eQuizShow
Great Depression and New Deal
Crash of '29
Question: What do we call October 29, 1929, a day when stock prices fell dramatically?
Answer: Black Tuesday
Question: In any market, what do we call a dramatic over inflation in prices?
Answer: Bubble
Question: What do we call buying stock shares with borrowed money?
Answer: Buying on margin
Question: What term refers to having too much of a good on the market, reducing prices?
Answer: Overproduction
Question: What term refers to consumers not buying enough of a product to sustain suppliers?
Answer: Underconsumption
Economics
Question: What did economist John Maynard Keynes argue that governments should do in order to relieve sluggish economies?
Answer: Spend/stimulate
Question: What economic system, promising to bring equality for all, appealed to many Americans who were upset with the bad economy of the 1930s?
Answer: Communism
Question: Whom did many unemployed males blame for their economic problems during the Depression?
Answer: themselves
Question: Critics of FDR's New Deal reforms accused him of moving America toward...
Answer: Socialism or communism
Question: What environmental disaster added to the financial woes of mid westerners?
Answer: Dust Bowl
Personalities
Question: What president had the misfortune to in office when the Depression started?
Answer: Herbert Hoover
Question: Who was the Democratic presidential candidate who won the 1932 election?
Answer: Franklin Delano Roosevelt
Question: What leader was rising to power in Germany during the 1930s, in part by blaming Jews for Germany's economic problems?
Answer: Adolph Hitler
Question: Who was the Soviet dictator who starved and executed large numbers of citizens in pushing his agricultural and industrial policies?
Answer: Joseph Stalin
Question: Which president believed in minimal government action to help the economy, believing that less government is better?
Answer: Herbert Hoover
Agencies and laws
Question: What 1930s law provided old-age pensions and unemployment insurance?
Answer: Social Security Act
Question: What phrase describes the idea that government should provide for the well-being of its citizens?
Answer: Welfare state
Question: What agency sought to bring economic development to a poor region of the country through dams, electricity, flood control, and river navigation?
Answer: Tennessee Valley Authority
Question: What federal agency insures our bank deposits?
Answer: Federal Deposit Insurance Corporation (FDIC)
Question: What law guarantees workers a right to form unions and to bargain collectively?
Answer: National Labor Relations Act
Responses
Question: What mistake did the Federal Reserve make in responding to the stock market crash, making borrowing more expensive and reducing jobs and spending?
Answer: Raised interest rates
Question: What law led to higher taxes on imports, leading to retaliation by other countries and cutting American manufacturing?
Answer: Hawley-Smoot Tariff Act
Question: What do we call the start of FDR's first two presidential terms, referring to rapid action by him and the Congress?
Answer: First Hundred Days
Question: What action did FDR take early on to restore confidence in the banking system?
Answer: Bank holiday (closed the banks)
Question: What term describes facilities built with tax dollars, despite the market not "needing" the projects to be built?
Answer: Public works