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Directions: Choose the letter of 47 How did the Federal Reserve affect investment in the stock market during most of the 1920s? A It controlled the money supply, so only the wealthy could invest in stocks. B It successfully controlled banks that wanted to speculate in stocks. C It kept interest rates low, and people borrowed money to invest in stocks. It regulated companies that wanted to make money by selling stock. D

Directions: Choose the letter of 47 How did the Federal Reserve affect investment in the stock market during most of the 1920s? A It controlled the money supply, so only the wealthy could invest in stocks. B It successfully controlled banks that wanted to speculate in stocks. C It kept interest rates low, and people borrowed money to invest in stocks. It regulated companies that wanted to make money by selling stock. D

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Do questions #47,48,49,50,51 and 52. Do this correctly
Directions: Choose the letter of the best answer. 47 How did the Federal Reserve affect market investment in the stoc most of the It controlled the money supply, so only the wealthy could invest in stocks. D C A B B PRACTICE C D CALIFORNIA CONTENT STANDARD 11.6.2 It successfully controlled banks that wanted to speculate in stocks. 48 What was the result of raising tariffs after the Depression had begun? A It helped protect U.S. businesses. B It kept interest rates low, and people borrowed money to invest in stocks. Responses to the Great Depression It regulated companies that wanted to make money by selling stock. Other countries did the same thing and exports dropped. Farmers could sell their goods overseas for higher prices. It had little effect on the U.S. and international economies. 41 What was the reaction of President Hoover and Congress when the Great Depression first began? Jeene A They did not take action because they believed the economy could fix itself. They cut taxes and increased spending to increase the money supply. C They offered to help workers who had lost their jobs. D They forced businesses to hire back workers who had lost their jobs. 50 How did President Roosevelt help farmers during the Great Depression? A He started a program to ship farm products to where they were needed. He set up factories in farming areas so farmers could work at other jobs. B C He created a government agency to buy their farms at a reasonable price. He paid farmers to destroy some crops and leave fields unplanted. D 5 To help boost industry, Roosevelt A encouraged foreign companies to invest in American businesses. B established rules for industrial production, working conditions, and competition. C removed regulations that cost businesses too much money. D had the government buy many products so that factories could be successful. 52 which statement best describes ways Roosevelt's policies worked for financial reform? A They regulated the stock market and eliminated taxes on corporations. B They inspected and regulated banks and regulated the stock market. C They eliminated the Federal Reserve System to make banks stronger. D They gave the Federal Reserve System control over corporate profits. Houghton Mifflin Company
Transcribed Image Text:Directions: Choose the letter of the best answer. 47 How did the Federal Reserve affect market investment in the stoc most of the It controlled the money supply, so only the wealthy could invest in stocks. D C A B B PRACTICE C D CALIFORNIA CONTENT STANDARD 11.6.2 It successfully controlled banks that wanted to speculate in stocks. 48 What was the result of raising tariffs after the Depression had begun? A It helped protect U.S. businesses. B It kept interest rates low, and people borrowed money to invest in stocks. Responses to the Great Depression It regulated companies that wanted to make money by selling stock. Other countries did the same thing and exports dropped. Farmers could sell their goods overseas for higher prices. It had little effect on the U.S. and international economies. 41 What was the reaction of President Hoover and Congress when the Great Depression first began? Jeene A They did not take action because they believed the economy could fix itself. They cut taxes and increased spending to increase the money supply. C They offered to help workers who had lost their jobs. D They forced businesses to hire back workers who had lost their jobs. 50 How did President Roosevelt help farmers during the Great Depression? A He started a program to ship farm products to where they were needed. He set up factories in farming areas so farmers could work at other jobs. B C He created a government agency to buy their farms at a reasonable price. He paid farmers to destroy some crops and leave fields unplanted. D 5 To help boost industry, Roosevelt A encouraged foreign companies to invest in American businesses. B established rules for industrial production, working conditions, and competition. C removed regulations that cost businesses too much money. D had the government buy many products so that factories could be successful. 52 which statement best describes ways Roosevelt's policies worked for financial reform? A They regulated the stock market and eliminated taxes on corporations. B They inspected and regulated banks and regulated the stock market. C They eliminated the Federal Reserve System to make banks stronger. D They gave the Federal Reserve System control over corporate profits. Houghton Mifflin Company
