Great Depression Review

The Great Depression was a worldwide economic crisis characterized by all of the following EXCEPT:

• A decrease in unemployment

• A decrease in spending and investment

• A decrease in production

• A decrease in income

All of the following are causes of the Great Depression EXCEPT:

• Underconsumption

• Overextended Credit

• Homelessness

• Bank Failures

The Stock Market Crash of 1929

• Was a result of unpaid loans given out by banks

• Caused by an increase in factory layoffs due to underconsumtion

• Was due to over production as a result of increases during WWI

• Was a result of over-speculaiton and stocks bought on margin

Which of the following was NOT an impact of the Great Depression in the 1930s?

• The number of bread lines and soup kitchens increased to feed the hungry.

• People who lost homes due to foreclosure lived in Hoovervilles they built outside of cities.

• People bought new appliances on installment plans, creating false wealth.

• The unemployment rate in the United States increased above 10%.

President Hoover created the Reconstruction Finance Corporation, which successfully ended the Great Depression.

• True

• False

Which of the following best describes President Hoover's reaction to the Bonus Army?

• Hoover encouraged Congress to pass the bill to grant the bonuses early.

• Hoover built a shantytown for the Bonus Army to live in.

• Hoover encouraged the establishment of the New Deal to aid the army.

• Hoover ordered the army to evict them from the Hooverville in D.C.

Fireside chats, which updated citizens about events impacting the U.S. and increased citizens' confidence in the government, were given by which President?

• Woodrow Wilson

• Calvin Coolidge

• Herbert Hoover

• Franklin Roosevelt

What were the goals of FDR's New Deal?

• A chicken in every pot

• Trickle Down Economics

• Relief, Recovery, Reform

• No Social Classes

The New Deal did all of the following EXCEPT:

• Increased government involvement in the U.S.

• Successfully ended the Great Depression

• Increased government spending and created deficits

• Provided some help for those suffering the effects of the Depression

Which New Deal program offered unemployment, disability, and retirement benefits?

• Securities and Exchange Commission

• Civilian Conservation Corps

• Glass Stegall Act

• Social Security Act