US Chapter 23-24
What does the word depression mean in everyday language?
A larger scale of economic recession
How do you think the Hawley- Smoot Tariff affect other countries?
A tax on imported goods. The Smoot-Hawley Tariff Act of June 1930 raised U.S. tariffs to historically high levels.
In 1933, two days after he took office, President Franklin Roosevelt
Closed all banks for a short period
What circumstances could have promoted actions as drastic as the march of the bonus army across the country?
Economic desperation
All of the following statements regarding the 1932 "Bonus Army" are true
Hoover called some marchers behavior evidence of uncontrolled violence and radicalism Several thousand american veterans camp out in washington congress refused to formally consider the demands of the army Many americans viewed president hoover as unsympathetic to the veterans
To oversee activities in the stock market, in 1934 Congress established the
Securities and Exchange Commission
President Franklin Roosevelt's proposal to expand the Supreme Court
Was eventually defeated in congress
How do you think the government and economists use the great depression as a model today
What not to do
The 1930s films of director Frank Capra typically displayed:
a populist admiration for ordinary Americans
During the Second New Deal, President Franklin Roosevelt
became more willing to attack corporate interests openly.
The federal government's response to the "Bonus Army" included
both the use of six tanks to rout the veterans from Washington, and the injuring of over 100 marchers.
As herbert Hoover began his presidency, he:
considered the country's economic future bright
The National Labor Relations Act of 1935
gave government the authority to force employers to accept labor unions.
As the depression deepened, President Herbert Hoover
grew less willing to increase federal spending
In 1935, senator Huey Long
had proposed a national wealth-sharing plan that involved heavily taxing the wealthiest Americans
During President Franklin Roosevelt's early days in office
he promised to take drastic, even warlike, action against economic conditions.
In 1939, after the Soviet Union signed a nonaggression pact with Nazi Germany, the American Communist Party:
lost a significant portion of its membership
The "Second New Deal" was launched partly in response to the
persistence of the Great Depression.
Beginning in 1933, the Federal Deposit Insurance Corporation
protected the assets of bank depositors
During its first year, the civil works administration
put four million people to work
Beginning in february 1928 and lasting through most of 1929, the AMerican stock American:
saw the number of shares traded daily soar
One long term consequence of the New Deal was that
the national government assumed a responsibility for the basic welfare of the people
President Herbert Hoover responded to the onset of the Great Depression by
urging a program of voluntary cooperation from business leaders.
The "Dust Bowl" in the 1930s:
was a product of changing environmental conditions