Chapter 25: The Great Depression And The New Deal Quiz

President Hoover, a Republican and former U.S. secretary of commerce, adhered to the belief that the government should not directly intervene in the economy. He maintained that it did not have the responsibility to create jobs or provide economic relief for its citizens, reflecting a philosophy of limited government involvement.

The correct answer is New Deal. President Roosevelt implemented the New Deal policy to address the economic challenges during the Great Depression. This policy aimed to provide relief, recovery, and reform through various programs and initiatives. It included measures such as creating jobs, regulating the stock market, implementing social security, and supporting agricultural and industrial sectors. The New Deal played a significant role in stabilizing the economy and providing assistance to those affected by the Great Depression.

The Dust Bowl refers to a severe ecological and agricultural disaster that occurred in the 1930s in the American Midwest. It was characterized by severe dust storms that destroyed crops, eroded topsoil, and caused widespread economic hardship. The government was forced to take action in response to the devastation caused by the Dust Bowl, implementing various measures such as soil conservation programs and the establishment of the Soil Conservation Service. These actions were aimed at preventing further soil erosion and promoting sustainable farming practices to mitigate the effects of the disaster.

Investors who purchased stocks "on margin" by utilizing borrowed money faced a grim fate during the stock market crash. They experienced a complete wipeout of their investments, as the market's downward spiral rendered their holdings worthless.

President Roosevelt adopted an innovative approach to connect with the public during the crisis through a series of direct radio broadcasts known as "fireside chats." These intimate talks played a crucial role in restoring public confidence.

The correct answer is CCC, which stands for Civilian Conservation Corps. This organization is known for planting approximately 3.5 billion trees. The Civilian Conservation Corps was a program established in the United States during the Great Depression, aimed at providing employment to young men while also addressing environmental conservation needs. The program focused on various conservation projects, including reforestation efforts, which resulted in the planting of millions of trees across the country.

In response to the economic turmoil, President Roosevelt swiftly implemented a four-day "bank holiday." This strategic move involved the temporary closure of all banks, allowing Congress the necessary time to enact reform legislation and determine which banks were financially sound enough to reopen.

The stock market crash of 1929 was initiated by the events of Black Thursday, occurring on October 24. It marked a day when nervous investors, sensing overpriced shares, collectively began selling, leading to a record 12.9 million shares being traded.

Black Tuesday, which unfolded on October 29, 1929, saw a staggering 16 million shares being traded. This heightened trading activity contributed significantly to the severity of the stock market crash.

Consumers did not benefit from the New Deal policy. The New Deal primarily focused on providing relief to farmers, creating jobs, and implementing regulations to stabilize the economy. While it aimed to stimulate economic growth and improve living conditions for Americans, the policies did not directly address the needs and concerns of consumers.