Chapter 23 MC PT 2 pg 655 - 659

31. As Herbert Hoover began his presidency, he A. considered the country's economic future bright. B. assumed the economy might suffer a mild recession. C. feared a depression. D. called for voluntary guidelines to stabilize the stock market. E. renounced his earlier policy of associationalism.

A

35. The Hoover administration addressed the economic situation of American farmers with the A. Agricultural Marketing Act. B. Soil Conservation Act. C. Agricultural Adjustment Act. D. Farm Security Administration. E. Rural Electrification Administration.

A

38. In 1932, the Reconstruction Finance Corporation A. lent funds only to financial institutions with sufficient collateral. B. was created by Congress over President Herbert Hoover's veto. C. focused most of its spending on large urban cities in the Northeast. D. was ruled unconstitutional by the Supreme Court. E. spent most of its money trying to prop up unstable local banks.

A

33. As the depression deepened, President Herbert Hoover A. encouraged businessmen to reduce their industrial production. B. grew less willing to increase federal spending. C. began to experiment with untried economic principles. D. called for a reduction in taxes. E. stopped worrying about trying to balance the budget.

B

39. In 1932, the Farmers' Holiday Association A. began and spread throughout the South. B. was essentially a farmers' strike. C. led to more public money being sent to rural areas. D. called on farmers to leave their lands unplanted. E. argued that farmers should also reap the benefits of welfare capitalism.

B

42. Prior to 1932, Franklin Roosevelt had been all of the following EXCEPT A. assistant secretary of the navy. B. vice president of the United States. C. governor of New York. D. a state legislator. E. a Hudson Valley aristocrat.

B

32. President Herbert Hoover responded to the onset of the Great Depression by A. proposing a series of economic reform programs. B. shutting down the bank system until confidence in it could be restored. C. urging a program of voluntary cooperation from business leaders. D. calling for a tax increase to prevent a federal deficit. E. calling for a system of social security to alleviate individual suffering.

C

44. Franklin Roosevelt's victory over Herbert Hoover in 1932 A. saw Roosevelt carry every state. B. was disputed in several states. C. was a convincing mandate. D. was decided only in the final days of the election. E. All these answers are correct.

C

36. After Democrats won control of Congress in the 1930 elections, President Herbert Hoover A. criticized voters for abandoning the economic principles of the Republican Party. B. told reporters that his economic recovery policies had not been successful. C. urged the new Congress to construct "Hoovervilles" to shelter the unemployed. D. refused to support a more vigorous public spending program for relief. E. deferred to their economic agenda of relief and public spending programs.

D

37. The Reconstruction Finance Corporation (RFC) A. was created to provide federal loans to troubled banks and businesses. B. was created in the first year of Herbert Hoover's administration. C. included a $1.5 billion public works budget. D. included a $1.5 billion public works budget, and was created to provide federal loans to troubled banks and businesses. E. All these answers are correct.

D

41. The federal government's response to the "Bonus Army" included A. the use of six tanks to rout the veterans from Washington. B. General Jack Pershing exceeding his orders to remove the veterans. C. the injuring of over 100 marchers. D. both the use of six tanks to rout the veterans from Washington, and the injuring of over 100 marchers. E. All these answers are correct.

D

45. Between his election in 1932 and the inauguration in 1933, Franklin Roosevelt A. declared he would dramatically increase government spending. B. promised to maintain a balanced federal budget. C. made no public statements. D. refused to make any agreements on the economic direction of the country with the outgoing president, Herbert Hoover. E. established the Works Progress Administration.

D

34. The Hawley-Smoot Tariff of 1930 A. gave incentives to Europeans to sell their goods in the United States. B. was designed to stimulate U.S. exports. C. increased tariffs on industrial products, but left farm products' rates unchanged. D. both gave incentives to Europeans to sell their goods in the U.S., and was designed to stimulate U.S. exports. E. None of these answers is correct.

E

40. All of the following statements regarding the 1932 "Bonus Army" are true EXCEPT that A. Hoover called some marchers' behavior evidence of uncontrolled violence and radicalism. B. several thousand American veterans camped out in Washington, D.C. C. Congress refused to formally consider the demands of the "Army." D. many Americans viewed President Hoover as unsympathetic to the veterans. E. the "Army" demanded Congress create relief programs for World War I veterans.

E

43. In 1932, Franklin Roosevelt's promise of a "new deal" for America included a commitment to A. spending billions of dollars to assist in economic recovery. B. providing relief jobs to millions of unemployed Americans. C. passing legislation establishing a nationwide program of social security. D. both spending billions of dollars to assist in economic recovery, and providing relief jobs to millions of unemployed Americans. E. None of these answers is correct.

E