Great Depression/New Deal

1.

1 point

What was meant by alphabet soup?

it was a negative spin put on Roosevelt's plans because they were watered down like soup

Name given because of all the government programs that were created and they all were called by their letters

It refers to the depression because all people could afford to eat was soup

It was Roosevelt's favorite soup growing up so that is what they called his legislation

2.

1 point

What were the requirements to work for the CCC?

you had to be a male with a high school degree between the ages of 18-22

you had to be a married male between the ages of 20-29

you had to be an unmarried male between the ages of 17 and 25

you had to be an American citizen younger than 30

3.

1 point

What did wealthy financiers do to try and stop the decline in the stock market after Black Thursday?

they tried to convince people the banks were solid

they sold their stocks while they still had some value

they tried to have the market shut down

They pulled their money and bought more stocks

4.

1 point

What did Roosevelt do within the first 48 hours of taking office?

blamed Hoover's policies for creating the depression

threatened to expand the Supreme Court

Created the CCC

declared a bank holiday

5.

1 point

What did many farmers have to do to comply with the AAA?

grow more crops

borrow money

sell land

destroy crops and animals

6.

1 point

What are two moves that Hoover made that did not help the nation recover during the Great Depression?

Raised taxes and cut spending

created the Reconstruction Finance Corporation

had millions of baby pigs slaughtered

lowered taxes and increased spending

7.

1 point

What ended the Great Depression?

WWII

Roosevelt's policies

WWI

Increase in foreign trade

8.

1 point

Which President was blamed for the Great Depression?

Herbert Hoover

Teddy Roosevelt

J. Edgar Hoover

Franklin Roosevelt

9.

1 point

What caused the Great Depression?

World War I

It was a domino effect that led to bank closures that caused the cycle of depression

republican laissez-faire policies

World War II

10.

1 point

What did they call shantytowns during the Great Depression?

Hooverville

Whoville

Hoover blankets

slums

11.

1 point

What were fireside chats?

weekly meeting FDR would have with his cabinet

weekly addresses to the nation by FDR

discussions that occurred between the President and the Vice President

FDR's monthly address to congress

12.

1 point

After the first banks closed what caused the others to follow?

bank runs, people pulling all their money out of the bank

Roosevelt declared a bank holiday

people not paying back their loans

the government did not have enough money to support the banks

13.

1 point

What is purchasing stocks on margin?

selling stocks illegally

getting a loan to purchase stocks

buying stocks while they are low and selling high

the difference between the stocks when you buy and sell

14.

1 point

What created the FDIC?

conversations that happened during the fireside chats

the Emergency Banking Act

the Glass-Steagall Banking Reform Act

the Federal Deposit Insurance Corporation

15.

1 point

What did Roosevelt do to try and help the country during the Great Depression?

decreased government interference

borrowed money

Expanded government to try and help create jobs

Lowered taxes

16.

1 point

How much did the average stockholder increase their stock portfolio prior to the Great Depression?

75 percent

two time

three time

five times

17.

1 point

What did the AAA do to help farmers?

they gave federal lands to farmers so they could make more food

they set minimum prices that people had to pay for food

Paid them to not grow certain crops to increase the demand for food

They lowed taxes on farmers who were in debt

18.

1 point

What stopped the AAA?

Roosevelt

the Supreme Court

lack of money

Congress

19.

1 point

What is the government form of retirement called that FDR started?

FICA

Social Security

Welfare

401k

20.

1 point

How many banks had closed by 1932?

more than 6000

over 5700

Less than 3000

around 4000