Great Depression

What was President Herbert Hoover's response to the Great Depression?

• He believed "rugged individualism" would solve the economy

• He created mass welfare

• He increased infrastructure to create jobs

• He violated his policy of laissez-faire

Which President created the New Deal?

• Ellis Arnall
• Herbert Hoover
• Eugene Talmadge
• Franklin D. Roosevelt

The ____________________ created a means for retired and disabled Americans.

• The Welfare Act
• The Social Security Act
• The New Deal
• The CCC

Which of the following statements best describes what happened on Black Tuesday?

• Stock prices fell and the stock market crashed.
• Bank runs forced many banks to close their doors.
• Federal troops attacked the Bonus Army marchers.
• The Supreme Court ruled that the NRA was unconstitutional.

A way of borrowing money from a bank or finance company so that you can have what you want and pay for it later. Also called "installment buying"

• Speculation 
• Buying on Credit 
• Buying on Margin 
• Overproduction 

Select the long term causes of the Great Depression

• Uneven distribution of wealth

• Underconsumption

• Overproduction

• Easy credit = increase in individual debt

• All the above

After President Hoover failed to help the public, who ran for election on the slogan a New Deal for Americans?

• Franklin D Roosevelt

• Harry S Truman

• Calvin Coolidge

• Herbert Hoover

Who was president at the time of the Stock Market Crash of 1929?

• Franklin Roosevelt

• Calvin Coolidge

• Herbert Hoover

What was created to protect bank deposits up to $5,000?

• WPA
• CCC
• TVA
• FDIC

Many people lost their jobs during the Great Depression.  The national government responded with President Franklin Roosevelt's "New Deal," which

• provided programs to help people make money to provide for their needs. 
• helped reduce the national debt, providing more capital for businesses
• forced people to join the military forces to make money for their needs. 
• forced people to use charities to help them provide for their needs.