Roaring 20s Notes VIII

What was the primary belief of Herbert Hoover and most Republicans regarding government intervention in the economy?

• Government should not play a role in the economy
• Government should control all economic aspects
• Government should provide unlimited financial support
• Government should regulate every industry

What percentage of the working population was unemployed by 1933 as a result of the Stock Market Crash?

• 1/2
• 1/4
• 3/4
• 1/3

What was the purpose of the Hawley-Smoot Tariff implemented by Hoover?

• Raise tariffs
• Lower tariffs
• Eliminate tariffs
• Stabilize tariffs

What event occurred on October 24, 1929, that signaled the beginning of the Stock Market Crash?

• A gradual decline
• A minor crash
• A major rally
• A significant boom

What was the general public perception of Hoover's approach to the economic crisis?

• Extremely popular among the wealthy
• Highly relatable to all citizens
• Out of touch with life for Americans
• Deeply connected to the working class

How was Hoover perceived by the public during the crisis?

• Not caring about the people
• Popular among all social classes
• Highly compassionate towards the people
• In touch with life for Americans

What was the nickname given to the slums where the homeless lived during Hoover's presidency?

• Roosevelt Residences
• Eisenhower Estates
• Hoovervilles
• Truman Towns

How did the Stock Market Crash impact the banking sector by 1933?

• Banks were nationalized
• All banks were thriving
• 6,000 banks had failed
• No banks had any issues

What was the main goal of the Federal Farm Board established by Hoover?

• Increase farm subsidies
• Lower farm production
• Nationalize all farms
• Create farm cooperatives to raise prices

What action did Hoover take to provide work for Americans during the economic crisis?

• Cut funding for public works projects
• Implemented strict austerity measures
• Raised taxes on the wealthy
• Started the Hoover Dam project