Copyright McDougal Littell/Houghton Mifflin Company REVIEW CALIFORNIA CONTENT STANDARD 11.6.2 Responses to the Great Depression Specific Objective: Understand the explanations of the principal causes of the Great Depression and the steps taken by the Federal Reserve, Congress, and Presidents Herbert Hoover and Franklin Delano Roosevelt to combat the economic crisis. Read the information to answer questions on the next page. Causes of the Great Depression • Tariffs and war debt policies cut down the foreign market for U.S. goods. A crisis in the farm sector led to falling prices and increased debt. The Federal Reserve kept interest rates low and encouraged borrowing that led to excessive debt. . An unequal distribution of income led to falling demand for consumer goods. • People bought stocks on credit, which meant huge losses when stocks did not rise. • The stock market crash fueled a financial panic. Hoover and Congress Respond (1929-1932) • Initial inaction-tried to let economy fix itself • Tried to convince businesses to invest-unsuccessful because of huge business losses Cut government spending and raised taxes tried to balance budget but made problems worse • Congress increased tariffs tried to protect U.S. businesses, but when other countries did the same, exports and demand for goods dropped. • Federal Reserve-lent money to banks and allowed interest rates to drop in 1930, but in 1931 it did not do enough to keep banks from failing. 365 Roosevelt's New Deal (1932-1940) Relief for Needy People • Jobs programs decreased unemployment (though it remained high until World War II). • Provided loans to protect people's homes; Provided direct relief to people through state and federal programs to help unemployed, aged, and ill Economic Recovery • Tried to lower production to meet demand • Assisted farmers by helping raise prices (paid them to destroy products and leave land unplanted) • Regulated industry with rules for production, fair competition, and worker pay and conditions Increased money in economy through huge jobs programs and public building projects Financial Reform • Restored faith in banks by closing them until they were inspected and found to be in order • The Federal Reserve Act created the Federal Deposit Insurance Corporation to protect people's money deposited in banks. • Supported regulation of stock market to prevent false information and financial gains to insiders with special information
Transcribed Image Text:Copyright McDougal Littell/Houghton Mifflin Company REVIEW CALIFORNIA CONTENT STANDARD 11.6.2 Responses to the Great Depression Specific Objective: Understand the explanations of the principal causes of the Great Depression and the steps taken by the Federal Reserve, Congress, and Presidents Herbert Hoover and Franklin Delano Roosevelt to combat the economic crisis. Read the information to answer questions on the next page. Causes of the Great Depression • Tariffs and war debt policies cut down the foreign market for U.S. goods. A crisis in the farm sector led to falling prices and increased debt. The Federal Reserve kept interest rates low and encouraged borrowing that led to excessive debt. . An unequal distribution of income led to falling demand for consumer goods. • People bought stocks on credit, which meant huge losses when stocks did not rise. • The stock market crash fueled a financial panic. Hoover and Congress Respond (1929-1932) • Initial inaction-tried to let economy fix itself • Tried to convince businesses to invest-unsuccessful because of huge business losses Cut government spending and raised taxes tried to balance budget but made problems worse • Congress increased tariffs tried to protect U.S. businesses, but when other countries did the same, exports and demand for goods dropped. • Federal Reserve-lent money to banks and allowed interest rates to drop in 1930, but in 1931 it did not do enough to keep banks from failing. 365 Roosevelt's New Deal (1932-1940) Relief for Needy People • Jobs programs decreased unemployment (though it remained high until World War II). • Provided loans to protect people's homes; Provided direct relief to people through state and federal programs to help unemployed, aged, and ill Economic Recovery • Tried to lower production to meet demand • Assisted farmers by helping raise prices (paid them to destroy products and leave land unplanted) • Regulated industry with rules for production, fair competition, and worker pay and conditions Increased money in economy through huge jobs programs and public building projects Financial Reform • Restored faith in banks by closing them until they were inspected and found to be in order • The Federal Reserve Act created the Federal Deposit Insurance Corporation to protect people's money deposited in banks. • Supported regulation of stock market to prevent false information and financial gains to insiders with special information
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