AP Success - AP World History: Great Depression via FDR's Chat
President Franklin D. Roosevelt's "Fireside Chat," May 1933"Two months ago we were facing serious problems. The country was dying by inches. It was dying because trade and commerce had declined to dangerously low levels; prices for basic commodities were such as to destory the value of national institutions such as banks, savings banks, insurance companies, and others. These institutions, becuase of their great need, were foreclosing mortgages, calling loans, refusing credit. Thus there was actually in process of destruction the property of millions of people who had borrowed money on that property in terms of dollars which had an entirely different value from the level of March, 1933."
Question 1
According to President Franklin D. Roosevelt's 'Fireside Chat,' what was a significant consequence of the declining trade and commerce during the Great Depression?
The destruction of property value for millions of people.
The stabilization of prices for basic commodities.
The rapid expansion of international trade agreements.
The increase in value of the US dollar internationally.
Question 2
What does President Roosevelt imply was a contributing factor to the economic crisis described in his 'Fireside Chat'?
The excessive printing of money leading to hyperinflation.
The implementation of strict government regulations on banking.
The actions of financial institutions in foreclosing mortgages and calling loans.
The lack of technological advancement in the agricultural sector.
Question 3
In the context of the 1930s, what does President Roosevelt's reference to the 'value of dollars' in March 1933 suggest about the period?
The value of the dollar was tied directly to the stock market performance.
The US was experiencing a period of strong economic growth and stability.
The US dollar was on the gold standard with a fixed value.
There was a significant change in the purchasing power of money due to the Depression.
Question 4
Which of the following best describes the tone of President Roosevelt's 'Fireside Chat'?
Confrontational, blaming foreign nations for domestic economic issues.
Candid and informative, addressing the nation's economic hardships.
Optimistic and dismissive of the nation's economic problems.
Neutral, providing a detached analysis of global economic trends.
Question 5
The issues discussed by President Roosevelt in his 'Fireside Chat' most directly led to which of the following government actions?
The implementation of New Deal programs to address economic instability.
The immediate reduction of federal spending to balance the budget.
The privatization of banking and insurance companies to promote competition.
The return to the gold standard to stabilize the currency.
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