great depression usa Flashcards
What was the Great Depression?
The Great Depression was a severe worldwide economic downturn that took place during the 1930s.
When did the Great Depression begin?
The Great Depression began in the United States with the stock market crash on October 29, 1929.
True or False: The Great Depression lasted for more than a decade.
True
What event marked the beginning of the Great Depression?
The stock market crash of 1929.
Fill in the blank: The Great Depression was characterized by high ________ rates.
unemployment
What was the unemployment rate in the U.S. at the height of the Great Depression?
Approximately 25%.
Which president was in office at the start of the Great Depression?
Herbert Hoover.
What was the New Deal?
The New Deal was a series of programs and reforms implemented by President Franklin D. Roosevelt to combat the effects of the Great Depression.
True or False: The Great Depression affected only the United States.
False
What were ‘Hoovervilles’?
Hoovervilles were shantytowns built by homeless people during the Great Depression, named after President Hoover.
Multiple Choice: Which of the following was a major cause of the Great Depression? A) World War I B) Stock market speculation C) The invention of the automobile
B) Stock market speculation
What role did the Dust Bowl play during the Great Depression?
The Dust Bowl exacerbated the economic situation by destroying agricultural land and displacing thousands of farmers.
Fill in the blank: The Great Depression led to the establishment of the ________ to provide social security.
Social Security Administration
What was the purpose of the Civilian Conservation Corps (CCC)?
The CCC aimed to provide jobs for young men and to conserve natural resources.
True or False: The Great Depression ended with the outbreak of World War II.
True
What was the Federal Reserve’s response to the Great Depression?
Initially, the Federal Reserve raised interest rates, which worsened the economic situation.
Which act was passed in 1933 to stabilize the banking system?
The Glass-Steagall Act.
What was the Wagner Act?
The Wagner Act, passed in 1935, protected workers’ rights to unionize and bargain collectively.
Multiple Choice: Which of the following programs was NOT part of the New Deal? A) Tennessee Valley Authority B) Works Progress Administration C) Marshall Plan
C) Marshall Plan
What was the impact of the Great Depression on families?
Many families faced poverty, unemployment, and displacement, leading to significant social and emotional strain.
Fill in the blank: The Great Depression led to a significant increase in ________ programs.
government assistance
What was the role of the Securities and Exchange Commission (SEC) established in 1934?
The SEC was created to regulate the stock market and protect investors.
True or False: The Great Depression was solely caused by economic factors.
False
What was the significance of the Social Security Act of 1935?
It established a system of old-age benefits and unemployment insurance.
