Podcast
Questions and Answers
What was the impact of foreign competition on the American economy in 1932?
What was the impact of foreign competition on the American economy in 1932?
- Resulted in the establishment of the Reconstruction Finance Corporation
- Increased the export opportunities for American goods
- Boosted industrial stock prices by 80%
- Led to a decrease in overseas trade by 66% (correct)
What was the purpose of the Reconstruction Finance Corporation (RFC)?
What was the purpose of the Reconstruction Finance Corporation (RFC)?
- Creating construction projects to provide jobs
- Making loans to banks and corporations to restore credit (correct)
- Providing bonuses to WWI veterans
- Establishing homeless camps for the unemployed
What was the outcome of the Bonus March that took place in 1932?
What was the outcome of the Bonus March that took place in 1932?
- The veterans peacefully protested without any interference
- The army dispersed the marchers, resulting in one death and injuries (correct)
- Hoover resigned as President
- The veterans successfully received their early bonus payments
How did President Hoover respond to Japanese Aggression after seizing Manchuria?
How did President Hoover respond to Japanese Aggression after seizing Manchuria?
What led to over 10,000 banks failing in 1932 according to the text?
What led to over 10,000 banks failing in 1932 according to the text?
What was the main objective of the Federal Home Loan Bank established in 1932?
What was the main objective of the Federal Home Loan Bank established in 1932?
What was the first act Herbert Hoover took to address the farming crisis during the Great Depression?
What was the first act Herbert Hoover took to address the farming crisis during the Great Depression?
What was one of the major causes of the Great Depression related to farming?
What was one of the major causes of the Great Depression related to farming?
How did the unequal distribution of wealth contribute to the Great Depression?
How did the unequal distribution of wealth contribute to the Great Depression?
Why was overproduction in industry a problem during the Great Depression?
Why was overproduction in industry a problem during the Great Depression?
What did Herbert Hoover believe about government intervention during economic depressions?
What did Herbert Hoover believe about government intervention during economic depressions?
What legislation was passed to protect U.S. interests but ended up exacerbating the effects of the Great Depression?
What legislation was passed to protect U.S. interests but ended up exacerbating the effects of the Great Depression?
What was the first act Herbert Hoover implemented to address the farming crisis during the Great Depression?
What was the first act Herbert Hoover implemented to address the farming crisis during the Great Depression?
What was one of the major causes of the Great Depression related to stock market activities?
What was one of the major causes of the Great Depression related to stock market activities?
Why did many banks face closure during the Great Depression?
Why did many banks face closure during the Great Depression?
What was a consequence of overproduction in industry during the Great Depression?
What was a consequence of overproduction in industry during the Great Depression?
Why did Herbert Hoover believe economic depression could not be cured by government intervention?
Why did Herbert Hoover believe economic depression could not be cured by government intervention?
What was the purpose of the Smoot-Hawley Tariff passed during the Great Depression?
What was the purpose of the Smoot-Hawley Tariff passed during the Great Depression?
What was the impact of new tariffs from other nations as a response to American tariffs during the 1932 depression?
What was the impact of new tariffs from other nations as a response to American tariffs during the 1932 depression?
What was the purpose of the Reconstruction Finance Corporation (RFC) established in 1932?
What was the purpose of the Reconstruction Finance Corporation (RFC) established in 1932?
What were 'Hoovervilles' during the 1932 depression?
What were 'Hoovervilles' during the 1932 depression?
What was the main reason behind the Bonus March that took place between May and July 1932?
What was the main reason behind the Bonus March that took place between May and July 1932?
What impact did Japanese aggression, particularly seizing Manchuria, have on US foreign policy during Hoover's administration?
What impact did Japanese aggression, particularly seizing Manchuria, have on US foreign policy during Hoover's administration?
'One person died and some people were injured leading to much criticism on President Hoover although the general did not follw his ordeer.' Which event is being referred to in this statement?
'One person died and some people were injured leading to much criticism on President Hoover although the general did not follw his ordeer.' Which event is being referred to in this statement?
