The Great Depression and New Deal UPDATED ACTUAL Questions and CORRECT Answers
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The Great Depression and New Deal
Institution
The Great Depression And New Deal
The Great Depression and New Deal
UPDATED ACTUAL Questions and
CORRECT Answers
Causes of the Great Depression - CORRECT ANSWER- 1. Stock Market Crash
2. Speculation
3. Buying on Margin
4. High tariffs and war debt policies that cut down the foreign market for American goods.
5. crisis in th...
The Great Depression and New Deal
UPDATED ACTUAL Questions and
CORRECT Answers
Causes of the Great Depression - CORRECT ANSWER- ✔✔1. Stock Market Crash
2. Speculation
3. Buying on Margin
4. High tariffs and war debt policies that cut down the foreign market for American goods.
5. crisis in the farming industry.
6. availability of easy credit.
7. unequal distribution of income
8. Business Cycle
9. Overproduction
Effects of the Great Depression - CORRECT ANSWER- ✔✔- Many banks fail.
- Many businesses and factories fail.
- Millions of Americans are out of work.
- Many are homeless and hungry.
- Families break up and people suffer
buying on margin - CORRECT ANSWER- ✔✔When you purchase stocks by putting a down
payment on them. The buyer would pay a % of its stock's value and promised to pay the rest
when the stock was sold at a higher price.
Black Tuesday - CORRECT ANSWER- ✔✔October 29, 1929- the day the stock market
crashed, signaling the start of the Great Depression
Great Depression - CORRECT ANSWER- ✔✔Worst period of economic decline in United
States history, beginning in 1929 lasted throughout the 1930's decade. Unemployment
reached record 25%.
, relief program - CORRECT ANSWER- ✔✔government program to provide immediate help
to the needy
soup kitchen - CORRECT ANSWER- ✔✔place where food is provided to the needy at little
or no charge
public works - CORRECT ANSWER- ✔✔projects built by the government to help public
Hoovervilles - CORRECT ANSWER- ✔✔Shanty towns of homeless and unemployed that
sprang up on the outskirts of the cities
Name was meant to mock Hoover's lack on assistance to the people
Works Progress Administration (WPA) - CORRECT ANSWER- ✔✔Agency responsible for
overseeing the Emergency Relief Appropriation Act, which provided employment assistance
directly to the poor.
Hires jobless people to build public buildings and parks.
National Industrial Recovery Act (NIRA) - CORRECT ANSWER- ✔✔Develops rules for
doing business
polio - CORRECT ANSWER- ✔✔highly infectious disease that causes inflammation of the
nerve cells of the brain stem and spinal cord, leading to paralysis. Franklin D. Roosevelt was
stricken with this disease leaving him paralyzed from the waist down.
bank holiday - CORRECT ANSWER- ✔✔All the banks were ordered to close until new laws
could be passed. An emergency banking law was rushed through Congress. The Law set up
new ways for the federal government to funnel money to troubled banks It also required the
Treasury Department to inspect banks before they could re-open.
fireside chat - CORRECT ANSWER- ✔✔informal talks given by FDR over the radio; sat by
White House fireplace; gained the confidence of the people
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