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The Great Depression

Total questions: 15

Worksheet time: 13mins

Name
Class
Date
1.

Which event occurred on Black Tuesday?

a)

many factories closed

b)

many banks closed

c)

many people lost their homes

d)

the stock market crashed

2.
President Franklin Roosevelt asked Congress to pass a series of acts called the New Deal. Which is one way the New Deal helped people during the Great Depression?
a)
It gave all people the right to vote. 
b)
It created programs to put people back to work.    
c)
It let all new immigrants become American citizens. 
d)
It let people travel around the country freely. 
3.
The Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) were both New Deal programs developed to address the problem of
a)
excessive stock market speculation
b)
high unemployment
c)
increased use of credit
d)
limited income of senior citizens
4.

The Tennessee Valley Authority is significant because it hired people to

a)

deliver food to the poverty-stricken Dust Bowl residents

b)

build dams and generators that provided electricity

c)

work on farms to help stabilize agriculture

d)

publish important facts about businesses

5.

Which New Deal program was responsible for supporting farmers and supplying electricity to rural areas?

a)

Civilian Conservation Corps

b)

Works Progress Administration

c)

Tennessee Valley Authority

d)

Works Progress Authority

6.

buying stocks with loans from brokers

a)

Stock loan

b)

Buying on a margin

c)

Tariff

d)

Subsidy

7.

10. A supporter of Keynesian economics would criticize the laissez faire of Adam Smith because it

a)

tends to shift purchasing power from the wealthy to the poor

b)

absolves government in resolving economic problems

c)

reduces the role of the individual in economic decision making

d)

accelerates the amount of investment capital available to entrepreneurs

8.

Which of the following actions is evidence that economic liberalism is shifting towards the left?

a)

decreasing regulation of banking systems

b)

decreasing number of social welfare programs

c)

increasing economic isolationism between nations

d)

increasing number of bailouts being offered to important industries

9.

A Keynesian economist would most likely respond to the writer’s view with

a)

Disagreement, because the writer fails to recognize the role of the state in reducing marketplace fluctuations.

b)

Agreement, because the writer recognizes that there are actually some benefits to an economic recession.

c)

Agreement, because the writer acknowledges the inevitability of extensive economic fluctuations

d)

Disagreement, because the writer ignores the need for the state nationalization of failing enterprises.

10.
Which was a guiding principle of New Deal economic policies?
a)
“Rugged individualism” will end social inequality
b)
Government must assume greater responsibility for helping the unfortunate
c)
Antitrust legislation could destroy the free enterprise system
d)
State governments should have more power over the economy than the national government
11.
One difference between the administrations of President Roosevelt and President Hoover was that Roosevelt was-
a)
more willing to use government intervention to solve economic problems
b)
unwilling to allow government agencies to establish jobs
c)
able to ignore economic issues for most of his first term in office
d)
opposed to any type of government regulation of financial institutions
12.

To supporters of the ideas of John Maynard Keynes, what government actions should be taken to solve the problem shown in the graph?

a)

Decrease taxation and increase spending.

b)

Raise taxes and cut expenditures.

c)

Print more money and raise interest rates.

d)

Nationalize key industries and collectivize agriculture.

13.

Economist John Maynard Keynes greatly influence the evolution of economic liberalism by advocating for

a)

labourers to use collective action to bring about the nationalization of the productive forces of the country and thus ensure sustainable economic growth

b)

consumers to be informed as to the environmental and labour practices of businesses and make ethical decisions when purchasing goods and services

c)

corporations to work cooperatively rather than competitively to ensure that the prices for goods and services could be set by their collective decisions

d)

governments to use fiscal and monetary policies to more closely regulate the economy and thus prevent excessive fluctuations in the economic cycle

14.

What is the minimum time you should wash your hands for?

a)

10 seconds

b)

15 seconds

c)

20 seconds

d)

30 seconds

15.

You no longer have to write a diploma exam for Social Studies this January?

a)

True

b)

False