True or false?
1. Roosevelt ended the Great Depression within five years.
A: False
2. Roosevelt completely ended the Great Depression.
A: False
3. Black Tuesday is start of the Great Depression.
A: True?
4. Farmers would burn their crops to raise crop prices.
A: True
5. Bank runs helped cause the Great Depression.
A: True.
Correct on all but #3. What day of the week did the market crash? It was not a Tuesday, as I recall.
I'm SORRY! It was Tuesday. I misremembered! My bad. You are correct.
That is correct! Bank runs did indeed play a role in causing the Great Depression. Now, let's go through the process of finding the answers to these questions.
1. Roosevelt ended the Great Depression within five years. To find the answer, we need to know about the duration of the Great Depression and the timeline of Roosevelt's presidency. The Great Depression actually lasted for about a decade, from 1929 to 1939. Franklin D. Roosevelt was elected president in 1932 and served until 1945. Therefore, it is false that Roosevelt ended the Great Depression within five years.
2. Roosevelt completely ended the Great Depression. To determine if this statement is true or false, we need to consider the impact of Roosevelt's policies and actions during his presidency. While Roosevelt's New Deal policies did provide relief and implemented various economic reforms, the Great Depression was ultimately ended by the economic boom brought by World War II. Therefore, it is false to say that Roosevelt completely ended the Great Depression.
3. Black Tuesday is the start of the Great Depression. To verify the accuracy of this statement, we need to know what Black Tuesday refers to and when it occurred. Black Tuesday is the term given to October 29, 1929, which was the day when the stock market crashed, triggering the start of the Great Depression. Therefore, it is true that Black Tuesday marks the beginning of the Great Depression.
4. Farmers would burn their crops to raise crop prices. To confirm the accuracy of this statement, we'll need to understand the farming practices during the Great Depression. During this time, there was a surplus of crops, leading to low prices and financial struggles for farmers. In an attempt to raise crop prices, some farmers resorted to destroying their crops or burying them. Therefore, it is true that farmers would burn their crops to raise crop prices.
5. Bank runs helped cause the Great Depression. To determine if this statement is true or false, we need to understand what bank runs are and their relationship to the Great Depression. Bank runs occur when a large number of people simultaneously withdraw their deposits from banks due to concerns about the bank's solvency. These bank runs contributed to the collapse of many banks during the Great Depression, leading to economic instability. Therefore, it is true that bank runs helped cause the Great Depression.