The Great Depression Ch.18-19

Question 1

Which New Deal program built large structures like the Hoover Dam?

Answer 1

Public Works Administration (PWA)

Question 2

Which New Deal program insured money in banks up to 5,000

Answer 2

Federal Deposit Insurance Corporation (FDIC)

Question 3

What are 3 reasons people got money before social security?

Answer 3

If they were disabled, retired, or laid off

Question 4

Who were the people who marched Washington for money

Answer 4

The Bonus Army

Question 5

What were the two reasons for the stock market crash

Answer 5

Over speculation and the actions by the
Federal Reserve Board

Question 6

What program built dams to produce electricity in river/valley areas

Answer 6

Tennessee Valley Authority

Question 7

What was the name of the programs Roosevelt created when he was elected in 1936?

Answer 7

The Second New deal

Question 8

Margin buying

Answer 8

The act of borrowing money to help pay for stock

Question 9

Who was president when depression started

Answer 9

Herbert Hoover

Question 10

Community chest

Answer 10

A group of organizations that are paid by donations from wealthy people

Question 11

Who ran as governor of California in 1934 and started E.P.I.C. program

Answer 11

Upton Sinclair

Question 12

What percentage was unemployment at the height of the depression

Answer 12

32%

Question 13

Stock Pools

Answer 13

A group of investors who purposely drive up the price high and then sell it to the common person

Question 14

Causes of Great Depression

Answer 14

High tariffs/debt, Farm crisis, overproduction, unequal distribution of wealth, domino effect, stock market crash

Question 15

What percentage of people when the depression controlled how much of the wealth?

Answer 15

1% of people controlled 15% of the wealth

Question 16

What was the name of the day that the stock market completely bottomed out

Answer 16

Black Thursday

Question 17

3 states that the dust bowl majority effected:

Answer 17

Kansas, Oklahoma, Texas

Question 18

Franklin Roosevelt was the first to appoint a female advisor, what cabinet did she supervise?

Answer 18

Secretary of Labor

Question 19

Where was the NY stock exchange located?

Answer 19

Wall Street

Question 20

In the Townstead Act, at what age do people start getting $200 per month

Answer 20

Once over 60

Question 21

At what age did Roosevelt want the court justices to have to retire

Answer 21

70

Question 22

By 1932, how many in the US were unemployed?

Answer 22

12 million

Question 23

What did the E.P.I.C program stand for

Answer 23

End poverty in California

Question 24

Who ran against Herbert Hoover

Answer 24

Alfred E. Smith

Question 25

Alfred E. Smith

Answer 25

Democrat, was first Roman Catholic to win major nomination but lost to Hoover

Question 26

Bull market

Answer 26

a long peirod of rising stock prices

Question 27

What economic choices caused the economy to become unstable in the 1920s?

Answer 27

Excessive borrowing, the limiting of export, and mass speculation

Question 28

Describe two ways in which the stock market crash weakened the nation's banks

Answer 28

Banks had lent millions to stock speculators and many banks invested in the stock market since they were hoping for high returns

Question 29

What were two mistakes made by the FRB that helped bring the great depression

Answer 29

1). By keeping rates low, the board encouraged member banks to make risky loans. 2). Low interest rates led to business leaders to think the economy was expanding

Question 30

Dorothea Lange

Answer 30

Photojournalist, showed how the great depression affected the average american

Question 31

How did economic changes affected everyday life during the 1920s

Answer 31

Since stocks failed, businesses failed and unemployment rose

Question 32

Budget deficit

Answer 32

When the gov. spends more than the gov. collected so then the gov. borrows money, making less available for loans

Question 33

American Individualism

Answer 33

A book written by Hoover about why the american system of individualism was the best social, political, spiritual, and economic system.

Question 34

National Credit Corporation (NCC)

Answer 34

Was made by Hoover to ease money shortage. They created a pool of money so banks could continue lending money to their towns

Question 35

Reconstruction Finance Corporation (RFC)

Answer 35

Hoover requested Congress to make this. RFC would make loans to businesses, was to cautious and failed to help economy

Question 36

Hunger Marches

Answer 36

Organized by the communist party, protested feed the hungry and tax the rich

Question 37

Hoover's theory of "rugged individualism"

Answer 37

That is order to keep the economy moving. the gov. should not step in to help

Question 38

Huey Long

Answer 38

governor of Louisiana, improved schools/hospitals but built a corrupt political machine. Established the Share our Wealth idea

Question 39

"Share our Wealth" idea

Answer 39

To minimize wealth inequality by taking money from the wealth and the gov. distributing it

Question 40

Father Charles Coughlin

Answer 40

Wanted the gov. to take more control of the nations resources

Question 41

What happened in the Schecter Poultry Corporation v. US

Answer 41

It was declared that the NRA was unconstitutional

Question 42

What happened in the US v. Bulter

Answer 42

declared AAA unconstitutional since they were paying people not to plant crops

Question 43

Liberty League

Answer 43

were conservatives and thought Roosevelt was overstepping his bounds. Were mostly those with an income of more than 100,000 per yr

Question 44

Liberals

Answer 44

Thought Roosevelt was not doing enough

Question 45

Al Smith

Answer 45

Was elected as NY governor 4 times and was democratic nominee for president in 1928

Question 46

The Wagner Act

Answer 46

Guaranteed workers the right to organize unions also set up a process called binding arbitration

Question 47

Binding Arbitration

Answer 47

Where unhappy union members took their complaints to a neutral party where they would decide on the issues

Question 48

John L. Lewis

Answer 48

leader of United Mine Workers

Question 49

Why did Roosevelt decide to introduce new legislation to fight the depression

Answer 49

He did this in order to give America citizens relief, financial incomes, and generate economic recovery

Question 50

Explain how Social security is funded

Answer 50

Funded by payroll, taxes by employees, and employers

Question 51

When can someone receive social security

Answer 51

A person can receive it once 65