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Which of the following was NOT an underlying cause of the Great Depression?
a) Underconsumption
b) The effects of World War 1
c) The fragility of the banking system
d) The vastly unequal distribution of wealth
b) The effects of World War 1
The Mellon tax plan
a) helped lift the nation out of the Great Depression
b) was adopted by FDR as a remedy for underconsumption
c) distributed wealth evenly between the nation's social classes
d) led to underconsumption and wild speculation in the stock market
d) led to underconsumption and wild speculation in the stock market
The Hawley-Smoot Tariff
a) facilitated improved trade relations between the United States and its trade partners
b) reduced the tax on imported industrial goods, thus hurting American industry
c) was the highest tariff in the nation's history and an underlying cause of the Great Depression
d)was ruled unconstitutional by the Supreme Court
c) was the highest tariff in the nation's history and an underlying cause of the Great Depression
Which of the following is NOT associated with Hoover's ideology in regards to addressing the problems created by the collapse of the economy in 1929?
a) Deficit spending
b) Voluntarism
c) Laissez-faire
d) rugged individualism
a) Deficit spending
Which opponent of FDR introduced an alternative to the New Deal in the form of an Old Age Revolving Pension Plan?
a) Herbert Hoover
b) Huey Long
c) Father Coughlin
d) Francis Townsend
d) Francis Townsend
Which of the following programs was instituted by President Hoover?
a) Federal Deposit Insurance Corporation
b) Home Owners' Loan Corporation
c) Going off of the gold standard
d) Reconstruction Finance Corporation
d) Reconstruction Finance Corporation
The U.S. Supreme Court ruled this New Deal Agency unconstitutional in the 1930s
a) Tennessee Valley Authority
b) Federal Deposit Insurance Corporation
c) National Industrial Recovery Act
d) Federal Housing Administration
c) National Industrial Recovery Act
In order to address the problem of rampant speculation in the stock market, FDR
a) closed the stock exchange for four days
b) placed a limit on how much money an individual or company could invest in the stock market
c) established the Securities and Exchange Commission
d) set a ceiling on how high the price of a stock could go
c) established the Securities and Exchange Commission
The gold standard was
a) a system by which factories were graded based on how they treated their employees
b) a fire safety standard developed in New York City after several tenement fires
c) a system in which paper currency could be turned in for the same amount of gold
d) a system in which members of an elite private Chicago club had to have a certain amount of money to join
c) a system in which paper currency could be turned in for the same amount of gold
FDR's goal to reorganize the federal judiciary
a) provided him the opportunity to replace conservative judges who had been appointed by the previous administration
b) was achieved, but it was ruled unconstitutional by the Supreme Court
c) allowed him to bypass the judiciary when considering new programs and agencies
d) was described by angry critics as "court packing"
d) was described by angry critics as "court packing"
The Social Security Act
a) was designed to provide assistance to the agrarian sector of the economy
b) employed musicians, artists, actors, and writers
c) provided assistance to the elderly and handicapped and to dependent women and children
d) allowed workers to form unions and engage in collective bargaining
c) provided assistance to the elderly and handicapped and to dependent women and children
Which New Deal program established the Federal Deposit Insurance Corporation (FDIC), which protects individual bank deposits?
a) Wagner Act
b) Securities and Exchange Commision
c) Glass-Steagall Banking Reform Act
d) Reorganization Act
c) Glass-Steagall Banking Reform Act
Which of the following was NOT a critic of FDR's New Deal?
a) Frances Perkins
b) Huey Long
c) Charles Coughlin
d) Henry Ford
a) Frances Perkins
The National Recovery Administration (NRA) sought to address which of the following economic concerns with relief, recovery, and reform?
a) Banking, industry, and trade
b) Unemployment, labor, and industry
c) Labor, trade, and banking
d) Farming, banking, and unemployment
b) Unemployment, labor, and industry
Opposition to the Fair Labor Standards Act came primarily from?
a) labor unions
b) the agrarian sector
c) black Americans
d) southern states
d) southern states