America's Great Depression Chapter 5

7 Questions | Total Attempts: 187

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Great Depression Quizzes & Trivia

This is a 10-question quiz on Chapter 5: The Development of the Inflation from America's Great Depression by Murray Rothbard.


Questions and Answers
  • 1. 
    The U.S. government banned loans to which European country in the 1920s?
    • A. 

      France

    • B. 

      Germany

    • C. 

      Great Britain

    • D. 

      Italy

  • 2. 
    Which two men conceived the idea of inflating American currency to protect British gold reserves?
    • A. 

      Harding and Disraeli

    • B. 

      Hoover and Roosevelt

    • C. 

      Mellon and Kellog

    • D. 

      Strong and Norman

  • 3. 
    What is the problem with a gold exchange standard?
    • A. 

      It allows international inflation on the global gold stock.

    • B. 

      The growth of the money supply is limited to the rate that gold is mined.

    • C. 

      The growth of the economy is limited to the rate that gold is mined.

    • D. 

      It posseses no fundamental store of value.

  • 4. 
    Why did the central bankers of Great Britain and the USA fear the Blackett Plan for a full Indian gold standard?
    • A. 

      It would cause inflation in India.

    • B. 

      It would cause inflation in other countries.

    • C. 

      It would cause deflation in other countries.

    • D. 

      They feared Indians would hoard the gold.

  • 5. 
    How many recessions took place in America during the 1920s?
    • A. 

      Zero

    • B. 

      One

    • C. 

      Two

    • D. 

      Three

  • 6. 
    When did the inflation of the 1920s come to an end?
    • A. 

      1927

    • B. 

      1928

    • C. 

      1929

    • D. 

      1930

  • 7. 
    The proper monetary policy, even after a depression is underway,is to _______ or at the least to refrain from further inflation.