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Worksheets#16 TEKS
Total questions: 20
Worksheet time: 40mins
Why did the federal government create this program in 1933?
To establish industrial centers in the region
To promote organic farming practices
To offset the effects of urbanization and rapid population growth
To provide jobs and improve the regional standard of living
The Federal Housing Administration is a New Deal agency that continues to assist many Americans primarily by —
providing them with money to pay for moving expenses
helping them obtain mortgage loans from banks
helping them choose a reputable home builder
offering incentives for them to invest in rental properties
Decline in worldwide trade, ______?______, and Bank Failures led to the Great Depression.
Which of the following answers would fill in the blank?
Increase in consumer spending
Overspeculation in the stock market
Decrease in military spending
Government subsidization of agriculture
In January 1932 Congress approved the formation of an independent government agency called the Reconstruction Finance Corporation (RFC). The RFC was funded by the U.S. Treasury and was authorized to make loans to banks, railroads, life insurance companies, and other large businesses devastated by the Great Depression. President Herbert Hoover believed that funds disbursed through the RFC would eventually benefit the average citizen through job growth, higher wages, and the protection of bank accounts and insurance policies.
The Reconstruction Finance Corporation is similar to later New Deal legislation in that both
protected the economy through government intervention in private business
gave direct relief payments to unemployed citizens
provided more efficient services through public utility regulation
borrowed money from foreign banks to reduce the national debt
Smoot-Hawley Tariff
Purpose: To protect U.S. agriculture and industry from foreign competition
Outcome: ?
Which of the following best completes this diagram?
Led to a decrease in U.S. international trade
Helped stabilize the U.S. economy
Strengthened U.S. relationships overseas
Led to a decline in U.S. unemployment
What does the sticker in this illustration represent to patrons of this bank?
Restrictions on the federal government’s ability to set prime interest rates
The power of the federal government to privatize the bank in order to stimulate economic growth
Limitations on the role of the federal government in providing home loans
The federal government’s assurance of protection on individual bank deposits
Lines like the one shown above were partially the result of —
growing demand for payment of military pensions
a sudden increase in agricultural exports
the passage of the Selective Service Act
widespread business failures
“They wanted us out of the country. I didn’t understand why when we’d been born here.” . . .
Emilia Castaneda was born in Los Angeles of Mexican parents. In 1935, she and her father and brother were forced to board a train bound for Mexico.
—Linda Pressly, “U.S. Mexicans Haunted by Repatriation,” BBC News, November 29, 2006
This excerpt describes an instance of deportation during the 1930s as part of a repatriation effort. Why did the federal government implement repatriation?
To fulfill the terms of a global peace treaty
To protect national security
To reduce competition for jobs
To prevent communist influence on labor unions
In the 1936 movie Mr. Deeds Goes to Town, a man named Longfellow Deeds inherits millions of dollars and moves to New York City, where he is caught up in the “fast life.” During this time, he is confronted by a farmer who criticizes Mr. Deeds for squandering his money. Moved by the farmer’s plight, Mr. Deeds distributes his fortune to needy farmers and their families.
The farmer’s criticisms are similar to those found in —
Warren Harding’s advocacy of a “return to normalcy”
Huey Long’s proposal to “share our wealth”
Charles Coughlin’s rhetoric of “Christianized democracy”
Herbert Hoover’s emphasis on “rugged individualism”
Why did the “Return to Normalcy” agenda of U.S. presidential candidate Warren G. Harding appeal to many voters in the 1920 election?
The public wanted to help rebuild war-torn countries.
There were significant shortages of military supplies.
There was a decrease in demand for consumer goods.
The public wanted to concentrate on domestic economic issues
Which headline describes the primary issue faced by the federal government at the onset of the Great Depression?
Unemployment Rates Reach Record High
Consumer Price Index Skyrockets
Consumer Markets Saturated with Foreign Imports
Banks Face Oversupply of Currency
Which of the following directly contributed to the economic instability of the United States in 1929?
The implementation of a personal income tax
Overspeculation in the stock market
New regulations on banking
The elimination of import tariffs
What is the main function of the Federal Deposit Insurance Corporation?
Assisting banks in recovering unpaid loans
Providing monetary aid to struggling banks
Guaranteeing job security for bank employees
Protecting personal savings in the event of bank failure
An estimated thousand people lived in St. Louis’s Hooverville, located on the banks of the Mississippi near the city dump. In New York, noted one observer in 1931, hobos were “coming into the city in larger numbers than ever before and have set up a ‘jungle’ for themselves in the heart of the East Side” on vacant lots owned by the city.
—Kenneth Kusmer, 2002
Which of the following contributed most to the situation described in this excerpt?
The rise of corporate monopolies
Strict banking regulations and high income tax rates
The influx of immigrants into urban areas
High unemployment and widespread home foreclosures
As secretary of commerce . . . Herbert Hoover seized on the cooperation between industry and science that had emerged during World War I and boldly extended it further into the realm of commerce. . . . Among Secretary Hoover’s most significant initiatives . . . was standardization and simplification of industrial parts and procedures. . . . The formulation of standard weights for loaves of bread, standard sizes for cans, and uniform rating of canned goods for quality, as well as standardization of packaging units... greatly facilitated distribution, retailing, and accounting.
—“Herbert Hoover, Economic Mastermind,” Library of Congress, www.lcweb2.loc.gov (accessed March 18, 2014)
How did the introduction of these new practices most benefit U.S. business?
By increasing production efficiency
By preventing shortages of goods
By increasing protective tariffs
By decreasing exports
How did the creation of the Federal Deposit Insurance Corporation change the nature of banking in the United States?
The government began to guarantee bank deposits.
Depositors could transfer investments without penalties.
Depositors were guaranteed minimum interest rates on savings accounts.
The government required taxpayers to open savings accounts.
As early as 1925, then-Secretary of Commerce Hoover had warned President Coolidge that stock market speculation was getting out of hand. Yet in his final State of the Union Address, Coolidge saw no reason for alarm. Hoover, however, remained fearful. Even before his inauguration, he urged the Federal Reserve to halt “crazy and dangerous” gambling on Wall Street by increasing the discount rate the Federal Reserve charged banks for speculative loans. He asked magazines and newspapers to run stories warning of the dangers of rampant speculation.
But Presidents in 1929 were not supposed to regulate Wall Street, or even talk about the gyrating market for fear of inadvertently setting off a panic, and Hoover backed off.
—Richard Norton Smith and Timothy Walch, “The Ordeal of Herbert Hoover,” 2004
The economic conditions described in this excerpt contributed to
a global economic depression
an increase in foreign investments in the U.S. market
the adoption of the gold standard
an increase in free market activity
Which statement best explains how bank failures contributed to the Great Depression?
People lost their savings because the government did not insure bank deposits.
Business could not be done when President Franklin Roosevelt declared a bank holiday.
The interest rates on bank loans were too high.
Foreign investors did not invest enough in U.S. banks.
Beneficiaries as of October 2015
Type of Beneficiary Total (thousands)
Aged 65 or older 43,947
Disabled, under age 65 14,228
Other 6,817
Which New Deal agency was created to specifically serve this population?
Federal Housing Administration
Securities and Exchange Commission
Federal Deposit Insurance Corporation
Social Security Administration
Events in the United States in the Late 1920s
Consumers are unable to continue making payments on installment plans ---------> Demand for consumer goods declines ------> Manufacturers reduce production ------> ?
Which action completes this cause-and-effect diagram?
Banks lower interest rates
Elected leaders lower tariff rates
Companies lay off employees
Labor unions demand higher wages
