Great Depression and New Deal

Which of the following is the most valid statement regarding the long-term economic effects of the Great Depression?

• The government placed fewer restrictions on large corporations

• The role of the federal government was expanded

• The government reduced its dependence on foreign trade

• The American people had greater confidence in the nation’s economic leadership

What was the name of FDR's plans and programs designed to meet the needs and problems of the Great Depression?

• New Deal

• Great Deal

• Social Security

• the New Liberalism

Shantytowns were often called “Hoovervilles”. Why?

• many people blamed President Hoover for the Great Depression
• many people loved President Hoover so they named their neighborhoods for him
• people were proud to be an American
• people lived in a city called Hoover 

What is the purpose of the Social Security program?

• to provide money to those who can’t work due to unemployment or the elderly.
• to regulate trading on Wall St. 
• to restore confidence in the banking system and prevent runs on the banks. 
• to provide men with jobs building parks and planting trees

What were president Roosevelt’s three goals for the programs of New Deal?

• review, resend, reject
• encourage, enlighten, elevate
• relief, recovery, reform
• review, relief, relax

What was one factor that led to the Great Depression?

• government limitations on the amount of money in circulation

• increases in the tax rate for corporations

• excessive speculation in the stock market

• high wages paid by employers

This is the reason why WWI veterans marched on Washington, DC

• Bank failures across the country

• To get their WWI bonuses early

• Complaints over the Dust Bowl

• Loss of money on the Stock Market

FDR and his advisers favored

• promoting competition and small businesses

• breaking up trusts and other monopolies

• laissez faire policies and little government intervention

• direct government intervention in the economy

The purpose of FDR's "fireside chats" were to...

• convince the public to support the Reconstruction Finance Corporation

• Encourage farmers to grow more crops

• Restore public confidence and optimism throughout the nation

• Encourage Americans to volunteer for military service

Most economists agree that a key cause of the Great Depression was

• oversupply

• overproduction

• inflation

• deflation