Welcome to another edition of Multiple-Choice Mondays! This week, all the questions focus on the New Deal. If you would like more information on this topic, check out this video:
The above image is associated with which of the following New Deal programs?
a) Federal Housing Administration
b) Agricultural Adjustment Act
c) Wagner Act
d) Securities and Exchange Commission
e) Civilian Conservation Corps
Correct Answer: E. The Civilian Conservation Corps was made up of young men that focused on projects outside.
The purpose of the Glass-Steagal Act was to:
a) Guarantee labor unions’ right to collectively bargain
b) Insure bank deposits and restore faith in banks
c) Protect stock market fraud
d) Build bridges, dams, and highways throughout the country
e) Increase government spending to “prime the pump”
Correct Answer: B. The Glass-Steagal Act established the FDIC which protected bank assets, even if a bank closed.
Keynesian Economics argued that:
a) The government should increase deficit spending
b) The government should insure all bank deposits
c) The government should own and operate all banks
d) The government should take a hands-off approach to the economy
e) The government should provide $200 per month for elderly individuals
Correct Answer: A. John Maynard Keynes argued that the government should spend more money that it has (deficit spending) to “prime the pump” and help get the economy jump started.
Which of the following individuals advocated providing $5,000 for every family by taxing wealthy individuals?
a) Dr. Francis Townsend
b) Father Charles Coughlin
c) Senator Huey Long
d) John Maynard Keynes
e) Elizabeth Perkins
Correct Answer: C. Huey Long (Senator – LA) advocated a Share-Our-Wealth program that called for taxing the rich and providing $5,000 for families.
All of the following are true about FDR’s “Court Packing Plan” EXCEPT:
a) FDR was accused of abusing his power
b) The plan could increase the size of the Supreme Court to 15 judges
c) The purpose was to limit the power of older judges
d) After much debate, Congress passed the plan
e) FDR proposed this plan after some of his New Deal programs were declared unconstitutional
Correct Answer: D. Congress never passed the “Court Packing Plan.” FDR took a lot of heat for proposing this plan, even though it was never passed.