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How did most investors react to a sudden fall in stock prices in 1929?
They raced to sell their stocks
After the Crash, thousands of American banks closed, because they
could not return depositors' money.
During the Depression, African Americans, Hispanics, and Asian Americans
often lost jobs to white laborer
What was one effect of the wage cuts and unemployment of the 1930s
Hoovervilles sprang up in the nation's cities.
Hoover believed the best way to end the Depression was through
voluntary controls by American businesses
Why did FDR declare a "bank holiday" early in his administration?
to inspect the financial health of the banks
In his first few months in office, President Roosevelt
pushed Congress to pass legislation to improve the economy
Which of the following best characterizes Roosevelt's first hundred days in office?
He pushed Congress to pass legislation to improve 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.
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