The Great Depression

FDR's plan to fix the American Economy was called:

• The New Deal
• Reaganomics
• Economic Injection
• The "band-aid" Solution

This president was blamed for not doing enough during the Great Depression, so much so that shanty towns were named after him

• Hoover
• Roosevelt
• Wilson
• Polk

When people went to the banks to get out their savings

• the banks had loaned the money so they could not give it back.

• the banks gave everyone their money.

• new money was printed.

The New Deal brought people's faith back into the banking system and created jobs by:

• having a bank holiday and deposit insurance.

• job programs such as the CCC and WPA

• helped with unemployment.

• All of the above

In the fall of 1929. the stock market

• prospered.

• crashed.

• began.

Social Security taxes are used to provide people with a _____________ when they retire.

• job

• penison

• plan

What was the concern with credit?

• Interest rates on loans were too high. 
• Banks required an application to get a loan.
• People did not know where to get a loan. 
• People could not make payments on loans.

When did the Stock Market crash?

• 1919
• 1929
• 1985
• 1829

When people could not pay back their loans ___________. 

• banks forgave them
• banks loaned more 
• banks raised the interest rate
• banks closed

Who was the president during the beginning of the Great Depression?

• Woodrow Wilson
• Franklin Roosevelt
• Herbert Hoover
• Jimmy Carter