| A | B |
|---|
| Describe the American economy in the 1920s. | The economy was in bad shape. The stock market crashed and the world was in panic. |
| Why did banks close after the stock market crash? | The banks could not return their depositors money. |
| What were the signs of a weakening or unsound economy in the 1920s? | The signs were cuts in production, rise in unemployment, bank failures, and consumer borrowing. Personal debt weakening economy, etc. |
| Who was affected by the stock market crash and what did it cause? | Everyone was affected by the stock market crash and it caused a Great Depression. Unemployment increased tremendously. |
| What was the effect of the wage cuts and unemployment in the 1930s? | The world's leading economy fell and other countries had trouble as well because they depended on the United States. |
| What promise did Franklin Roosevelt make that helped win the 1932 presidential campaign? | Franklin Roosevelt promised a "new deal" to the people. |
| Describe Franklin Roosevelt's bank holiday. | Banks began putting more money in than they were taking out. It would stimulate the economy. He passes more bills thatn any other President. |
| Who make up President Roosevelt's "brain trust"? | Intellectuals who advise him on how to fix the economy |
| What best characterizes President Roosevelt's first hundred days in office? | Roosevelt pushed programs through Congresss to provide relief, create jobs, and stimulate economic recovery. |
| Why did President Roosevelt want to "pack the Supreme Court"? | The Supreme Court caused frustration by invalidating laws. He tried to add 6 more judges the Supreme Court. |
| Explain the legacy of the New Deal. | The New Deal was to restore a sense of hope. |
