to pay for the CCC.

Which president created the New Deal programs?

• Richard Nixon

• Teddy Roosevelt

• Franklin Roosevelt

• Abraham Lincoln

What nickname was given to the shantytowns?

• Hoovervilles

• Roosevelt-villes

• Lincolnvilles

• Nixonvilles

What was the WPA?

• The Works Progress Administration

• The Works Progressive Administration

• The Worker's Probation Administration

• The Worker's Protected Administration