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1. A major cause of the Depression of 1929 was
A. too few dollars in circulation.B. overproduction and overconsumption of goods, creating a shortage of goods.C. overproduction and underconsumption of goods, causing the prices of goods to decrease.D. an increase in the number of exports.E. low tariffs.
2. When Herbert Hoover was elected president in 1928, the U.S. economy appeared to be in a
A. depression.B. recession.C. period of prosperity.D. recovery.E. bank crisis.
3. FDR and Herbert Hoover differed in that
A. FDR believed in rugged individualism, while Herbert Hoover believed that the individual was capable of raising himself/herself above the Depression.B. Herbert Hoover believed that the government and the people had a duty to help those suffering from the depression, while FDR believed in laissez-faire.C. FDR supported the idea of "priming the pump" with government money to end the Depression, while Herbert Hoover believed in direct relief to the people suffering from the Depression.D. Herbert Hoover believed in rugged individualism, while FDR believed in "priming the pump" with government funds to end the Depression.E. FDR was willing to take control of legislation to end the Depression even without the support of Congress, while Herbert Hoover believed in expanding the powers of the presidency to deal with the Depression.
4. Franklin D. Roosevelt's administration began with
A. a court-packing scheme.B. an end to speculation in stocks and the stock market.C. a decrease in unemployment.D. the establishment of the Social Security system.E. a bank holiday.
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