Great Depression Review (Book)

Which factor best explains the decline in the number of bank failures by 1937?

• New banking laws restored public confidence in banks.

• Most people were too poor to have any bank savings.

• The government was now operating all of the nation's banks.

• Most Americans transferred their savings to foreign banks.

Which was an effect of the Great Depression on the American economy?

• high unemployment and overproduction

• large business investments and low taxes

• too much money in circulation and high stock prices

• high unemployment and falling real estate values

Which was a guiding principle of New Deal economic policies?

• "Rugged individualism" will end social inequality.

• Government must assume greater responsibility for helping the unfortunate.

• Pro-business tax breaks would solve the problems of the Depression.

• Antitrust legislation could destroy the free enterprise system.

The New Deal changed American political thinking because it was based on the principle that the —

• economy will fix itself if left alone

• federal government should attempt to solve social and economic problems

• political parties must work together to deal with national problems

• states should take a leadership position in solving social issues

What problem were both the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) developed to address?

• excessive stock market speculation

• high unemployment

• increased use of credit

• limited income of senior citizens

What was Roosevelt's goal in creating the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC)?

• stimulate economic growth

• increase the government's tax revenue

• provide jobs for the unemployed

• restore the public's faith in financial institutions

Based on the map, which region of the United States suffered most directly from the Dust Bowl?

• Southwest

• Pacific Northwest

• Rocky Mountains

• Great Plains

The major migration routes of the dispossessed farmers were to the —

• Far West

• Northeast

• Great Plains

• along the Mississippi River

"The tools of government which we have in 1933 are outmoded. We have to forge new tools for a new role of government in a democracy — a role of new responsibility for new needs and increased responsibility for old needs, long neglected."

— Franklin D. Roosevelt

Why did President Roosevelt make this statement?

• to support a renewal of laissez-faire economics

• to secure aid for democratic countries in Europe

• to justify an increase in the number of Supreme Court Justices

• to explain his New Deal programs

Most conservatives who opposed President Franklin D. Roosevelt's policies believed that the New Deal was —

• endangering the free enterprise system

• threatening national security

• ignoring problems faced by rural Americans

• failing to enact needed social welfare reforms