What was central to John Locke's social contract?

The power of the government should come from the people

Power should come from the church

The power of the government is divine

Individual rights are more important than the common welfare

The Federal Deposit Insurance Corporation (FDIC) protects depositors. The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category. Why did this come about?

So many banks failed during the Great Depression and people lost all their deposited money when banks failed.

The government needed money in banks so the IRS could track taxes and savings.

The Stock Market Crash in October 1929 spurred a loss of investments.

Not enough people were investing in banks

The main cause of the Wall Street crash of 1929 was the long period of speculation that preceded it, during which millions of people invested their savings or borrowed money to buy stocks, pushing prices to unsustainable levels. How did the use of credit impact the Great Depression that followed?

High debt & low consumer demand caused business to lay off workers and the economy declined.

Farmers couldn't get enough credit to keep their farms afloat.

Underconsumption and overproduction led to speculation

Margin calls caused abrupt bank failures in the next 4 years and lack of trust in the economy.

What was a major contributing factor to the stock market crash of 1929?

Speculating and buying stocks on margin

Massive bank failures in 1926 contributed to distrust of the economy

Buying stocks when they were low and selling them within 2 years

The stock market was only reaching highs because of speculation and eventually it had to crash

What is buying on margin?

Buying on margin involves getting a loan from your brokerage and using the money from the loan to invest in more securities than you can buy with your available cash.

Buying on margin involves putting down 10 percent on a car.

Buying on margin is speculating when the market is low and buying stock to sell high

Buying on margin is purchasing commodities on the edge or border of the market. A fringe purchase.

What was the Compromise of 1877?

It pulled the military out of the South and officially ended Reconstruction.

It was a compromise about the Sherman Anti-Trust act that ended monopolies in the US

It was the compromise that ended the Civil War

It was the beginning of the Grover Cleveland's presidency

The octopus has a cap that says "Standard Oil." Standard Oil was a typical 19th-century monopoly. The tentacles are wrapping Capitol Hill and other political buildings. What do you think this represents?

The growing political power of monopolies.

The growing outreach of monopolies over the world.

The effects of large business on politics.

Oil was such an indispensable resources that no one could control it.

New manufacturing methods (mass production; assembly line) and demobilization contributed to what in the 1920s?

The Stock Market Crash in 1929.

A laissez-faire approach to the economy

What was one characteristic about Herbert Hoover that led to the Great Depression?

Government inaction and laissez-faire economics.

Laissez-faire economics that led to speculation

Instructing the Federal Reserve to only bail out banks with solid financials

Instructing the Federal Reserve to let the banks fail

What were two causes of the Dust Bowl that occurred during the 1930s?

Bad government practices that stopped farmers from planting

Poor farming practices and weather

Strong winds from unusual tornadoes; the basis for the Wizard of Oz

What was the main purpose of the WPA?

Providing relief to survivors of the Dust Bowl in the 1930s

Training the military after 1939 and preparing for the inevitable war in Europe

Providing income to retired individuals

What was the purpose of Social Security?

To care for single mothers in the Great Depression

To provide money for unemployed works

This program was meant to protect and conserve the natural treasures of the United States and was intended for young, unmarried men between 18-27.

Civilian Conservation Corps (CCC)

American Federation of Labor (AFL)

Congress of Industrial Organizations (CIO)

Works Progress Administration (WPA)

Why did the stock market crash in 1929 cause people to lose their savings?

Many of the small banks had lent large portions of their assets for stock market speculation and were virtually put out of business overnight when the market crashed

Hoover did nothing to encourage the Federal Reserve to change its policies

Consumer spending and investment began to decrease, which would in turn lead to a decline in production and employment.

The stock market crash of October 1929 left the American public highly nervous and extremely susceptible to rumors of impending financial disaster.

How did Roosevelt respond to multiple uses of judicial review (declaring laws unconstitutional) by the Supreme Court?

He tried to expand the court in a court-packing plan

He tried to nominate a new judge and offered money for 3 to retire

He tried to convince Congress to impeach enough Justices to replace with a majority that would support his plans

He used Yellow Journalism tactics to besmirch the justices and get new ones elected

What was one major failure of Herbert Hoover?

He refused to provide direct financial relief to citizens

He tried to pack the Supreme Court

He failed to expand executive power and preserve the banks

Which New Deal program was mainly dealing with building large infrastructure projects such as bridges and tunnels?

The Public Works Administration

The Works Progress Administration

The Civilian Conservation Corps

The Federal Emergency Relief Administration tried to help the nation recover by

Providing direct financial assistance

Creating jobs for married men older than 25

Eleanor Roosevelt helped to

Create job opportunities for women

Close Japanese Internment Camps

Defeat Truman in the 1944 election

How did credit impact the Great Depression?

The accumulation of household debt caused consumer demand to decline, businesses to lay off workers, and the economy to decline.

The accumulation of debt caused stockbrokers to issue margin calls and caused the market to crash.

The availability of credit allowed farmers to continue producing agricultural goods, lessening the severity of the economic decline.

People spent money without thinking about the consequences and more banks failed.

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Standard 17 & 18 Prep

Quiz

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History

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11th Grade

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Practice Problem

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Medium

Aaron Herring

Used 10+ times

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44 questions

Show all answers

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The establishment of speakeasies in the 1920s was an unintended consequence of which federal government action?

The taxation of imported luxury goods

The deportation of suspected communist sympathizers

The prohibition of the sale of alcoholic beverages

The implementation of immigration restrictions

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one immediate result of Henry Ford's manufacturing methods?

Cars became more affordable for more people

Cars required little fuel to operate efficiently

Cars replaced railroads as the fastest way to ship goods

Cars could be customized

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Prohibition?

A complete ban on the sale of food

A complete ban on the sale of clothes

A complete ban on the sale of alcohol

A complete ban on the sale of cars

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Who built the Model-T (the first mass produced automobile)?

Henry Ford

Charles Lindbergh

Al Capone

General Motors

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A fear of communism that swept the United States following World War I.

Red Scare

Prohibition

Quota

Blue Scare

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

"Buy now, pay later" most closely relates to which of the following?

Stealing

Buying on Margin

Installment Buying

Credit Cards

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following was an example of intolerance in America that specifically dealt with the fear of communism?

Sacco and Vanzetti

The KKK

John Scopes

The Red Scare

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Standard 17 & 18 Prep

44 questions

The establishment of speakeasies in the 1920s was an unintended consequence of which federal government action?

What was one immediate result of Henry Ford's manufacturing methods?

What was Prohibition?

Who built the Model-T (the first mass produced automobile)?

A fear of communism that swept the United States following World War I.

"Buy now, pay later" most closely relates to which of the following?

Which of the following was an example of intolerance in America that specifically dealt with the fear of communism?

Who is the founder of the modern assembly line?

Who was the president during World War I?

What was a major issue during the Nullification Crisis that was precursor to the Civil War?

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