Great Depression Exam Review

List and Describe the three causes of the Great Depression. Select all that applies

• Overproduction

• Stock Market Crash

• Banks closed

• Increase in job opportunities

Describe the following parts of FDR's plan of Social Security

• Insures bank accounts up to $5000

• When the government takes money out of one's paycheck to help the retired & disabled

• Helped farmers by lowering supply

• Create public projects

Describe the FDIC

• Created public works

• Helped farmers by lowering supply crops

• Insures bank accounts up to $5,000

• When the government takes money out of one's paycheck

Describe the following parts FDR's plan; Agricultural Adjustment Act

• Helped farmers by raising crop prices by lowering production

• Insures bank accounts up to $5000

• Created public works projects

• When the government takes money out of one's paycheck to help the retired, disabled, etc

Describe the Works progress administration

• Insures bank accounts up to $5000

• Helped farmers by lowering the supply of crops

• Created public works

• When the government takes money out of one's paycheck to help the retired & disabled

Which was an important difference between the approaches of Franklin D. Roosevelt & Herbert Hoover towards the Great Depression?

• Roosevelt was unwilling to establish federal job programs

• Roosevelt didn't win congressional support

• Roosevelt caused the depression

• Roosevelt was more willing to use the powers of the federal government to tackle economic powers

The main significance of the John T. Scopes was that

• It highlighted the struggle between science and religion in American schools

• led to the repeal of a law that made teaching evolution illegal

• Outdoor setting allowed many Americans to see the justice system

• Ended career of William Jennings Bryan

Hoovervilles and Hoover Blankets showed that President Hoover...

• Was blamed for the suffering of the poor

• was seen as a role model

• Used the military to aid the unemployed

• Supported relief and public housing for the needy

The Smoot-Hawley Tariff of 1930:

• Set a low tariff which brought international trade to halt

• Set a high tariff which brought international trade to halt

• Increased the amount of income taxes people had to pay

• Helped to prevent the Great depression from becoming worse

What was the purpose of FDR's bank holiday of 1933?

• reinforce strict laws to punish banks by charging low interest rates

• reinforce strict laws to punish banks by charging high interest rates

• Restore public confidence in nation's banks

• encourage the nation's banks to loan more money to failing businesses