USH Unit 7

Question 1

A system for buying and selling stocks in corporations

Answer 1

Stock Market

Question 2

A long period of rising stock prices

Answer 2

Bull Market

Question 3

Act of buying stocks at great risk with the anticipation that the prices will rise

Answer 3

Speculation

Question 4

Buying a stock by paying only a function of the stock price and borrowing the rest

Answer 4

Buying on Margin

Question 5

October 29, 1929, prices take steepest dive, over 16 million shares of stock sold, about $30 billion lost, stock market crash

Answer 5

Black Tuesday

Question 6

Persistent and heavy demands by a bank’s depositors, creditors, or customers to withdraw money

Answer 6

Bank Run

Question 7

Extreme winds and drought in the Great Plains, agriculture was impacted

Answer 7

Dust Bowl

Question 8

Part of the Emergency Relief and Construction Act, gave cash payments to individuals for immediate necessities such as food and shelter

Answer 8

Direct ReliefT

Question 9

To take possession of a property from a mortgager because of defaults on payments

Answer 9

Foreclose

Question 10

Requested in 1932 by Hoover, made loans to businesses, failed to increase its lending sufficiently to stabilize economy

Answer 10

Reconstruction Finance Corporation (RFC)

Question 11

Closing of banks during the Great Depression to avoid bank runs

Answer 11

Bank Holiday

Question 12

Radio broadcasts made by Roosevelt to the American people to explain his initiatives

Answer 12

Fireside Chat

Question 13

Government practice of spending borrowed money rather than raising taxes, usually in an attempt to boost the economy

Answer 13

Deficit Spending

Question 14

Guaranteed workers the right to unionize and bargain collectively

Answer 14

Wagner Act

Question 15

1933, Roosevelt passed 15 major acts to resolve the economic crisis

Answer 15

First New Deal

Question 16

1935, Roosevelt launched a series of programs, included the WPA, the largest public works program

Answer 16

Second New Deal

Question 17

A payment from the government that Americans are entitled to receive

Answer 17

Entitlement

Question 18

Established the principle that the federal government should be responsible for those who, through no fault of their own, cannot work

Answer 18

Social Security

Question 19

Secretary of Commerce and former head of the Food Administration, won 1928 presidential election

Answer 19

Herbert Hoover

Question 20

Democratic candidate for 1928 presidential election, governor of New York

Answer 20

Alfred E. Smith

Question 21

Homeless and usually penniless wanderers

Answer 21

Hoboes

Question 22

Reporter and novelist, captured the characteristics and issues of the Depression

Answer 22

John Steinbeck

Question 23

Veterans that marched to D.C. to move the $1000 bonus for veterans from 1945 to 1932 (granted in 1936)

Answer 23

Bonus Army

Question 24

FDR’s wife, transformed the role of First Lady, appointed a delegate to the UN in 1946

Answer 24

Eleanor Roosevelt

Question 25

Physician from California, proposed pension for elderly

Answer 25

Francis Townsend

Question 26

Governor of Louisiana, improved infrastructure, elected to Senate in 1934

Answer 26

Huey Long

Question 27

Catholic priest and popular radio host, organized the National Union for Social Justice

Answer 27

Charles Coughlin

Question 28

FDIC

Answer 28

Federal Deposit Insurance Corporation, provided government insurance for bank deposits, increased public confidence in the banking system

Question 29

SEC

Answer 29

Securities and Exchange Commission, regulated the stock market and stopped fraud

Question 30

HOLC

Answer 30

Home Owners’ Loan Corporation, bought the mortgages of home owners who were behind in their payments

Question 31

AAA

Answer 31

Agricultural Adjustment Administration, paid farmers not to raise certain livestock, grow certain crops, and produce dairy products

Question 32

NRA

Answer 32

National Recovery Administration, suspended antitrust laws and allowed business, labor, and industry

Question 33

TVA

Answer 33

Tennessee Valley Authority, built dams to control floods, conserve forestlands, and bring electricity to rural area

Question 34

CCC

Answer 34

Civilian Conservation Corps, offered unemployed young men (18-25) the opportunity to work under the direction of the forestry service planting trees, fighting forest fires, and building reservoirs

Question 35

FERA

Answer 35

Federal Emergency Relief Administration, gave money to state and local agencies to fund their relief projects

Question 36

WPA

Answer 36

Works Progress Administration, employed 8.5 million workers and spent $11 billion to construct 650k miles of roads, 125k public building, 853 airports, 124k bridges, and 8000 parks