America's Great Depression Chapter 12

8 Questions | Total Attempts: 118

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Great Depression Quizzes & Trivia

This is a 10-question quiz on Chapter 12: The Close of the Hoover Term of America's Great Depression by Murray Rothbard.


Questions and Answers
  • 1. 
    What was Herbert Hoover's primary goal in using federal power to fight economic depression?
    • A. 

      Reducing the cost of living.

    • B. 

      Protecting corporate profits.

    • C. 

      Sustaining wage rates.

    • D. 

      Increasing corporate dividends.

  • 2. 
    What basic economic concept did Hoover apparently fail to grasp?
    • A. 

      The Labor Theory of Value

    • B. 

      The Law of Supply and Demand

    • C. 

      Marginal Utility

    • D. 

      The Laffer curve

  • 3. 
    What New Deal fixture was presaged by the Swope Plan that Hoover rejected?
    • A. 

      Agricultural Adjustment Administration

    • B. 

      Tennessee Valley Authority

    • C. 

      Works Progress Administration

    • D. 

      National Recovery Administration

  • 4. 
    Whose property rights came under attack as a result of the depression?
    • A. 

      Land owners

    • B. 

      Debtors

    • C. 

      Creditors

    • D. 

      Farmers

  • 5. 
    Many national banks were_________ into accepting the special privilege of the bank holidays.
  • 6. 
    How much did production fall from 1929 to 1933?
    • A. 

      15 percent

    • B. 

      26 percent

    • C. 

      40 percent

    • D. 

      53 percent

  • 7. 
    How did REAL wage rates change from 1929 to 1933
    • A. 

      They fell 23 percent

    • B. 

      They fell 5.5 percent

    • C. 

      They remained flat

    • D. 

      They rose 7.5 percent

  • 8. 
    What was the average work-week in 1932?
    • A. 

      32 hours

    • B. 

      40 hours

    • C. 

      48 hours

    • D. 

      70 hours