Question 1

Most researchers agree that the New Deal positively impacted

Accepted Answer

A)  employment and overall production. 
B)  wages, working conditions and working hours. 
C)  electricity production and use of it as power. 
D)  all of the above. 
A)  employment and overall production. 
B)  wages, working conditions and working hours. 
C)  electricity production and use of it as power. 
D)  all of the above.

Question 2

The Great Depression was marked by non-farm housing slumps and falling real estate prices,prompting many states to impose a moratorium on residential mortgage foreclosures.

Accepted Answer

A) True 
 B)False

Question 3

Social Security taxes were and are progressive,meaning that the highest proportion is taxed from the highest incomes.

Accepted Answer

A) True 
 B)False

Question 4

How do consumers vote for which producers stay in business and which go? Were these voting rights altered under the New Deal? Explain.

Accepted Answer

Consumers vote for which producers stay

Question 5

The objections to the Walsh-Healy Act of 1936,which mandated "prevailing wages" in government employment,

Accepted Answer

A)  concerned the tendency of government wages to undercut those of the private sector. 
B)  came from the labor unions. 
C)  held that unemployment would be maintained artificially high. 
D)  held that payment of prevailing wages would reduce the national debt too slowly. 
A)  concerned the tendency of government wages to undercut those of the private sector. 
B)  came from the labor unions. 
C)  held that unemployment would be maintained artificially high. 
D)  held that payment of prevailing wages would reduce the national debt too slowly.

Question 6

Which act established rules and regulations for minimum wage,overtime pay,record-keeping and child labor standards?

Accepted Answer

A)  Fair Labor Standards Act of 1938 
B)  Walsh-Healy Act of 1936 
C)  National Industrial Recovery Act (1933) 
D)  Wagner Act of 1935 
A)  Fair Labor Standards Act of 1938 
B)  Walsh-Healy Act of 1936 
C)  National Industrial Recovery Act (1933) 
D)  Wagner Act of 1935

Question 7

"The U.S.experience during the Great Depression offers little support for those individuals who argue for a public policy of laissez-faire." Discuss.

Accepted Answer

The U.S. experience during the Great Dep

Question 8

When the government increased spending during the 1930s in an attempt to create jobs and end the Great Depression,it provided an example of expansionary

Accepted Answer

A)  fiscal policy. 
B)  monetary policy. 
C)  regulatory policy. 
D)  welfare policy. 
A)  fiscal policy. 
B)  monetary policy. 
C)  regulatory policy. 
D)  welfare policy.

Question 9

A government fulfills a protective function when it

Accepted Answer

A)  gives cash payments to the poor. 
B)  provides funds for flood control projects and builds highways. 
C)  prevents illegal seizure of private property. 
D)  redistributes income. 
A)  gives cash payments to the poor. 
B)  provides funds for flood control projects and builds highways. 
C)  prevents illegal seizure of private property. 
D)  redistributes income.

Question 10

Barry Eichengreen (1992)blamed the severity of the worldwide depression from 1929 to 1933 on the countries who abandoned the rules of the gold standard during economic downturns.This abandonment relieved countries from the monetary discipline measures of the gold standard.

Accepted Answer

A) True 
 B)False

Question 11

Under the New Deal,the institutional structure of the U.S.economy changed fundamentally.Explain how.However,the fundamental political principles held by the colonists survived.What were these principles and how did they survive?

Accepted Answer

Under the New Deal, the institutional st

Question 12

Was there anything "new" about the New Deal? Where did it come from? What did it try to accomplish? To what extent did the New Deal alter basic U.S.institutions?

Accepted Answer

The New Deal was a series of economic an

Question 13

Explain why some economists claim that the federal government and the New Deal programs of the Great Depression were responsible for the severity and length of the economic downturns.

Accepted Answer

Some economists claim that the federal g

Question 14

Many researchers blame the severity and length of the Great Depression on the breadth and depth of government interference in private market affairs.

Accepted Answer

A) True 
 B)False

Question 15

The commerce clause strengthened the federal government's interventionist power in industries operating on a national scale.

Accepted Answer

A) True 
 B)False

Question 16

Explain how the National Banking Act of 1935 transformed how banking was conducted in the nineteenth century.

