20 Questions
What was the purpose of the Second New Deal?
To create more employment opportunities for Americans
Which program was NOT part of the New Deal Programs listed in the text?
National Recovery Administration (NRA)
What was one criticism FDR faced regarding the New Deal Programs?
They were unconstitutional and violated individual rights
During the Bank Holiday, what did President FDR do?
Closed all banks temporarily to prevent further bank runs
How did the New Deal influence the role of government in citizens' lives?
It increased government responsibility for citizens' welfare
What was the purpose of the New Deal AAA discussed in the text?
To raise the prices of crops by paying farmers to grow fewer crops
Why was the Tennessee Valley Authority significant?
It aimed to provide electricity and control flooding in a poor region
What did the National Industry Recovery Act create?
The National Recovery Administration
What was the main role of the National Recovery Administration (NRA)?
Controlled prices, wages, and working hours
Which New Deal program focused on creating jobs by building government buildings, airports, bridges, and highways?
Public Works Administration (PWA)
What was the primary purpose of the New Deal Banking Relief Act?
To close down all banks temporarily for evaluation
How did the Emergency Banking Act contribute to restoring confidence in the banking industry?
By assisting banks that were financially recoverable
What differentiated financially sound banks from those that had to remain closed under the New Deal Banking Relief Act?
Giving out risky loans and lacking deposit reserves
In what way did the Glass-Steagall Act impact commercial banking?
Prevented commercial banks from giving loans to purchase stocks
What role did the Federal Deposit Insurance Corporation have in restoring confidence in the banking industry?
Insured bank deposits in case of bank failures
What was the primary purpose of the Second New Deal?
To provide additional relief and reform programs to help lift the country out of the Great Depression
What was a major consequence of the bank runs during the Great Depression?
People lost their life savings as banks failed and were unable to protect depositors' money
How did bank runs contribute to the economic collapse in the 1930s?
They caused a loss of public confidence in the banking system and led to many bank failures
During a bank run, why did people rush to withdraw their money?
Due to fear that banks would run out of funds and they would lose their savings
How did the government respond to bank runs after the Great Depression?
Implemented deposit insurance to protect depositors' funds and prevent future bank runs
Test your knowledge on FDR's program aimed at fixing the economy through a series of Federal initiatives that provided relief, recovery, and reform. Learn about the Alphabet Soup acronyms, public reception, and the impact of the New Deal on governmental responsibility for citizen welfare.
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