Quiz: FDR and the "New Deal"

What was the purpose of the Federal Deposit Insurance Corporation (FDIC)?

• To insure the bank accounts of private citizens against bank failures
• To stop insider trading in the stock market
• To provide insurance for home loans made to families with bad credit
• To help farmers to raise the price of their crops

The election of Franklin D. Roosevelt to the Presidency in 1932 reflected the desire of many Americans to

• Return to a policy of laissez faire
• Abandon capitalism in favor of socialism
• Continue the domestic policies of the Hoover administration
• Have government take an active role in solving economic problems

The main purpose of New Deal measures such as the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) was to

• Provide immediate employment opportunities
• Develop rules to limit speculation on the stock market and safeguard savings
• Enable the Federal Government to take over failing industries
• Assure a guaranteed income for American families

Which of the following was the main objective of the Agricultural Adjustment Act (AAA)?

• To increase farm production
• To raise the prices of farm products
• To provide pensions for retired farmers
• To encourage more people to enter farming

President Franklin Delano Roosevelt spoke directly to the American people over the radio in what became known as

• Fireside Chats
• Radio Chats
• Fireside Talks
• Inaugural Addresses