The Great Depression and New Deal Review Quiz

What were some of the main causes of the Great Depression?

• Increased regulation of banks and the stock market

• An Increase in labor unions

• The spread of Communism

• Bank failures and the stock market crash of 1929

How did the New Deal aim to address the economic problems of the Great Depression?

• By reducing government intervention in the economy

• Through programs designed to provide relief, recovery, and reform

• By focusing solely on agricultural reform

• By increasing tariffs on imported goods

What role did FDR play during the Great Depression?

• He maintained a laissez-faire economic policy

• He implemented the New Deal to help recover the economy

• He focused on reducing government spending

• He advocated for returning to the gold standard

What were the effects of the Social Security Act?

• It reduced the amount of money available for public spending

• It increased unemployment rates

• It provided pensions for the elderly and unemployment insurance

• It decreased government involvement in welfare

How did Herbert Hoover initially respond to the Great Depression?

• By implementing widespread social welfare programs

• By denying that there was an economic crisis

• By urging patience and arguing the economy would fix itself

• By immediately implementing the New Deal

Why was the Election of 1932 significant?

• It marked the first time a Republican won the presidency

• It resulted in a landslide victory for FDR, signaling a shift in public sentiment

• It was the closest presidential election in U.S. history

• It was the last election before the U.S. entered World War II

What was a major consequence of bank failures during the Great Depression?

• Increased investment in the stock market

• A significant loss of savings for many Americans

• A rapid increase in international trade

• Decreased government regulation of banks

What triggered the Stock Market Crash of 1929?

• A sudden increase in gold reserves

• Speculation and buying on margin

• A decrease in industrial production

• The introduction of the Social Security Act

What was the Dust Bowl?

• A financial crisis that affected Wall Street

• A series of dust storms that severely damaged agriculture in the Great Plains

• A nickname for the stock market crash of 1929

• A term used to describe urban poverty during the Great Depression

How did overproduction contribute to the Great Depression?

• It led to a decrease in prices and profits for farmers

• It increased the value of the U.S. dollar

• It primarily affected the manufacturing sector, leaving the agricultural sector unaffected

• It decreased unemployment rates