The Great Depression & New Deal 25-26

With low unemployment and more than half of Americans living below the poverty line, people did not have enough

(a)   , or spending money, that was needed to help support the economy.

• disposable income
• interest income

Despite warning signs that the U.S. economy was in trouble, banks continued to expand credit and Americans increasingly invested in the

(a)  

• stock market
• bank

• supermarket

• auction house

A group of expert policy advisers who worked with FDR in the 1930s to end the Great Depression was called the ________.

• brain trust

• cabinet

• think tank

• economic council

Informal talks given by FDR over the radio; sat by White House fireplace; gained the confidence of the people are known as ________.

• fireside chat

• Oval Office address

• State of the Union speech

• Presidential press conference

The historic period (1933-1940) in the U.S. during which President Franklin Roosevelt's economic policies were implemented is called the ________.

• New Deal

• Great Society

• Square Deal

• Fair Deal

President FDR's failed 1937 attempt to increase the number of US Supreme Court Justices from 9 to 15 in order to save his 2nd New Deal programs from constitutional challenges is known as the ________.

• Court Packing Plan

• Judicial Reform Act

• Supreme Expansion Proposal

• New Deal Amendment

Government practice of spending more than it takes in from taxes is called ________.

• deficit spending

• balanced budget

• tax evasion

• fiscal surplus

October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression is known as ________.

• Black Tuesday

• Red Friday

• Blue Monday

• Green Thursday

October 29, 1929, one part of the start of the Great Depression is called the ________.

• stock market crash

• New Deal

• Dust Bowl

• Prohibition

Fill in the blank: Paying a small percentage of a stock's price as a down payment and borrowing the rest is called _________

• buying on margin

• short selling

• diversification

• day trading