The Great Depression and New Deal Quiz

The Great Depression was an economic downturn that lasted from the stock market crash of 1929 until the beginning of World War II in 1939. It was a severe worldwide economic depression that affected the United States, Canada, the United Kingdom, Western Europe, and Australia. This economic downturn led to high rates of unemployment, poverty, and deflation, and it lasted for over a decade. The Great Depression has been described as the longest, deepest, and most widespread depression in modern world history.

New Deal

The New Deal was a series of government programs and public work projects enacted by U.S. President Franklin D. Roosevelt in response to the Great Depression. The New Deal was intended to provide relief for the unemployed, as well as to provide jobs and stimulate the economy. Some of the most notable programs included the Civilian Conservation Corps, the Civil Works Administration, the Federal Emergency Relief Administration, the National Recovery Administration, and the Works Progress Administration. The New Deal resulted in the creation of millions of jobs, the reducing of poverty, and the stimulation of economic growth.

Stock Market Crash

The stock market crash of 1929 was a major event that contributed to the start of the Great Depression. On October 24, 1929, the stock market experienced a sudden and extreme drop in stock prices, known as Black Tuesday. The stock market crash led to a loss of wealth for many Americans, and it contributed to the start of the Great Depression.

Unemployment Rate

The unemployment rate during the Great Depression was extremely high, with the peak unemployment rate of 24.9% in 1933. The unemployment rate remained high throughout the 1930s, and it wasn't until the start of World War II that the unemployment rate began to decrease.

Impact on Economy

The Great Depression had a significant impact on the economy of the United States and the world. The economic downturn led to a decrease in economic activity, an increase in poverty, and a decrease in economic growth. The Great Depression also led to a decrease in international trade, as many countries experienced economic downturns similar to the United States.

Causes

There were several causes of the Great Depression, including the stock market crash of 1929, the overproduction of goods, and the decrease in international trade. The stock market crash of 1929 led to a loss of wealth for many Americans, and it contributed to the start of the Great Depression. Overproduction of goods led to a decrease in demand for goods, which contributed to the economic downturn. The decrease in international trade led to a decrease in economic activity, which contributed to the economic downturn.