The Great Depression Quiz

As part of the New Deal, the Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) were created to

• allow for a quick recovery of stock prices
• provide direct loans to businesses
• protect individual investors from stock fraud and bank failure
• allow banks and companies to invest in the stock market

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
• publish important facts about businesses

How did the Great Depression affect workers?

• One-half of workers were unemployed
• Workers’ incomes rose to high levels
• One-fourth of workers were without jobs
• Workers were able to afford luxury items

Social Security• Federal Work Programs• Farm Assistance• Increased rights for labor• Environmental Improvement Programs

What is the best title for the list?

• League of Nations
• New Deal
• Reconstruction
• Segregation

A major difference between the philosophies of President Herbert Hoover and President Franklin D. Roosevelt in responding to the Great Depression is that Roosevelt

• wanted to rely on private charities to provide assistance
• stressed the need for individual rugged individualism
• supported direct relief to people out of work
• thought the government should not be involved in economic reform

The Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) were both New Deal programs developed to address the problem of

• excessive stock market speculation
• high unemployment
• increased use of credit
• limited income of senior citizens

How did "bank runs" impact the American people during the Great Depression?

• Banks eventually ran out of money to loan, and people's life savings were gone.
• Banks made loans throughout the Great Depression, helping people pays bills until they could find work.
• Banks were able to people's deposits safe, but they could not loan out any more money.
• Banks were not at all involved in the Great Depression because people did not use them.

A major result of the New Deal was that it

• eliminated poverty in the US
• extended the merit system in the civil service
• destroyed the private enterprise system
• greatly increased the size and power of the Federal Government

The day the stock market crashed is known as:

• Black Monday
• Black Tuesday
• Black Wednesday
• Black Thursday

What was the main reason for the emergence of “Hoovervilles” like the one shown in the photograph?

• Many Americans had lost jobs during the Great Depression.
• Thousands of homes had been destroyed by the effects of the Dust Bowl.
• Housing projects could not keep up with the demand for homes needed by the poor.
• Preparations for World War I had created a shortage of building materials.