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Questions and Answers
What is the term used to describe the cyclical nature of the economy, with periods of success and failure?
What is the term used to describe the cyclical nature of the economy, with periods of success and failure?
- Economic crisis
- Market fluctuations
- Economic instability
- Boom-and-bust cycle (correct)
What was the main cause of the stock market crash on 'Black Tuesday' in 1929?
What was the main cause of the stock market crash on 'Black Tuesday' in 1929?
- Decreased international trade
- High unemployment rates
- Bank failures and loss of savings
- Overspeculation in the stock market (correct)
What was the main impact of the stock market crash on businesses and people?
What was the main impact of the stock market crash on businesses and people?
- Reduced business failures and unemployment
- No significant impact on the economy
- Increased stock prices and consumer spending
- Businesses had to lay off workers and prices decreased (correct)
What was the impact of the 'Dust Bowl' on the Great Depression?
What was the impact of the 'Dust Bowl' on the Great Depression?
How did President Hoover initially respond to the Great Depression?
How did President Hoover initially respond to the Great Depression?
What was the Reconstruction Finance Corporation created by Hoover intended to do?
What was the Reconstruction Finance Corporation created by Hoover intended to do?
What were the 'Hoovervilles' mentioned in the text?
What were the 'Hoovervilles' mentioned in the text?
What approach did Roosevelt take to address the Great Depression?
What approach did Roosevelt take to address the Great Depression?
What was the purpose of Roosevelt's 'fireside chats'?
What was the purpose of Roosevelt's 'fireside chats'?
What were the three main components of Roosevelt's New Deal plan?
What were the three main components of Roosevelt's New Deal plan?
What was the purpose of the Federal Deposit Insurance Corporation (FDIC) established under the New Deal?
What was the purpose of the Federal Deposit Insurance Corporation (FDIC) established under the New Deal?
How did the Federal Reserve's monetary policy aim to combat the Great Depression?
How did the Federal Reserve's monetary policy aim to combat the Great Depression?
What did Roosevelt encourage Americans to rely on instead of the gold standard?
What did Roosevelt encourage Americans to rely on instead of the gold standard?
Which of the following was NOT a proposed solution to the Great Depression by opponents of the New Deal?
Which of the following was NOT a proposed solution to the Great Depression by opponents of the New Deal?
What did the Supreme Court rule regarding some of Roosevelt's New Deal legislation?
What did the Supreme Court rule regarding some of Roosevelt's New Deal legislation?
What amendment was passed after Roosevelt's fourth term to limit the presidency?
What amendment was passed after Roosevelt's fourth term to limit the presidency?
How did the Great Depression impact the role of the federal government in the long term?
How did the Great Depression impact the role of the federal government in the long term?
What was the primary goal of Roosevelt's New Deal plan?
What was the primary goal of Roosevelt's New Deal plan?
What was the purpose of Roosevelt's 'fireside chats' on the radio?
What was the purpose of Roosevelt's 'fireside chats' on the radio?
What was the role of the Federal Deposit Insurance Corporation (FDIC) established under the New Deal?
What was the role of the Federal Deposit Insurance Corporation (FDIC) established under the New Deal?
What was the purpose of the Securities and Exchange Commission (SEC) created under the New Deal?
What was the purpose of the Securities and Exchange Commission (SEC) created under the New Deal?
What was the primary goal of the Social Security Act enacted under the New Deal?
What was the primary goal of the Social Security Act enacted under the New Deal?
How did the Federal Reserve's monetary policy aim to combat the Great Depression?
How did the Federal Reserve's monetary policy aim to combat the Great Depression?
What did Roosevelt encourage Americans to rely on instead of the gold standard?
What did Roosevelt encourage Americans to rely on instead of the gold standard?
What was the main criticism of the Supreme Court regarding some of Roosevelt's New Deal legislation?
What was the main criticism of the Supreme Court regarding some of Roosevelt's New Deal legislation?
What was Roosevelt's proposed solution to address the Supreme Court's rulings against his New Deal legislation?
What was Roosevelt's proposed solution to address the Supreme Court's rulings against his New Deal legislation?
What was the lasting impact of the Great Depression on American politics and society?
What was the lasting impact of the Great Depression on American politics and society?
What was the primary cause of the stock market crash on 'Black Tuesday' in 1929?
What was the primary cause of the stock market crash on 'Black Tuesday' in 1929?
How did the Great Depression impact employment in the United States?
How did the Great Depression impact employment in the United States?
What was the initial response of President Hoover to the Great Depression?
What was the initial response of President Hoover to the Great Depression?
What was the impact of the 'Dust Bowl' on the Great Depression?
What was the impact of the 'Dust Bowl' on the Great Depression?
How did the Great Depression impact the role of the federal government in the long term?
How did the Great Depression impact the role of the federal government in the long term?
What was the purpose of the Reconstruction Finance Corporation created by Hoover?
What was the purpose of the Reconstruction Finance Corporation created by Hoover?
What was the main impact of the stock market crash on businesses and people?
What was the main impact of the stock market crash on businesses and people?
What was the term used to describe the cyclical nature of the economy, with periods of success and failure?
What was the term used to describe the cyclical nature of the economy, with periods of success and failure?
How did the Smoot-Hawley Tariff contribute to the Great Depression?
How did the Smoot-Hawley Tariff contribute to the Great Depression?
What were the 'Hoovervilles' mentioned in the text?
What were the 'Hoovervilles' mentioned in the text?
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