The Great Depression and The New Deal

Question 1

Bring individual desires
in line with community
— participate in its
flourishing is a definition for ….

Answer 1

Ancient liberty/ freedom

Question 2

The founding of America was all about….

Answer 2

protection
of individual rights and
liberties

Question 3

After the civil war freedom in America was altered by….

Answer 3

transfer of
power to national
government to protect
rights and liberties for
all

Question 4

The Progressive Era was all about Protection of individual
from __________ power.

Answer 4

private

Question 5

The New Deal brought ___________
to the individual from too
much want or suffering.

Answer 5

protection

Question 6

“A significant decline in economic activity spread across the
country, lasting more than a few months” is a……

Answer 6

recession

Question 7

A very serious and sustained recession is called a _____________.

Answer 7

depression

Question 8

Why Do Recessions or Depressions
Occur?

Answer 8

A negative shock hits the country Example: stock market correction, oil price increase, bank panic, pandemic

Question 9

When the stock market crashed, it lost about ____ of its value.

Answer 9

90%

Question 10

The Federal Reserve did not stop banks from failure or increase the money supply after the stock market crashed. T or F?

Answer 10

T

Question 11

What environmental disaster contributed to the Great Depression?

Answer 11

The Dust Bowl (caused by severe drought)

Question 12

“Use of the authority of government as an
organized form of self-help for all classes
and groups and sections of our country” is a quote used to describe what?

Answer 12

FDR’s “New Deal”

Question 13

Who won the presidential election in 1932 between candidates FDR and Herbert Hoover?

Answer 13

FDR; by a lot!

Question 14

“The only thing we have to fear is fear itself.” is a quote said by who and in what address?

Answer 14

FDR; First Inaugural Address

Question 15

Who said, “Our greatest primary task is to put people to work. This is no
unsolvable problem if we face it wisely and courageously. It can
be accomplished in part by direct recruiting by the Government
itself, treating the task as we would treat the emergency of a
war …”?

Answer 15

FDR

Question 16

FDR used what methods to stabilize personal situations?

Answer 16

Relief Efforts (WPA, CCC, and the AAA), Minimum Wage, and Social Security

Question 17

What is the WPA?

Answer 17

Works Progress Administration; gov employed millions to build roads, bridges, and schools.

Question 17

What is the CCC?

Answer 17

The Civilian Conservation Corps: Roosevelt employed young men to help in the effort of conserving America’s natural resources and run national parks.

Question 18

What is the AAA?

Answer 18

The Agricultural Adjustment Act; The AAA’s goal was to raise crop prices by reducing overproduction to help farmers.

Question 19

FDR stabilized the financial system by forming was organizations?

Answer 19

SEC
FDIC
NLRB

Question 20

Economic security is a right,
Freedom is not the absence
of government, but the
absence of fear and want, and
Positive liberty are all arguments made by who?

Answer 20

FDR

Question 21

What are FDR’s four freedoms?

Answer 21

Freedom of speech and
expression
Freedom of religion
Freedom from fear
Freedom from want

Question 22

Don’t forget more traditional visions of freedom and rights or the need
for limited government,
Increasing bureaucratization can mean a loss of freedom, not an
increase of freedom, and
Emphasis on negative liberty are all arguments made by who?

Answer 22

Hoover

Question 23

What was Hoover’s fifth freedom?

Answer 23

Economic freedom

Question 24

“To be free, men must choose
their jobs and callings, bargain for
their own wages and salaries, save
and provide by private property for
their families and old age. And
they must be free to engage in
enterprise so long as each does
not injure his fellowman.” was said by who and for what purpose?

Answer 24

Hoover, to support the idea of economic freedom

Question 25

Who said, “Government must not destroy
but promote freedom… No nal
judicial or legislative authority
must be delegated to
bureaucrats, or at once tyranny
begins.”?

Answer 25

Hoover

Question 26

Hoover believed that government assistance should only cover the bare minimum. T or F?

Answer 26

T

Question 27

During recessions, the government
should spend more and tax less! defines what?

Answer 27

Fiscal policy

Question 28

What is the danger of fiscal policy?

Answer 28

Gov not being able to repay their debts

Question 29

During recessions, the Federal
Reserve should increase the
money supply and keep
interest rates low defines what?

Answer 29

Monetary policy

Question 30

What is the danger of monetary policy?

Answer 30

More money = more inflation

Question 31

The ________ _______ introduces a new conception of the relationship between
the people and government.

Answer 31

New Deal

Question 32

On the New Deal understanding, government has an affirmative role to
play in creating economic __________.

Answer 32

security

Question 33

Who raised concerns about the New Deal?

Answer 33

Hoover