Name_____________________________ Class Pd_______ Riney US History Chap 17/18: The Great Depression & FDR’s New Deal I. II. A completed test review will be worth 5 pts on test DO NOT rely on this test review only to study for test. There will be questions from packet/notes etc. that are not necessarily listed on this review!!!!! A completed test review will earn you the right to complete test corrections after the test is scored. Only those who turn in a COMPLETED test review will be given the opportunity to do test corrections IF YOU ARE ABSENT ON TEST DAY – THIS TEST REVIEW WILL ONLY COUNT FOR EXTRA PTS AND TEST CORRECTION ABILITY IF TEST IS MADE UP ACCORDING TO MHS POLICY AS WRITTEN IN STUDENT HANDBOOK. - # OF DAYS ABSENT + 1. Test corrections will be offered on your own time (before/after class – not during class) Test corrections must be completed within 1 week of taking test. Test corrections will be worth 50 percent of total corrected. For example, if you score a 60 on the test (meaning you lost 40 points), you will be able to achieve a maximum score of 80. All work must be done individually. I will not accept test reviews with the same wrong answers (that’s how I catch ya!) Self Check Quiz : 3 pts extra credit on test http://www.glencoe.com/sec/socialstudies/ushistory/tar22003/tx/index.php4 - select self-check quiz – Can be emailed to me criney@misd.org or printed out Powerpoint online: http://classroom.misd.org/webs/criney/ - select US history download page Vocabulary: complete puzzles in this review packet Who to know: Herbert Hoover Franklin D. Roosevelt Father Charles Coughlin Huey Long John Maynard Keynes Eleanor Roosevelt Federal Reserve Board Francis Perkins Francis Townshend Bonus Army __________________________ I am the 31st President of the US (Republican). I was elected in 1928 in the last years of the Roaring 20s. I was a supporter of Laissez Faire who advocated rugged individualism. When the Great Depression hit, I was slow to respond because I accepted that recessions and depressions were all part of a normal business cycle. I was against direct fed. gov’t aid instead favoring voluntary actions or state and local programs. __________________________ I am the 32nd President of the US (Democrat) and the only to be elected to 4 terms in office! I was elected easily because most people blamed Hoover and the Republicans for failing to address the Depressions issues aggressively enough. I tackled Depressions issues through numerous New Deal programs showing that I was willing to use fed. gov’t intervention to solve economic problems and assist the needy. I lost some popularity when I interfered with the constitutional principles of Separation of Powers and Checks and Balances by trying to increase the number of justices in the Supreme Court and impose retirement rules upon them. __________________________ I am a left-wing critic of the New Deal. I advocated a plan to free up jobs for the unemployed by forcing people into retirement at age 60 and then giving them a $200/mo. pensions __________________________ I am a left-wing critic of FDR. I called for a redistribution of wealth by taxing the rich and distributing money to the poor and middle class. I called for the nationalization of banking and big business. I was known as the “Radio Priest.” __________________________ I am a left-wing critic of FDR who believe in sharing the wealth and making “every man a king” by taking money from the rich and giving it to the needy. (Wasn’t that Robin Hood?) __________________________ I am the very popular wife of the 32nd President . __________________________ I am a group of WWI Veterans who went to Wash DC to demand an early bonus. President Hoover’s reputation was permanently tarnished when he sent the army to clear us out. When we returned during FDR’s administration, FDR sent out his wife __________________________ I am the first woman to serve in a cabinet level post. I was appointed by FDR to be his Sec. of Labor. __________________________ We are responsible for controlling the money supply and interest rates in the US. During the Depression, several mistakes were made. We initially kept interests too low which encouraged overproduction, and then we raised them at a time when we should have kept them low. __________________________ I am an economist who argued that in times of recession, the gov’t should SPEND heavily even if it ran a DEFICIT in order to jump start the economy. FDR followed my advice. (Many presidents since FDR have followed my advice too – see current national debt figures http://www.usdebtclock.org/ Yikes!) III. Great Depression and New Deal Programs Agricultural Adjustment Administration (AAA) Civilian Conservation Corp (CCC) Fair Labor Standard Act (FLSA) Federal Deposit Insurance Corp (FDIC) Home Owners’ Loan Corporation (HOLC) National Industrial Recovery Administration (NIRA) Public Works Administration (PWA) Reconstruction Finance Corp (RFC) Securities and Exchange Commission (SEC) Tennessee Valley Authority (TVA) Works Progress Administration (WPA) Social Security __________________________ This was a Hoover program that was intended to ease the effects of the Depression by making loans to banks, railroads and agricultural institutions __________________________ This was an FDR banking reform program that exists still today. FDR’s first actions involved the banking crisis – his goal was to restore confidence in the banks. This reform provides gov’t insurance on bank deposits up to a certain amount __________________________ This was a New Deal reform that exists still today. Its purpose is to regulate (establish rules) the stock market and protect investors from fraud. __________________________ This was a New Deal relief program that provided jobs for young men in the field of conservation. The lasting importance of this program was not just that it eased unemployment, but it also instilled camaraderie and education opportunities for young men – thereby reducing the number of young men who embraced political extremism in the US (unlike Europe) __________________________ This was a New Deal recovery program established to speed business recovery. This program established codes regulate prices, output, & general trade practices – permitted collective bargaining of workers and outlawed child labor. This was declared unconstitutional by the Supreme Court in Schecter v. US. b/c Pres. doesn’t have power to assess biz practices – Congress does. So, this is eventually reorganized into the NRA (National Recovery Admin) with congress monitoring its activities – not the President. __________________________ This was a New Deal recovery program that was aimed at helping farmers. The plan was designed to reduce the supply of ag products which would lead to increased prices. This plan was heavily criticized as it involved destroying crops and raising food prices at a time when some were having difficulty feeding their children __________________________ This was a New Deal relief program aimed at decreasing the number of foreclosed homes. This agency refinanced mortgages by lengthening the mortgage repayment term and/or lowered the interest rates for employed homeowners __________________________ This was a New Deal recovery program aimed at improving conditions in 7 southern states and attracting industry in the south. The gov’t built a series of dams to prevent flooding and sell electricity. __________________________ This was a 1935 New Deal relief program that employed millions of workers for construction, arts, theater and literary projects __________________________ This was a New Deal relief program that launched major engineering projects such as powerplants, hwys, bridges and dams (Hoover Dam etc.) __________________________ This was a New Deal reform program that established old-age pensions, unemployment insurance and disability payments – aid to dependent children – establishes the principle that the fed. gov’t is responsible for the economic welfare of those who (through no fault of their own) are unable to work. __________________________ This was a New Deal reform that establishes a minimum wage and maximum working hours IV. Questions 1. For what reasons did many Americans invest in stock in the 1920s? 2. Explain what it means to buy on margin. How did this lead to even more stock purchases/speculation? 3. Why did stock prices began to fall in the late 1920s? 4. In what TWO ways did the stock market crash weaken the nation’s banks? 5. What happened to your money if a bank collapsed in the 1920s? 6. How did high tariffs (especially the Smoot-Hawley Tariff) undermine the 1920s economy? 7. How did mistakes by the FRB contribute to the Depression? 8. List at least 4 effects of the Great Depression. 9. List two causes of the Dust Bowl in the Great Plains region. 10. Why did “Okies” migrate to western states? 11. For what reason was Hoover against deficit spending (how do we pay for deficit spending? 2 ways)? 12. Why did FDR create a bank holiday? 13. How did FDR communicate with the American people? 14. Explain the right-wing opposition to FDR’s New Deal (American Liberty League)? 15. Explain FDR’s court packing plan. Why did he propose this? 16. Explain the political realignment that occurred as a result of FDR and the New Deal – specifically for black Americans. 17. What is the long term legacy of the New Deal? How did the New Deal change the way many people view gov’t?