The Great Depression - AP U.S. History
- Which New Deal program was declared unconstitutional in 1935?
- National Industrial Recovery Act (NIRA). Supreme Court ruled it violated constitutional separation of powers.
- Identify the agency created to regulate the stock market during the New Deal.
- Securities and Exchange Commission (SEC). Restored investor confidence and prevented market manipulation.
- Identify the policy that reformed the banking system and restored confidence.
- The Banking Act of 1933. Glass-Steagall Act separated commercial and investment banking.
- Which U.S. President initiated the New Deal programs?
- Franklin D. Roosevelt. Elected in 1932, implementing extensive government programs.
- What was the impact of the Great Depression on global trade?
- Global trade declined significantly. International commerce collapsed due to reduced purchasing power.
- Which program was known for establishing minimum wage and maximum work hours?
- Fair Labor Standards Act. Established basic worker protections and labor standards.
- Which event marked the end of the Great Depression?
- The onset of World War II. War production finally ended unemployment and economic stagnation.
- Identify the New Deal program aimed at providing electricity to rural areas.
- Tennessee Valley Authority (TVA). Brought modernization and economic development to the region.
- What was the primary cause of bank failures during the Great Depression?
- Massive withdrawals or bank runs. Panicked depositors withdrew funds, causing institutional collapse.
- What was the main goal of the New Deal?
- Relief, Recovery, and Reform. The three Rs strategy to address economic crisis comprehensively.
- Identify the term that describes the severe drought and dust storms during the 1930s.
- The Dust Bowl. Caused by severe drought and poor farming practices.
- What was the purpose of the Emergency Banking Relief Act of 1933?
- To stabilize the banking system. Restored confidence through federal oversight and regulation.
- Identify the year the stock market crashed, marking the Great Depression's beginning.
- 1929. Black Tuesday occurred on October 29, 1929.
- Identify the author of 'The Grapes of Wrath,' depicting the Depression-era struggles.
- John Steinbeck. Documented migrant workers' hardships during the Depression era.
- Which economic theory did John Maynard Keynes advocate during the Depression?
- Keynesian economics, promoting government spending. Advocated government intervention to stimulate economic recovery.
- Which New Deal program provided jobs for young men in conservation projects?
- Civilian Conservation Corps (CCC). Employed youth in reforestation and park development projects.
- What was the unemployment rate at the peak of the Great Depression?
- Approximately 25%. Peak unemployment reached historic levels in 1933.
- State the purpose of the Social Security Act of 1935.
- To provide financial assistance to the elderly and unemployed. Created a social safety net for vulnerable populations.
- Identify the initiative that aimed to create jobs through infrastructure projects.
- Public Works Administration (PWA). Built roads, bridges, and public buildings nationwide.
- What was the significance of the Wagner Act of 1935?
- It guaranteed the right to unionize and collective bargaining. Strengthened organized labor and protected workers' rights.
- What was the purpose of the Agricultural Adjustment Act (AAA)?
- To raise crop prices by paying farmers to reduce production. Reduced supply to increase agricultural commodity prices.
- What was the primary economic policy used by President Hoover to combat the Depression?
- Laissez-faire economics. Minimal government intervention, believing markets would self-correct.
- What did the Glass-Steagall Act of 1933 establish?
- Federal Deposit Insurance Corporation (FDIC). Protected bank deposits and restored public confidence.
- What was the purpose of the Federal Emergency Relief Administration (FERA)?
- To provide direct relief to the unemployed. Provided immediate assistance to those without work.
- Which New Deal program focused on providing public works jobs?
- Works Progress Administration (WPA). Largest New Deal employment program for infrastructure projects.
- What event is widely considered the start of the Great Depression?
- The stock market crash of 1929. Black Tuesday signaled economic collapse and widespread financial panic.
- What was one effect of the Great Depression on American families?
- Increase in unemployment and poverty. Economic hardship devastated household income and stability.
- Identify the program that provided financial aid to the unemployed and elderly.
- Social Security Act. Established permanent social welfare system for Americans.
- Identify the New Deal program that helped stabilize agricultural prices.
- Agricultural Adjustment Act (AAA). Addressed farm overproduction and falling commodity prices.
- Which New Deal program aimed to assist homeowners with mortgage payments?
- Home Owners' Loan Corporation (HOLC). Refinanced mortgages to prevent widespread home foreclosures.
- What was the purpose of the Public Works Administration (PWA)?
- To fund large-scale public works projects. Created jobs while improving national infrastructure systems.
- Identify the policy that aimed to insure bank deposits up to a certain amount.
- Federal Deposit Insurance Corporation (FDIC). Prevented bank runs by guaranteeing individual deposits.
- Which act aimed to alleviate poverty among the elderly?
- Social Security Act. Provided retirement income and support for elderly Americans.
- What was the main criticism of the New Deal by conservatives?
- It expanded government intervention too much. Conservatives feared socialism and loss of free market principles.
- What did the National Labor Relations Act of 1935 establish?
- Workers' rights to unionize and bargain collectively. Protected union formation and collective bargaining processes.
- What is the term for government spending that exceeds revenue?
- Deficit spending. Keynesian strategy to stimulate economic growth through spending.
- What was the outcome of the 1936 presidential election regarding the New Deal?
- A landslide victory for Roosevelt, endorsing the New Deal. Overwhelming public support validated Roosevelt's reform agenda.
- Which region of the United States was most affected by the Dust Bowl?
- The Great Plains. Oklahoma, Kansas, Texas, and surrounding states suffered most.
- What was the main goal of the Wagner Act?
- To protect workers' rights to unionize. Strengthened labor movement and collective bargaining rights.