5 Written Questions

1. - Created a federal insurance program throughout people's working careers.
   - Used to make monthly payments to retired persons over the age of 65.
   - Workers who lost their jobs, persons who were blind or otherwise disabled, and dependent children and their mothers also received benefits
2. - Gave both the construction industry and homeowners a boost by insuring bank loans for building new houses and repairing old ones
3. - The value of all the goods and services produced by the nation in one year.
   - Dropped from $104 billion to $56 billion in four years, while the nation's income declined by over 50 percent
4. - Recovery program
   - Guaranteed individual bank deposits up to $5,000
5. - Employed young men on projects on federal lands and paid their families small monthly sums

5 Matching Questions

1. Reconstruction Finance Corporation
2. Twentieth Amendment
3. Relief, Recovery, Reform
4. Indian Reorganization Act
5. National Recovery Administration

1. a - returned lands to the control of tribes and supported the preservation of Native Americans cultures.
2. b - Was an attempt to guarantee reasonable profits for business and fair wages and hours for labor.
   - Could help each industry set code for wages, hours for work, levels of production, and prices of finished goods.
   - Gave workers the right to organize and bargain collectively.
3. c - Relief for people out of work
   - Recovery for business and the economy as a whole
   - Reform for American economic institutions
4. d - This federally funded, government-owned corporation was created by Congress early in 1932 as a measure for propping up faltering railroads, banks, life insurance companies, and other financial institutions.
   - Reasoned that emergency loans would help to stabilize these key businesses.
   - The benefits would then "trickle down" to smaller businesses and ultimately bring recovery.
5. e - Passed in February 1933 and ratified by October 1933, shortened the period between presidential election and inauguration.

5 Multiple Choice Questions

1. - Was a huge experiment in regional development and public planning.
   - As a government corporation, it hired thousands of people in one of the nation's poorest regions to build dams, operate electric power plants, control flooding and erosion, and manufacture fertilizer.
   - Sold electricity to residents of the region at rates that were well below those previously charged by a private power company
   1. Tennessee Valley Authority
   2. Twentieth Amendment
   3. Black Tuesday and Thursday
   4. Gross National Product
2. By November, it had fallen from its September high of 381 to 198.
   1. Farm Board
   2. Dow Jones index
   3. Bonus March
   4. Twentieth Amendment
3. - Provided loans to sharecroppers, tenants, and small farmers.
   - Established federal camps where migrant workers could find decent housing
   1. Public Works Administration
   2. Resettlement Administration
   3. Federal Housing Administration
   4. Works Progress Administration
4. - Was actually created in 1929, before the stock market crash, but its powers were later enlarged to meet the economic crisis.
   - Was authorized to help farmers stabilize prices by temporarily holding surplus grain and cotton in storage.
   - The programs, however, was much too modest to handle the continued overproduction of farm goods.
   1. Dow Jones index
   2. Farm Board
   3. Hawley-Smoot Tariff
   4. Bonus March
5. - Spent billions of dollars between 1935 and 1940 to provide people with jobs.
   - It employed 3.4 million men and women who had formerly been on the relief rolls of state and local governments. It paid them double the relief rate but less than the going wage for regular workers.
   - Most workers were put to work constructing new bridges, roads, airports, and public buildings.
   1. Works Progress Administration
   2. Public Works Administration
   3. Federal Housing Administration
   4. Resettlement Administration

5 True/False Questions

1. Fair Employment Practices Committee → - An executive order in 1941 set up a committee to assist minorities in gaining jobs in defense industries.

   True        False

2. Bonus March → - Was actually created in 1929, before the stock market crash, but its powers were later enlarged to meet the economic crisis.
   - Was authorized to help farmers stabilize prices by temporarily holding surplus grain and cotton in storage.
   - The programs, however, was much too modest to handle the continued overproduction of farm goods.

   True        False

3. Public Works Administration → - Relief for the unemployed
   - Allotted money to state and local governments for building roads, bridges, dams, and other public works.
   - Such construction projects were a source of thousands of jobs

   True        False

4. Black Tuesday and Thursday → - Although stock prices had fluctuated greatly for several weeks preceding the crash, the true panic did not begin until a Thursday in late October.
   - On October 24, 1929, there was an unprecedented volume of selling on Wall Street, and stock prices plunged. A group of bankers bought millions of dollars of stocks in an effort to stabilize prices.
   - On October 29, the bottom fell out, as millions of panicky investors order their brokers to sell, when they were practically no buyers to be found.

   True        False

5. Congress of Industrial Organization → - the industrial unions joining together

   True        False