America's Great Depression Chapter 9

10 Questions | Total Attempts: 153

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Great Depression Quizzes & Trivia

This is a 10-question quiz on Chapter 9: 1930 of America's Great Depression by Murray Rothbard.


Questions and Answers
  • 1. 
    What was the approximate unemployment level in 1930?
    • A. 

      4 percent

    • B. 

      9 percent

    • C. 

      15 percent

    • D. 

      24 percent

  • 2. 
    Who wished to pursue a laissez-faire policy in December 1929?
    • A. 

      President Hoover

    • B. 

      The Senate

    • C. 

      The House of Representatives

    • D. 

      The Federal Reserve

  • 3. 
    What happened to the money supply in 1930?
    • A. 

      It remained constant.

    • B. 

      It increased slightly.

    • C. 

      It increased dramatically.

    • D. 

      It decreased dramatically.

  • 4. 
    What two factors kept inflation in check in 1930?
    • A. 

      Interest rate increases and gold sales

    • B. 

      Decreased federal spending and exports

    • C. 

      Stock market collapse and bank failures.

    • D. 

      Housing price declines and reduced lending.

  • 5. 
    The name of the controversial import tax passed by Congress in 1930 was the _________________ Tariff.
  • 6. 
    Who were the main proponents of the tariff act of 1930?
    • A. 

      The Keynesian economists.

    • B. 

      The Progressive Bloc, the farmers, and the AFL.

    • C. 

      The Better Business Bureau and the Consumers Union.

    • D. 

      The Conservative Club, the bankers, and the NFL.

  • 7. 
    How did agricultural tariffs hurt the farmers they were intended to help?
    • A. 

      Imported seeds became more expensive.

    • B. 

      Competing foreign farmers increased their efficiency.

    • C. 

      Retaliatory tariffs reduced their ability to export.

    • D. 

      Agricultural consumers bought fewer farm products.

  • 8. 
    How was immigration reduced by 90 percent in 1930?
    • A. 

      The State Department issued a press release.

    • B. 

      The President signed a presidential executive order.

    • C. 

      The Congress passed a near-complete ban on immigration.

    • D. 

      The President met with the Mexican foreign minister.

  • 9. 
    What was President Hoover's pet theory of the stock market crash?
    • A. 

      It was caused by excessive corporate fraud.

    • B. 

      It was caused by the Federal Reserve raising interest rates.

    • C. 

      It was caused by inflationary credit expansion.

    • D. 

      It was caused by credit being absorbed by speculation.

  • 10. 
    What principle was widely accepted by economists as a means of effectively reducing unemployment in 1930?
    • A. 

      Tax cuts.

    • B. 

      Public works.

    • C. 

      Interest-free loans.

    • D. 

      Welfare payments.