The Great Depression in America
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Questions and Answers

What characterized the Great Depression?

  • Strong economy and reduced poverty
  • Stable banks and decreased poverty
  • Reduced industrial output and high unemployment (correct)
  • Increased industrial output and low unemployment

    • What was President Hoover's initial belief about addressing the economic collapse?

  • He believed direct government involvement would help the economy recover
  • He believed in nationalizing the banking sector
  • He believed in providing financial aid to individuals and businesses
  • He believed the economy would recover without government intervention (correct)

    • What government action did President Hoover take in 1932 to address the economic collapse?

  • He implemented widespread federal intervention in the economy
  • He authorized the federal government to provide direct financial aid to individuals
  • He increased taxes to boost government revenue
  • He authorized the federal government to lend billions of dollars to banks and private companies (correct)

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