Unit 6 Great Depression

The Dust Bowl affected the Great Plains region of the U.S.A. Circle the Great Plains region.

How did stock market speculation help to lead to the Great Depression?

• Stock prices were over-inflated, leading to the crash of the stock market.

• Prices of farm products dropped to record lows.

• It led to a slow-down of international trade.

• People were afraid that banks were going to close and rushed to get their money out.

Which statement best describes how investment in the stock market during the mid-to-late 1920s contributed to the Great Depression?

• People who bought stocks on margin were unable to repay the loans.

• Government taxes on stock transactions made it difficult to repay investors.

• Financial institutions were not required to report earnings to stock investors.

• Foreign countries were not required to immediately pay stockholder earnings.

Which actions did the federal government to take to address the problem shown in the photograph? Select two answers.

• 1. Closed all banks temporarily

• 1. Eliminated taxes on big profits

• 1. Encouraged people to take their money out of banks

• 1. Limited the number of people who could visit a bank

• 1. Created insurance program to protect bank deposits

Which phrase correctly replaces the question mark in this diagram?

• Growth in consumer spending

• Increase in unemployment

• Growth of immigration

• Increase in minimum wage

The creator of this political cartoon was expressing his concerns about —

• the Senate confirmation hearings of Supreme Court nominee Clarence Thomas.

• 2. the U.S. declaration of war on Japan after the bombing of Pearl Harbor.

• 2. the expansion of executive power during the Great Depression.

• 2. the involvement of U.S. government officials in the Iran-Contra scandal.

How did the Great Depression affect American society?

• Demand for luxury goods increased, causing overproduction in manufacturing.

• Manufacturing wages increased, causing businesses to concede to labor union demands.

• The price of agricultural goods decreased, causing an increase in demand for farm labor.

• Businesses were forced to close, causing widespread unemployment.

In response to the national crisis posed by the Great Depression, the U.S. government —

• abandoned deficit spending as a remedy for economic downturns.

• dismantled financial regulatory agencies.

• assumed a principal role in protecting Americans' general welfare.

• decreased the number of federal entitlement programs.

People opposed President Franklin D. Roosevelt's 'court packing' efforts because they said it would –

• shift power from the states to the federal government.

• cause an imbalance of power of the three branches of the federal government.

• not allow people to elect judges.

• restrict individual rights.

Some of President Franklin D. Roosevelt's New Deal programs were declared unconstitutional when the Supreme Court that they--

• 1. required U.S. cooperation with foreign nations.

• 1. prevented equal access to the judicial system.

• granted privileges to religious organizations.

• infringed on powers reserved to the states.