America's Great Depression Chapter 5

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

Harding and Disraeli

Hoover and Roosevelt

Mellon and Kellog

Strong and Norman

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

It would cause inflation in India.

It would cause inflation in other countries.

It would cause deflation in other countries.

They feared Indians would hoard the gold.

4. The U.S. government banned loans to which European country in the 1920s?

France

Germany

Great Britain

Italy

5. What is the problem with a gold exchange standard?

It allows international inflation on the global gold stock.

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

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

It posseses no fundamental store of value.

6. How many recessions took place in America during the 1920s?

Zero

One

Two

Three

7. When did the inflation of the 1920s come to an end?

1927

1928

1929

1930

America's Great Depression Chapter 5

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

2.

What first name or nickname would you like us to use?

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

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

4. The U.S. government banned loans to which European country in the 1920s?

5. What is the problem with a gold exchange standard?

6. How many recessions took place in America during the 1920s?

7. When did the inflation of the 1920s come to an end?

America's Great Depression Chapter 5

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

2.

What first name or nickname would you like us to use?

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

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

4. The U.S. government banned loans to which European country in the 1920s?

5. What is the problem with a gold exchange standard?

6. How many recessions took place in America during the 1920s?

7. When did the inflation of the 1920s come to an end?

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