Great Depression 2024 FINAL

Businesses were hurt by the stock market crash because they

• Lost their savings in the failed banks and had to close or cut back

• Had lent their money to foreign countries and were not paid back

• Had no workers to make goods

• Were forced to cut back production but could not fire workers

Which group suffered the most in the Dust Bowl?

• Scientists

• Unskilled laborers

• Industrial workers

• Farmers

During WWI the United States overproduced crops because of an increased demand. After the war, the demand for crops

• Decreased

• Increased

• Stayed the same

Buying stocks on margin meant that

• Americans were worried the stock market would crash

• Americans were purchasing stocks on credit

• Americans were not buying stocks at all

President Hoover believed that the United States government should _____

• Provide Americans with assistance for all their struggles

• Wage a war against Germany in order to get out of the depression

• Should NOT provide direct assistance to Americans

• Should create a series of programs designed to provide employment to Americans

Americans regained trust in the banks after President FDR signed the Emergency Banking Relief Act into law because the act

• Allowed only healthy banks to remain open

• Gave people the right to withdraw all their money without a penalty

• Authorized the government to immediately deposit $1 billion in banks to guarantee deposits

• Required the government to pay back in full the customers of any bank that failed

Herbert Hoover lost the election in 1932 mainly because Americans

• Thought he would raise taxes

• Thought he would spend too much government money

• Lost confidence in him or blamed him for the Depression

• Worried about his priority on foreign policies instead of domestic issues

The TVA is significant because it hired people to

• Deliver food to the poverty stricken Dust Bowl residents

• Build dams and generators that provided electricity

• Work on farms to help stabilize agriculture

• Work in the automobile industry to increase mass production

What problems did President Roosevelt have with the Supreme Court?

• The court would not give him adequate funding for the New Deal programs

• He directly accused the Supreme Court of causing the stock market crash

• The Court issued a series of rulings declaring many programs unconstitutional

• The Court continued to purchase stocks on margin

Which of the following is a lasting effect of the New Deal?

• Workplace safety

• Clean air and water

• Corrupt corporations

• Protection of savings of bank customers