Question

1. what was one effect of widespread unemployment during the great depression? a) increased consumer spending b) growth of suburbs c) foreclosures and homelessness d) expansion of private schools 4. what caused many businesses to fail during the great depression? a) high demand for luxury goods b) lack of government regulation c) decreased consumer spending d) overproduction of war materials 5. what was one consequence of trade restrictions like the smoot - hawley tariff? a) increased global cooperation b) improved exports c) decline in international trade d) rise in agricultural prices us.2.3 key terms 1. what did the fdic aim to do? a) provide jobs for artists b) insure bank deposits c) build highways d) regulate tariffs 2. what was the purpose of the social security act of 1935? a) to fund military expansion b) to provide pensions for retirees c) to regulate the stock market d) to end prohibition 3. what did the tva focus on? a) urban housing b) regional development and electricity c) military training d) stock market reform 4. what was huey long’s criticism of the new deal? a) it was too socialist b) it didn’t go far enough to help the poor

Explanation:

1. During the Great Depression, widespread unemployment led to people being unable to pay mortgages, resulting in foreclosures and homelessness.
2. Decreased consumer spending during the Great Depression meant less demand for goods and services, causing many businesses to fail.
3. The Smoot - Hawley Tariff and other trade restrictions led to other countries retaliating with their own tariffs, causing a decline in international trade.
4. The Federal Deposit Insurance Corporation (FDIC) was created to insure bank deposits, protecting depositors from bank failures.
5. The Social Security Act of 1935 was designed to provide pensions for retirees, offering social welfare support.
6. The Tennessee Valley Authority (TVA) focused on regional development, including electricity generation and distribution in the Tennessee Valley region.
7. Huey Long criticized the New Deal for not going far enough to help the poor, advocating for more radical wealth - redistribution measures.

Answer:

1. C. Foreclosures and homelessness
2. C. Decreased consumer spending
3. C. Decline in international trade
4. B. Insure bank deposits
5. B. To provide pensions for retirees
6. B. Regional development and electricity
7. B. It didn't go far enough to help the poor