midterm test 5

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When Hoover took office in 1929, most Americans expected

prosperity to continue

How did most investors react to a sudden fall in stock prices in 1929?

They raced to sell their stocks

One sign that the economy might be weakening in the 1920s was

the collapse of large corporations.

The Crash led to

Unemployment for millions of workers

After the Crash, thousands of American banks closed, because they

could not return depositors' money.

The collapse of the American economic system

led to a worldwide depression.

During the Depression, African Americans, Hispanics, and Asian Americans

often lost jobs to white laborer

Which group faced hard times during much of the 1920s?

Farmers

What was one effect of the wage cuts and unemployment of the 1930s

Hoovervilles sprang up in the nation's cities.

Many farms were auctioned off when farmers

could not pay their mortgages

People's physical and mental health declined as a result of

poor diet and anxiety.

During the Depression, working women were

accused of taking jobs away from men.

During the Depression, many members of minority groups

lost their low-paying jobs to whites.

Hoover believed the best way to end the Depression was through

voluntary controls by American businesses

International trade slowed down as a result of

the Hawley-Smoot Tariff

The Reconstruction Finance Corporation aimed to

provide government credit to banks.

To get the Bonus Army marchers to leave the capital, general MacArthur

used force.

Roosevelt easily won the 1932 presidential election by promising

a New Deal for Americans.

Why did FDR declare a "bank holiday" early in his administration?

to inspect the financial health of the banks

What was the Second New Deal?

a wave of legislation including more social welfare benefits

In his first few months in office, President Roosevelt

pushed Congress to pass legislation to improve the economy

The "black cabinet"

an unofficial group of African American officeholders

How did Roosevelt try to help business

by stabilizing industrial prices.

Which of the following best characterizes Roosevelt's first hundred days in office?

He pushed Congress to pass legislation to improve the economy.

Many Republicans criticized the New Deal for

going too far in its attempts to reform the economy.

What criticism did many Progressives make of the New Deal?

It did not do enough to redistribute wealth.

Why are Huey Long and Father Charles E. Coughlin referred to as demagogues?

they manipulated people with half-truths and scare tactics.

Which of the following aroused the greatest opposition?

FDR's attempt to "pack" the Supreme Court

The massive government spending of the New Deal led to

some short-term economic improvement

Under the New Deal, labor unions were

legalized and grew stronger

The most popular movies helped theater-goers

escape the gloom of the Depression

All of the following New Deal agencies still endure today except the

Civilian Conservation Corps.

In the short run, the Wagner Act led to

a rise in union membership and a wave of strikes.

Which of the following was part of the New Deal legacy?

a restored sense of hope among the people

In the late 1930s, movies

often provided a temporary escape for struggling Americans.

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