Great depression

Question 1

What was the severe economic downturn called?

Answer 1

The Great depression

Question 2

A cause of the Great depression which lend to an expansion of loans by banks was ?

Answer 2

Low interest rates

Question 3

FDR plan was called?

Answer 3

The New Deal

Question 4

What was the result of the 1932 election

Answer 4

Hoover defeated & FDR won

Question 5

Define New Deal

Answer 5

Program composed of the 3 R’s, RELIEF for the unemployed, RECOVERY of the economy, REFORM of the American economic institutions

Question 6

FDR’s advisors many of them professors were known as>

Answer 6

The Brain trust

Question 7

What agencies resulted from the 1st 100 days?

Answer 7

WPA,CCC,AAA,NRA

Question 8

During the first 100 days what did FDR announce to help to restore banks?

Answer 8

A bank holiday

Question 9

Define Hoovervilles

Answer 9

shantytowns created by homeless people

Question 10

The F.D.I.C was created in June 1933. What was its primary role?

Answer 10

To guarantee safety of deposits up to ($250,000) & to prevent bank runs