The Great Depression EOC Review

What event is largely considered to have triggered the Great Depression according to the text?

• The implementation of tariff policies

• The overproduction of farm crops

• The Stock Market Crash of 1929

• The Dust Bowl

Answer explanation

The Stock Market Crash of 1929 is largely considered to have triggered the Great Depression due to the significant economic impact it had on the country.

Which of the following was a consequence of the Dust Bowl during the 1920s?

• A decrease in the stock market value

• An increase in westward migration

• The collapse of the banking system

• The implementation of the New Deal

Answer explanation

The consequence of the Dust Bowl during the 1920s was an increase in westward migration, as many people moved to escape the harsh conditions in the affected areas.

What was the nickname given to the economic policy that believed in reducing taxes and allowing business to raise the standard of living for their employees without government oversight?

• New Deal Economics

• Hooverville Economics

• Laissez-faire Economics

• Trickle Down Economics

Answer explanation

Trickle Down Economics was the nickname given to the economic policy that believed in reducing taxes and allowing businesses to raise the standard of living for their employees without government oversight.

What was the main criticism of President Herbert Hoover's response to the Great Depression?

• His policies were considered too interventionist.

• His efforts were seen as too little, too late and his public charity programs were ineffective.

• He was blamed for causing the Great Depression.

• His policies were too focused on international affairs.

Answer explanation

The main criticism of President Herbert Hoover's response to the Great Depression was that his efforts were seen as too little, too late and his public charity programs were ineffective.

What action did Franklin D. Roosevelt take on March 6, 1933, to address the banking crisis?

• He created the "Brain Trust."

• He declared a four-day national banking holiday.

• He implemented the Smoot-Hawley Tariff.

• He signed the New Deal into law.

Answer explanation

Franklin D. Roosevelt declared a four-day national banking holiday on March 6, 1933, to address the banking crisis.

Which policy was a key difference between Franklin D. Roosevelt and Herbert Hoover?

• Support for trickle-down economics

• Opposition to government intervention in the economy

• Willingness to use government intervention to solve economic problems

• Reluctance to provide direct federal aid to the homeless

Answer explanation

The key difference between Franklin D. Roosevelt and Herbert Hoover was Roosevelt's willingness to use government intervention to solve economic problems.

What was the result of the government's efforts to deal with the Great Depression through the Smoot-Hawley Tariff Act?

• It improved international trade relations.

• It led to a decrease in the price of American farm products.

• It resulted in a "trade war" and worldwide trade declined by 40%.

• It stabilized the American banking system.

Answer explanation

The correct choice is that the Smoot-Hawley Tariff Act resulted in a 'trade war' and worldwide trade declined by 40%.

What was the main purpose of the Agricultural Adjustment Act (AAA) as part of the New Deal?

• To provide economic assistance to retirees

• To regulate certain economic activities of banks and the stock market

• To provide relief for farmers by reducing the overproduction of agricultural goods

• To provide building and infrastructure jobs to unemployed and unskilled men

Answer explanation

The main purpose of the Agricultural Adjustment Act (AAA) was to provide relief for farmers by reducing the overproduction of agricultural goods.

What did the 21st Amendment accomplish in 1933?

• It reduced US military intervention in Latin America

• It repealed the 18th Amendment and made alcohol/liquor legal again in the US

• It increased government involvement with both business and labor

• It regulated certain economic activities of banks and the stock market

Answer explanation

The 21st Amendment repealed the 18th Amendment, which prohibited alcohol, making alcohol/liquor legal again in the US.

Which New Deal program was designed to provide electricity to 10 million people in the southeastern region of the US?

• Social Security Act (SSA)

• Works Progress Administration (WPA)

• Tennessee Valley Authority (TVA)

• National Labor Relations Act (Wagner Act)

Answer explanation

The Tennessee Valley Authority (TVA) was designed to provide electricity to 10 million people in the southeastern region of the US, making it the correct choice.