The Great Depression and American Economic System

Prior to the Great Depression, serious problems in the American economic system were _______.

• the result of New Deal programs that focused on assisting farmers

• concealed (hidden) by the optimism and prosperity of the 1920's

• solved by high tariffs (taxes) passed by Congress

• created by new laws that established a minimum wage for workers

Which of the following was most responsible for the collapse of the banking system prior (before) the Great Depression?

• Many Americans farms were destroyed by the Dust Bowl.

• People used borrowed money to invest in the stock market.

• New Deal programs created jobs for unemployed Americans.

• Social Security began providing retirement and disability assistance

Who failed to prevent the banks from closing?

• President Herbert Hoover

• Federal Reserve

• Department of the Treasury

• New York Stock Exchange

Congress raises tariffs (taxes on imported goods) that leads to an ______?_____. Which of the following would best replace the "?"

• World trade decreases by 40%

• Many new jobs were created

• Stock Market Crash of 1929

• stock prices increased dramatically

Which of the following events revealed the weakness of the American banking system just prior (before) the Great Depression?

• The Stock Market Crash of 1929

• High Tariffs (taxes) passed by Congress

• The Dust Bowl

• The creation of social security

25% of workers lost their jobs, Many banks and businesses failed, Hungry and homeless people went to bread lines and soup kitchens. Which of the following would be the best title for a chart with these items?

• Results or Impact of the Great Depression

• Causes of the Great Depression

• issues solved by the Federal Reserve

• Problems created by the New Deal

If there is a picture of a few people walking by a sign that reads: "Jobless men keep going. We can't take care of our own. " The picture above is an example of how __________.

• the Great Migration impacted many northern cities

• Americans were impacted by the Great Depression

• Prohibition impacted many communities

• the New Deal made jobs for many Americans

Government programs to help the country during the Great Depression were known as the __________.

• New Deal

• Federal Reserve

• high tariffs

• 18th Amendment

Social security is best described as __________?

• work programs that focused on building roads, bridges, schools, and airports.

• federal insurance that protected money deposited in American banks

• laws that increased the rights for workers, including the establishment of a minimum wage

• government payments for people faced with unemployment, retirement, or disability

Roosevelt's New Deal can be described as: Farm assistance programs and environmental improvement programs and _________?_________. Which of the following would not correctly complete the description?

• fixing national parks

• High Tariffs

• Federal Work Programs

• worker's rights