1. What event marked the beginning of the Great Depression?
a) The stock market crash of 1929
b) The signing of the Treaty of Versailles
c) The start of World War II
d) The launch of the New Deal
2. What was one effect of the stock market crash of 1929 on the American economy?
a) Unemployment rates decreased
b) Banks experienced record profits
c) Many businesses went bankrupt
d) Consumer spending increased
3. How did President Herbert Hoover respond to the economic crisis of the Great Depression?
a) He implemented large-scale government programs to create jobs
b) He believed in an approach of laissez-faire economics and minimal government intervention
c) He raised taxes on the wealthy to generate revenue for social programs
d) He proposed an increase in tariffs to protect American businesses
4. Which New Deal program was created to provide financial assistance to elderly and disabled individuals?
a) Social Security
b) CCC (Civilian Conservation Corps)
c) AAA (Agricultural Adjustment Act)
d) TVA (Tennessee Valley Authority)
5. How did the Great Depression impact American society?
a) It led to increased social inequality and poverty
b) It strengthened the middle class and improved living standards
c) It had little to no effect on the average American citizen
d) It resulted in a boom in consumer spending and economic growth
6. Which industry was hit the hardest during the Great Depression?
a) Agriculture
b) Manufacturing
c) Technology
d) Healthcare
7. What did President Franklin D. Roosevelt do to address the banking crisis during the Great Depression?
a) He closed all banks to prevent further economic collapse
b) He created the Federal Deposit Insurance Corporation to insure bank deposits
c) He nationalized all banks and put them under government control
d) He deregulated the banking industry to allow for more competition
8. True or False: The New Deal programs helped to reduce unemployment and stimulate economic recovery during the Great Depression.
a) True
b) False
Answers:
1. a) The stock market crash of 1929
2. c) Many businesses went bankrupt
3. b) He believed in an approach of laissez-faire economics and minimal government intervention
4. a) Social Security
5. a) It led to increased social inequality and poverty
6. a) Agriculture
7. b) He created the Federal Deposit Insurance Corporation to insure bank deposits
8. a) True
Unit 4 lesson 4 the Great Depression quiz
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