The Great Depression and the New Deal

One impact of the New Deal was

• more governmental control over the economy

• laws to increase installment buying of expensive items by the middle class

• the way investors purchased shares of stock "on the margin"

• the opportunity to buy a new Ford Model T at a discounted price

The Great Depression had an impact on the American people in ways listed below, EXCEPT

• large numbers of people were without jobs

• large numbers of people registered to vote

• Farmers' incomes fell to low levels and many were forced to waste their crops instead of selling them

• large numbers of people were hungry and homeless due to bank and business failure

Below are causes of the Great Depression EXCEPT

• People over speculated on stocks, using borrowed money that they could not repay when stock prices crashed.

• The Federal Reserve failed to prevent the collapse of the banking system.

• President Herbert Hoover's refusal to leave office.

• High tariffs strangled (decreased) international trade.

An important achievement of this New Deal organization was the building of 650,000 miles of roads and highways. It also built schools, parks, and airports and employed artists, writers, and musicians.

• Tennessee Valley Authority

• Emergency Banking Act

• Civilian Conservation Corp

• Works Progress Administration

Franklin D. Roosevelt's wife, Eleanor, was known for

• speaking her mind publicly on social issues, including work with minorities.

• her work repairing damaged schools and roads in the American South

• becoming the only first lady to vote in a presidential election

• receiving the Nobel Peace Prize for literature.

The 3 main components of FDR's New Deal were Relief for the Unemployed, Economic Repair, and _______.

• Recognition of those lost to starvation

• Representation of a new America

• Reform to prevent another Depression

• Respect for bank policies and the Stock exchange

This New Deal program allowed money in banks to be insured so consumers lost no money.

• Federal Deposit Insurance Company

• Emergency Banking Act

• Fair Labor Standards Act

• Social Security Act

Which statement about Franklin D. Roosevelt's New Deal program is most accurate?

• Protective tariff rates increased.

• Social welfare programs were expanded.

• Government regulation of business was reduced.

• Government support of environmental conservation ended.

The Federal Deposit Insurance Corporation (FDIC) and the Securities and Exchange Commission (SEC), established during the New Deal, were important because they _______.

• increased the supply of money in the economy

• guaranteed loans to failing businesses and banks

• attempted to restore public confidence in financial institutions

• provided grants to unemployed workers

Much of the domestic legislation of the New Deal period was based on the idea that the federal government should _______.

• favor big business over labor and farming

• assume some responsibility for the welfare of people

• own and operate the major industries of the country

• require local communities to be responsible for social welfare programs