The Great Depression and the Roaring Twenties
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Questions and Answers

What was the primary purpose of the Securities Act of 1933?

  • To provide insurance for bank deposits and prevent speculative practices
  • To lower tariffs and increase international trade
  • To impose taxes on the wealthy and corporations
  • To regulate the stock market and ensure companies reported stock sales (correct)

What was the result of the New Deal's efforts in the banking system?

  • The banking system stabilized (correct)
  • The economy fully recovered from the Great Depression
  • The stock market collapsed further
  • Unemployment rates decreased dramatically

What was the result of the Tariff Act of 1930?

  • An increase in international trade
  • The Great Depression immediately ended
  • No change in international trade
  • A decrease in international trade (correct)

What was the main goal of Franklin D. Roosevelt's relief programs?

<p>To provide aid and employment to those who had lost their savings and needed work (B)</p> Signup and view all the answers

Why did some economists argue that the New Deal prolonged the Depression?

<p>Because it prevented the economy from naturally recovering (C)</p> Signup and view all the answers

What was the purpose of the Agriculture Adjustment Administration?

<p>To provide aid to farmers in exchange for not harvesting their crops (D)</p> Signup and view all the answers

What was the primary reason for the decrease in unemployment rates in the 1940s?

<p>The production increase to supply the war effort in World War II (D)</p> Signup and view all the answers

What was the general consensus among scholars regarding the New Deal's impact?

<p>The New Deal had a broadly positive effect (B)</p> Signup and view all the answers

What was the main goal of the National Recovery Administration?

<p>To restore the economy to healthy levels (B)</p> Signup and view all the answers

What was the significance of the Blue Eagle campaign?

<p>It demonstrated companies' support for workers, therefore attracting customers (B)</p> Signup and view all the answers

What was the primary reason for the speculation in the stock market during the 1920s?

<p>People were confident the market would keep growing. (D)</p> Signup and view all the answers

What was the result of the brokerages calling in their loans during the Great Depression?

<p>Many investors defaulted on their debts. (A)</p> Signup and view all the answers

What was the consequence of the bank runs during the Great Depression?

<p>Many banks failed due to a lack of funds. (D)</p> Signup and view all the answers

Who is credited with warning investors about the impending stock market crash?

<p>Economist Roger Babson (A)</p> Signup and view all the answers

What was the overall effect of the stock market crash on the economy?

<p>Profits and the money supply plummeted, leading to a decline in investments and demand. (B)</p> Signup and view all the answers

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