Great Depression
1. What is the gold standard? The gold standard is a monetary system where a country's currency or paper money has a value directly linked to gold.
2. Why did the Federal Reserve raise interest rates in 1928 and 1929?The Federal Reserve was attempting to slow down stock market speculation by reducing consumer spending and construction spending.
3. What was the unemployment rate in 1933? About 25%
4. What were Hoovervilles? It was built by homeless people
5. Who wrote the classic Great Depression novel, The Grapes of Wrath? John Steinbeck
6. What was President Herbert Hoover’s approach to the depression? Hoover thought that business would correct the economic conditions if government did not interfere. He vetoed many bills aimed at …show more content…
Name three agencies created by the New Deal. . Federal Emergency Relief Administration (FERA), Civilian Conservation Corps (CCC), Public Works Administration (PWA), Work Projects Administration (WPA)
8. When did the US unemployment rate finally fall to low levels? The unemployment rate sank to 1 percent during World War II.
9. How did Adolf Hitler rise to power during the Great Depression? Hitler appealed to the despair of the German people who were frustrated with their current government. Hitler convinced Germans that he would make them proud of their country again and he revived the economy by rearming the German military, which would soon lead to World War II.
10.What were some new government policies that came out of the Great Depression?As a result of the Great Depression, many countries began to take better care of poor people. They also began to rely on the government more to help regulate the economy.
Mythology
1. What is the difference between a myth and a folktale or legend? Myths usually have a religious significance and people generally considered them to be completely true. Folktales and legends were told more for amusement and people may not have believed they actually