Great Depression/ New Deal Test

Question 1

Causes of the great depression

Answer 1

credit, buying on margin, overproduction/underconsumption, insider trading, bank runs

Question 2

Overproduction

Answer 2

When the farmer grow too much food

Question 3

Underconsumption

Answer 3

when there is too much food because the people arent buying it

Question 4

Hawley Smoot Tariff

Answer 4

Raised tariff on goods coming to america- made depression worse, other countries did the same and world trade stopped

Question 5

Buying on margin

Answer 5

Borrowed money- credit, pay the rest later

Question 6

speculation

Answer 6

bull= good, bare= bad

Question 7

Dorothea Lange

Answer 7

photographer during the depression

Question 8

Insider trading

Answer 8

cheating the stock market- knowing insider secrets

Question 9

Bonus Army

Answer 9

WW1 vets who wanted their bonus early, caused riots

Question 10

What caused the stock market to crash so badly?

Answer 10

people freaked out and sold their stocks, led to a huge decline in stocks, people who bought on margin couldnt pay it back

Question 11

How did it affect the farmers?

Answer 11

prices of crops went down, farms were foreclosed

Question 12

How were the common people affected?

Answer 12

people weren’t buying so businesses went out of business, went to bread lines

Question 13

Hoovervilles

Answer 13

shacks and tents in vacant lots that people lived in- named after hoover

Question 14

Which did the most to trigger a worldwide collapse?

Answer 14

the tariff

Question 15

What was the main contributor of the banks faiking?

Answer 15

people withdrew all their money

Question 16

The dust bowl

Answer 16

very bad draught caused y overused farm land- soil turned to dust, okies left the farmlands

Question 17

Glass- steagall act

Answer 17

helped create the FDIC

Question 18

Agricultural Adjustmant Act (AAA)

Answer 18

subsidized farming- reduced crop production- declared unconstitutional because it wasnt fair to all farmers

Question 19

Civilian Conservation Corps

Answer 19

hired young men to do work- like the military- payed $30 but only kept 5, the rest went to parents

Question 20

National Industrial Recovery Act (NIRA)

Answer 20

Declared unconstitutional- increased production and gave people money to buy it

Question 21

National Recovery Administration (NRA)

Answer 21

Created fair business- red eagle for businesses

Question 22

Federal Emergency Relief Administration (FERA)

Answer 22

sent funds to state governments and then gave cash to the needy

Question 23

Works Progress Administration (WPA)

Answer 23

Created most jobs- built bridges, buildings, and parks

Question 24

National Youth Administration (NYA)

Answer 24

created jobs for students

Question 25

Public Works Administration (PWA)

Answer 25

Oversaw construction projects- had little impact on economy

Question 26

Federal Deposit Insurance Company (FDIC)

Answer 26

guarenteed bank deposits up to 5 thousand if money was lost in banks

Question 27

Securities and Exchange Commission (SEC)

Answer 27

regulates the stockmarket

Question 28

Social Securities Act

Answer 28

provided money for the retired- made them spend money which was good for the economy

Question 29

Tennessee Valley Authority (TVA)

Answer 29

created jobs- built dams on the river- made jobs and power- declared unconstitutional because it put the government in competition with private businesses

Question 30

Wagner Act (NLRB)

Answer 30

Guaranteed workers the right to make unions

Question 31

Fireside chats

Answer 31

radio broadcasts that FDR got support from

Question 32

How many supreme court judges did FDR want?

Answer 32

12

Question 33

Huey Long

Answer 33

governor of louisisana- everyman a house, a car, and a fish- "share the wealth program"

Question 34

What did FDR do/ say that was controversial

Answer 34

Said that people had the right to unionize

Question 35

What were FDR's first 4 things he did as president?

Answer 35

Fix the banks (closed them and then put 2 billion back in banks), regulate business (pay workers, SEC, pay workers), Save the farmers (AAA, get rid of debt, subsidizing), Put money into the economy (Social security, lower interest rate, government jobs)

Question 36

What was hoover's approch to the depression?

Answer 36

rugged individualism