Causes of Great Depression and FDR's New Deal

Which of the following was not a cause of the Great Depression

• Stock market crash

• Unpaid debts from fighting WWI

• Banks make loans that borrowers cannot pay back

• Factories and farms produce more goods than people can buy

People who could no longer afford to live in their homes were forced to live in cardboard shacks that they build in public parks. What were these shacks called?

• Shantyshacks

• Tenement Housing

• Town Homes

• Hoovervilles

Who was the President of the US when the stock market crashed and the Depression began?

• Theodore Roosevelt

• Herbert Hoover

• Franklin D Roosevelt

• William McKinley

Which economic factor contributed most directly to the start of the Great Depression?

• low worker productivity

• high income taxes

• decreasing tariff rates

• buying stocks on margin

Which present day institution was created during the Great Depression to provide elderly citizens income help?

• Securities and Exchange Commission

• Social Security Administration

• Federal Deposit Insurance Corporation

• Federal Housing Administration

What was the bank run?

• A 5k run sponsored by the big banks

• People wanting to give as much money as possible

• Banks running out of paper

• Americans withdrawing all of their money from the banks

The purpose of the TVA (Tennessee Valley Authority) was

• to insure bank deposits in the United States.

• to provide job opportunities in national parks.

• to reduce farm surpluses and raise agricultural profits.

• provide electrical power to an underdeveloped region of the U.S.

What were two basic causes of the Dust Bowl during the early 1930s?

• strip mining and toxic waste dumping

• over farming and severe drought

• clear-cutting of forests and construction of railroads

• overpopulation and urban sprawl

Overproduction and underconsumption factored into causing the Great Depression by

• causing falling prices on goods.

• forcing a decrease in mechanization.

• leading to more spending than saving.

• scaring farmers into growing fewer crops.

An obvious defect in the United States' banking system that was exposed during the Great Depression was

• excessive government regulation of banks.

• the federal government's ownership of banks.

• an excessive amount of currency in circulation.

• the lack of protection for funds deposited by individuals in banks.