Accepted Answer

The National Banking Act of 1935 was pas

Question 17

The National Labor Relations Act of 1935 and the Fair Labor Standards Act of 1938 forced employers to

Accepted Answer

A)  negotiate with unionized labor. 
B)  keep hours at a minimum. 
C)  pay maximum wages. 
D)  do all of the above. 
A)  negotiate with unionized labor. 
B)  keep hours at a minimum. 
C)  pay maximum wages. 
D)  do all of the above.

Question 18

The constitutionality of the Agricultural Adjustment Act (AAA)and National Recovery Act (NRA)were questioned.On what grounds were these Acts questioned,and what were the outcomes?

Accepted Answer

Criticism of AAA:

This was a US federal

Question 19

Which of the following federal activities was new under the New Deal? The federal government

Accepted Answer

A)  subsidized building construction. 
B)  provided federal finances to build houses. 
C)  established regulatory agencies intended to influence activities in private markets. 
D)  engaged in all of the above. 
A)  subsidized building construction. 
B)  provided federal finances to build houses. 
C)  established regulatory agencies intended to influence activities in private markets. 
D)  engaged in all of the above.

Question 20

Franklin D.Roosevelt's nationwide "Bank Holiday" in March 1933 merely finished the job started ?by the governors of the states,who were already closing down the banking systems.

Accepted Answer

A) True 
 B)False

Exam 25: The New Deal

Most researchers agree that the New Deal positively impacted

The Great Depression was marked by non-farm housing slumps and falling real estate prices,prompting many states to impose a moratorium on residential mortgage foreclosures.

Social Security taxes were and are progressive,meaning that the highest proportion is taxed from the highest incomes.

How do consumers vote for which producers stay in business and which go? Were these voting rights altered under the New Deal? Explain.

The objections to the Walsh-Healy Act of 1936,which mandated "prevailing wages" in government employment,

Which act established rules and regulations for minimum wage,overtime pay,record-keeping and child labor standards?

"The U.S.experience during the Great Depression offers little support for those individuals who argue for a public policy of laissez-faire." Discuss.

When the government increased spending during the 1930s in an attempt to create jobs and end the Great Depression,it provided an example of expansionary

A government fulfills a protective function when it

Barry Eichengreen (1992)blamed the severity of the worldwide depression from 1929 to 1933 on the countries who abandoned the rules of the gold standard during economic downturns.This abandonment relieved countries from the monetary discipline measures of the gold standard.

Under the New Deal,the institutional structure of the U.S.economy changed fundamentally.Explain how.However,the fundamental political principles held by the colonists survived.What were these principles and how did they survive?

Was there anything "new" about the New Deal? Where did it come from? What did it try to accomplish? To what extent did the New Deal alter basic U.S.institutions?

Explain why some economists claim that the federal government and the New Deal programs of the Great Depression were responsible for the severity and length of the economic downturns.

Many researchers blame the severity and length of the Great Depression on the breadth and depth of government interference in private market affairs.

The commerce clause strengthened the federal government's interventionist power in industries operating on a national scale.

Explain how the National Banking Act of 1935 transformed how banking was conducted in the nineteenth century.

The National Labor Relations Act of 1935 and the Fair Labor Standards Act of 1938 forced employers to

The constitutionality of the Agricultural Adjustment Act (AAA)and National Recovery Act (NRA)were questioned.On what grounds were these Acts questioned,and what were the outcomes?

Which of the following federal activities was new under the New Deal? The federal government

Franklin D.Roosevelt's nationwide "Bank Holiday" in March 1933 merely finished the job started ?by the governors of the states,who were already closing down the banking systems.

Overseas Empire

Colonial Development

America on the Eve of Revolution

Gaining Independence

Westward Expansion

Population and Labor Force

Law and the Rise of Classical American Capitalism

Transportation, Internal Improvements, and Urbanization

Agricultural Expansion: The Conflict of Two Systems on the Land

The Debate over Slavery

The Early Industrial Sector

The Financial System and the International Economy

Economic Effects of the Civil War

Railroads and Economic Development

Post-Civil War Agriculture

Population Growth and the Atlantic Migration

Industrialization, Entrepreneurship, and Urban Growth

Big Business and Government Intervention

Financial Developments 1863–1914

The Giant Economy and Its International Relations

Labor and the Law

The Command Economy Emerges: World War I

Normalcy”: 1919–1929

The Great Depression

The “Prosperity” of Wartime

Before the New Frontier: The Postwar Economy

Population, Health, and Labor

Postwar Industry and Agriculture

To the New Millennium and Beyond

Does Our Past Have a Future?

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