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20 Cards in this Set

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  • Back
When the stock market began to decline in October 1929, large financial institutions such as J.P. Morgan and Company tried to stem the drop.
True
The prosperity of the American economy in the mid-1920s was largely dependent on the construction and automobile industries
True
During the 1920s, corporate profits went disproportionately to the producers rather than potential consumers
True
The stock market reached its lowest point of the depression era in late 1929 and then gradually inched back up, finally reaching 1928 levels by mid-1932
False
Most economic historians believe that one important cause of the Great Depression was the United States' decision early in the 1920s to forgive the debts that France and Great Britain owed to U.S. banks for loans taken out during WWI
False
During the Great Depression, several hundered thousand African Americans left the industrial cities of the North to return to their agriculturally based families in the south.
False
Black women in the South suffered massive unemployment partly because many white families cut back on domestic help during the Depression
True
In general, American social values apparantly changed relatively little in response to the Depression
True
The Scottsboro case illustrated the corrupt practices of many stock brokers and securities dealers.
False
In response to the economic crisis, membership in the American Communist Party grew into a significant political force, and the part obtained virtual autonomy from Soviet control
False
Norman Thomas's columns in the New York Times warned Americans to resist the rising strength of socialism and political radicalism
False
The Southern Tenant Farmers Union tried to build an economic coalition between black and white sharecropers and cash renters
True
Herber Hoover's public response to the Depression in 1929 and 1930 was to deny that the nation was even in a recession or depression
False
The Hawley-Smoot Tariff tried to counter the economic downturn by slashing rates to encourage more trade.
False
The bonus March, organized by the NAACP, demanded that the Hoover administration provide more relief for the unemployed
False
The Farmers' Holiday Association, fearing a loss in prestige for agricultural pursuits, demanded that October 15 be designated as Harvest Day in honor of their contributions.
False
Realizing that Hoover had been discredited, the Republicans nominaed former President William Howard Taft to run against Franklin Roosevelt in 1932.
False
Despite a physical handicap due to polio, Roosevelt exuded a confident and buoyant personality
True
New Deal was the nickname given to Roosevelt's depression-fighting plans by journalists even though he never used the term himself.
True
The Twentieth Amendment to the U.S. Constitution reduced the time between the presidential election and the inauguration of the winner as president.
True