America's Great Depression Chapter 5
This is a 10-question quiz on Chapter 5: The Development of the Inflation from America's Great Depression by MurrayRothbard.
- 1.
The U.S. government banned loans to which European country in the 1920s?
- A.
France
- B.
Germany
- C.
Great Britain
- D.
Italy
Correct Answer
A. France -
- 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
Correct Answer
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.
Correct Answer
A. It allows international inflation on the global gold stock. -
- 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.
Correct Answer
C. It would cause deflation in other countries. -
- 5.
How many recessions took place in America during the 1920s?
- A.
Zero
- B.
One
- C.
Two
- D.
Three
Correct Answer
D. Three -
- 6.
When did the inflation of the 1920s come to an end?
- A.
1927
- B.
1928
- C.
1929
- D.
1930
Correct Answer
B. 1928 -
- 7.
The proper monetary policy, even after a depression is underway,is to _______ or at the least to refrain from further inflation.
Correct Answer
deflate
Quiz Review Timeline +
Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.
-
Current Version
-
Mar 21, 2022Quiz Edited by
ProProfs Editorial Team -
Dec 08, 2008Quiz Created by
Voxday
- Alaska Quizzes
- California Quizzes
- Colorado Quizzes
- Executive Branch Quizzes
- Florida Quizzes
- Hawaii Quizzes
- Iowa Quizzes
- Louisiana Purchase Quizzes
- Massachusetts Quizzes
- Michigan Quizzes
- Mississippi Quizzes
- Missouri Quizzes
- New Jersey Quizzes
- New York Quizzes
- North Carolina Quizzes
- Ohio Quizzes
- Oklahoma Quizzes
- Oregon Quizzes
- Pennsylvania Quizzes
- Texas Quizzes
- United States Constitution Quizzes
- US Citizenship Quizzes
- US City Quizzes
- US Immigration Quizzes
- Vermont Quizzes
- Virginia Quizzes
- Wisconsin Quizzes
Back to top