Great Depression Overview Quiz
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Questions and Answers

What was one consequence of mass unemployment during the Great Depression?

  • Significant malnutrition among the population (correct)
  • Rise in wages for workers
  • Increased agricultural production
  • Expansion of industrial jobs

Which approach exemplified President Herbert Hoover's philosophy during the Great Depression?

  • Elimination of the Reconstruction Finance Corporation
  • Nationalization of industries
  • Direct government intervention in the economy
  • Focus on charity and individual responsibility (correct)

What was a significant action taken by Hoover in response to the 'Bonus Army'?

  • Increased funding for veteran pensions
  • Promised a march to Washington D.C.
  • Called in the military to disperse the protesters (correct)
  • Established a task force to review veteran claims

Which New Deal program aimed specifically at providing jobs for young men while also conserving natural resources?

<p>Civilian Conservation Corps (B)</p> Signup and view all the answers

How did Franklin D. Roosevelt's New Deal address long-term economic recovery?

<p>Through the establishment of the Federal Deposit Insurance Corporation (B)</p> Signup and view all the answers

What was one major cause of the Great Depression related to consumer behavior?

<p>Excess consumerism (B)</p> Signup and view all the answers

Which event is closely associated with the financial issues that precipitated the Great Depression?

<p>Bank failures (D)</p> Signup and view all the answers

What agricultural factor contributed to both the Great Depression and the Dust Bowl?

<p>Overproduction (A)</p> Signup and view all the answers

Which of the following social impacts was a result of the Dust Bowl?

<p>Diminished incomes (C)</p> Signup and view all the answers

How did laissez-faire politics contribute to the onset of the Great Depression?

<p>Facilitated deregulation of banks (A)</p> Signup and view all the answers

What was the primary purpose of the Federal Deposit Insurance Corporation (FDIC)?

<p>Insure bank deposits to prevent failures. (D)</p> Signup and view all the answers

Which agency was established to provide jobs through community improvement projects?

<p>Works Progress Administration (WPA) (C)</p> Signup and view all the answers

What was a significant controversy surrounding the New Deal related to the judiciary?

<p>President Roosevelt's court packing attempt. (B)</p> Signup and view all the answers

The Agricultural Adjustment Act (AAA) primarily aimed to assist which group?

<p>Farmers (C)</p> Signup and view all the answers

Which of the following best describes the intent of the National Recovery Administration (NRA)?

<p>To eliminate intense competition through cooperation. (B)</p> Signup and view all the answers

What criticism was levied against the New Deal in terms of its economic impact?

<p>It was considered too far left and socialist. (A)</p> Signup and view all the answers

Which act established both minimum hourly wages and maximum work weeks?

<p>Fair Labor Standards Act (B)</p> Signup and view all the answers

The Tennessee Valley Authority (TVA) was primarily focused on what type of projects?

<p>Building and repairing infrastructure in the Tennessee Valley. (B)</p> Signup and view all the answers

Flashcards

Causes of the Great Depression

Several factors contributed to the Great Depression, including overproduction, rising unemployment, excessive credit, bank failures, consumerism, laissez-faire politics, and high tariffs like the Smoot-Hawley Tariff.

Stock Market Crash

A significant drop in stock prices, often driven by speculation and overvalued investments.

Dust Bowl Causes

A severe drought, high temperatures, poor farming practices, and wind erosion led to the Dust Bowl.

Dust Bowl Social Impacts

The Dust Bowl caused decreased income, stress, and unfortunately, suicides.

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Dust Bowl Economic Impacts

The Dust Bowl resulted in unemployment and business failures.

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Hoover's Philosophy

President Hoover believed in "Rugged Individualism," which meant individuals should be self-reliant and that the government should not heavily intervene in the economy. He favored private charity and limited government spending.

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Hoovervilles

During the Great Depression, informal settlements of makeshift homes built by unemployed people who lost their homes were called "Hoovervilles." These settlements lacked basic amenities and highlighted the widespread poverty during this time.

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New Deal's 'Three Rs'

President Roosevelt's New Deal programs focused on three main goals: Relief (short-term aid), Recovery (restoring the economy), and Reform (long-term changes to prevent future depressions).

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Federal Deposit Insurance Corporation (FDIC)

The FDIC was created during the New Deal to protect bank deposits from failure. It insured deposits up to a certain amount, giving people more confidence in banks and preventing further bank runs.

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Social Security

The Social Security Act established a system of old-age pensions, unemployment insurance, and aid for dependent children. It provided a safety net for those who could no longer work and is one of the most significant pieces of social welfare legislation in U.S. history.

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FDIC

The Federal Deposit Insurance Corporation (FDIC) was created to insure bank deposits, preventing bank failures and protecting people's savings.

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SEC

The Securities & Exchange Commission (SEC) regulates the stock market and financial industries, ensuring fairness and transparency in investments.

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AAA

The Agricultural Adjustment Act (AAA) aimed to help farmers by regulating crop production to stabilize prices and incomes.

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NRA

The National Recovery Administration (NRA) aimed to reduce competition between industries by coordinating production and prices.

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CCC

The Civilian Conservation Corps (CCC) employed young men on environmental projects like building roads, parks, and forests.

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TVA

The Tennessee Valley Authority (TVA) developed and improved infrastructure in the Tennessee Valley, building dams and providing electricity.

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WPA

The Works Progress Administration (WPA) put unemployed workers to work on projects like building bridges and roads, supporting artists, and improving public spaces.

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SSA

The Social Security Act (SSA) established a system providing retirement benefits for the elderly.

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