Great Depression and New Deal

Some critics of the New Deal believed that President Roosevelt was gaining too much _______.

• Power

• Support

• Wealth

• Influence

What was the result of the TVA?

• Increased unemployment

• Improved electricity access

• Higher taxes

• Decreased agricultural output

What was the purpose of the FDIC?

• To regulate the stock market

• To insure bank deposits

• To provide loans to farmers

• To create jobs

What caused much of the debt accumulated by consumers during the 1920's?

• Increased savings

• Over-speculation in stocks

• Consumer credit expansion

• High taxes

Why did the Bonus Army march on Washington, DC?

• To demand immediate payment of bonuses

• To protest against the New Deal

• To support President Hoover

What was the purpose of Roosevelt's fireside chats?

• To entertain the public

• To inform and reassure the public

• To promote his political agenda

• To criticize his opponents

Explain how the government's role in the economy changed during the Great Depression.

• It became less involved

• It became more involved

• It focused on foreign trade

• It eliminated regulations

How did Americans feel about Hoover and his handling of the depression?

• They admired him

• They were indifferent

• They blamed him

• They supported his policies

What did the Social Security Act provide?

• Unemployment insurance

• Tax cuts

• Free healthcare

• Housing assistance

Why did FDR declare a bank holiday and create the FDIC?

• To close failing banks

• To prevent bank runs

• To increase interest rates

• To promote investment