#6 - Great Depression

The purpose of the FDIC was to

• provide insurance on bank deposits and restore people's faith in the banking industry

• provide increased job opportunities through government jobs

• re-open the Stock Market with increased regulations and safety nets

• grant tax relief to citizens who deposit money in the bank

In the early 1930's, many communities of homeless Americans were referred to as "Hoovervilles" because President Herbert Hoover

• grew up in a poverty stricken area.

• provided food and clothing for the poor.

• guaranteed jobs to the unemployed.

• opposed direct federal aid for the unemployed.

Answer explanation

Remember, Herbert Hoover was against direct aid! He thought that giving people money without working for it would ruin their initiative to go out and work. Because he refused to hand out money, people blamed him for their economic problems.

Which event marked the end of the Roaring 20's and the started of the Great Depression in the 1930s?

• The election of Herbert Hoover

• The Stock Market Crash

• The Dust Bowl

• The Election of Franklin D. Roosevelt

Answer explanation

Even though the economic problems started before the stock market crash, this is the event where everyone started to really panic about the economy. Many stopped spending money, even emptying their bank accounts in favor of cash. This was a problem for businesses who depended on consumer purchasing, and also the banks who couldn't handle all of their depositors withdrawing their savings all at once.

Which New Deal organization provided electricity to the states in the south through the building of dams?

• Civilian Conservation Corps

• Works Progress Administration

• Tennessee Valley Authority

• Agricultural Adjustment Administration

President Hoover's philosophy that Americans must work harder to dig out of the depression.

• chicken in every pot
• rugged individualism
• Square Deal
• New Deal

President Franklin D Roosevelt issued a bank holiday in 1933 in order to

• repair the nation's banks in order to restore public confidence.

• punish banks for charging high interest rates.

• reduce the number of banks to a manageable number.

• give bank workers a few days off.

Answer explanation

After closing all banks, FDR went on the radio and told the public that once banks reopen, if your bank does open, that means it's safe to put your money in it. This was meant to restore confidence in the banks.

What was the time span of The Great Depression?

• 1929-1939

• 1929-1937

• 1929-1944

• 1929-1911

The New Deal worked on accomplishing 3 goals: bring relief to unemployed, improve the economy, and what else? 

• bring relief to unemployed
• ensure a depression would never happen again
• make sure citizens don't need to work to live
• redistribute wealth from the wealthy

The main idea of this political cartoon from the 1930's is that President Franklin Roosevelt

• used laissez-faire policies just like previous presidents.

• supported business owners more than workers.

• wanted the government to own the major industries and businesses in the US

• he helped those who were in need.

Answer explanation

FDR is shaking hands with a "common man", and he is thanking FDR for not forgetting him. The public needed a president that would fight for the common man and not the big businesses.

Which New Deal program employed young men to work on various projects to improve the country?

• Social Security Act
• Fair labor Standards Act
• Rural Electrification Act
• Civilian Conservation Corps