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midterm test 5
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?
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
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.