QUESTION IMAGE
Question
which new deal agency was responsible for insuring bank deposits? *
a) ccc
b) tva
c) fdic
d) wpa
how did the great depression affect minority groups such as african - americans and latinos? *
a)they experienced lower unemployment rates
b) they faced higher unemployment and increased violence
c) they were unaffected by the depression
d) they received more government support
when the dow jones industrial average began to drop sharply in late october 1929______? *
a) investors bought record amounts of shares of stock
b) bankers pardoned personal loans and mortgages
c) the federal government did not insure peoples bank accounts
d) the stock market crashed
First Question:
The Federal Deposit Insurance Corporation (FDIC) was created during the New Deal to insure bank deposits. The CCC (Civilian Conservation Corps) focused on conservation work, TVA (Tennessee Valley Authority) on regional development, and WPA (Works Progress Administration) on employment in public works. So the correct option is C.
During the Great Depression, minority groups like African - Americans and Latinos faced higher unemployment due to discrimination in the job market and also increased violence (e.g., lynchings for African - Americans, discrimination - based violence for Latinos). Option A is wrong as they had higher unemployment. Option C is wrong as they were affected. Option D is wrong as they received less government support. So the correct option is B.
In late October 1929, when the Dow Jones Industrial Average dropped sharply, the stock market crashed. Option A is wrong as investors were selling, not buying. Option B is wrong as bankers did not pardon loans. Option C is a fact but not the main event here; the main event was the stock market crash. So the correct option is D.
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C) FDIC