Great Depression Test Review

1. Great Depression Test Review Chapters 22 and 23

2. Causes of the Great depression and assorted terms

3. Causes of the Great DepressionTerms and vocabulary Partial ownership of a company is called a share of _______.

4. Causes of the Great Depressionterms and Vocabulary Making a risky investment decision with hopes of a quick profit

5. Causes of the Great DepressionTerms and vocabulary Purchasing a consumer good with an initial down payment and future scheduled payments

6. Causes of the Great DepressionTerms and vocabulary Tax on an imported good.

7. Causes of the Great DepressionTerms and vocabulary Purchasing stock with borrowed money.

8. True or False? Artificial manipulation of stock prices by big investors and overinflated stock prices led to a drastic crash on 10/29/29 TRUE

9. True or False? Overproduction of consumer goods was exacerbated by the great gap between rich and poor, leaving the poorest unable to fuel the economy. TRUE

10. True or False? Tariffs were helpful in building American businesses in the 1930s and helped diminish the problems of the Great Depression. FALSE – tariffs backfired in a global economy where the US depends on selling goods overseas and Europe is in debt to US banks due to WWI.

11. True or False? A contributing factor to the Great Depression was the high expenditures of government for aid programs for poor workers. FALSE – The government does not start with aid programs until FDR becomes president. This a major transformation of the role of government in American lives.

12. True or False? Hard Sell Advertising was at first good for the economy, but over time people were persuaded to purchase that which they could not afford. TRUE

13. True or False? Farmers were able to regulate crop production without government interference. FALSE – under their own devices, farmers planted too much driving prices down.

14. True or False? Banks closed in the early Thirties due to a combination of lost investments in the market and foreclosed mortgages that were not paid off. TRUE

15. True or False? Once the economy started to slow, people’s personal spending cuts had a ripple effect on their local economies. TRUE

16. True or False? The Federal Reserve pursued a policy after the 1929 crash that helped banks with liquidity (cash on hand for customers.) FALSE – Federal Reserve made it harder for banks to get cash which was disastrous for the banks.

17. New Deal progams

18. New Deal Programs Provided a minimal income for the elderly and disabled

19. New Deal Programs Main purpose was to raise farm prices so farmers would not go broke.

20. New Deal Programs Regulates the stock market to prevent insider trading.

21. New Deal Programs Hired single, young men to replant trees and update national forests and parks.

22. New Deal Programs Insured bank accounts up to $5000 at the time so that people would start saving in banks again.

23. New Deal Programs Provided direct relief in the form of cash for groceries.

24. New Deal Programs Largest peacetime expenditure at the time. A significant portion went to insuring that America would not miss out on the Arts.

25. New Deal Programs What does the W in both PWA and CWA stand for?

26. New Deal Programs Created a series of dams in the American Southeast that diminished floods and provided electricity to an area that utility companies had been avoiding due to low profit margins.

27. New Deal Programs Name one of the New Deal programs shut down by the Supreme Court

28. Great Depression and 1930s pop culture in General

29. General Great Depression and Pop culture What would this be called in 1932?

30. General Great Depression and Pop culture These men are part of what group?

31. General Great Depression and Pop culture Hoover’s program to promote charity and to convince CEOs to slow down layoffs?

32. General Great Depression and Pop culture Hoover’s program to send $2 billion to banks, insurance, and railroads with the hopes that it would trickle down to the workers?

33. General Great Depression and Pop culture FDR’s name for his cabinet of brilliant advisors?

34. General Great Depression and Pop culture What was FDR’s method of delivering information to mass audiences that made them feel that he cares?

35. General Great Depression and Pop culture What was FDR’s first fireside chat all about?

36. General Great Depression and Pop culture Who documented the plight of the poor with photographs?

37. General Great Depression and Pop culture Who wrote the classic story about the Joad family as they left the Dust Bowl and headed to California for better prospects?

38. General Great Depression and Pop culture Who was the radio priest that criticized FDR and broadcast anti-Semitic messages?

39. General Great Depression and Pop culture Who was the first African American to head up a New Deal proram?

40. General Great Depression and Pop culture Who was the Louisiana governor that criticized FDR and happened to be assassinated?

41. General Great Depression and Pop culture Who was the fastest man in the world in 1936?

42. General Great Depression and Pop culture Who wrote “This land is Your Land, This Land is My Land” while being paid by the WPA?

43. General Great Depression and Pop culture What was FDR’s first fireside chat all about?

44. Hoover or Roosevelt

45. Hoover or Roosevelt Rugged Individualism

46. Hoover or Roosevelt Paralyzed by Polio

47. Hoover or Roosevelt Main aim was work programs and welfare to get economy going.

48. Hoover or Roosevelt Main aim was getting corporations back on their feet to get economy going.

49. Hoover or Roosevelt Believed in deficit spending to get economy going

50. Hoover or Roosevelt “Government is to have a limited role in the economy”