What was established in 1921 and was considered by Rothbard to have been the great omen of anti-depression policies to come?

The President’s Conference on Unemployment

What was the name of the expert-written report that Hoover presented to Congress in 1923 to justify public works programs?

Business Cycles and Unemployment

Planning and Control of Public Works

Business Cycles and Unemployment

Seasonal Operation in the Construction Industry

What was the operative theory of American prosperity in the 1920s, to which Hoover subscribed?

High wage rates raise productivity and living standards

Low interest rates increase home prices.

High wage rates raise productivity and living standards

High consumer spending increases economic growth.

America's Great Depression Chapters 6 And 7

1.

Who does Rothbard describe as one of the evil geniuses of the 1920s for his early advocacy of international credit control by central banks?
- A.
  
  Benjamin Strong
- B.
  
  Ralph Hawtrey
- C.
  
  Irving Fisher
- D.
  
  John Maynard Keynes
Correct Answer
B. Ralph Hawtrey

Explanation
Rothbard describes Ralph Hawtrey as one of the evil geniuses of the 1920s for his early advocacy of international credit control by central banks.

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2.

What does Rothbard describe as the only valid course if the government wishes to alleviate economic depression?
- A.
  
  Price stabilization
- B.
  
  Increased government spending
- C.
  
  Leave things alone
- D.
  
  Economic stimulus
Correct Answer
C. Leave things alone

Explanation
Rothbard argues that the only valid course for the government to alleviate economic depression is to "leave things alone." This means that the government should refrain from intervening in the economy through measures like price stabilization or increased government spending. Rothbard believes that government intervention only exacerbates economic problems and that the market should be allowed to naturally correct itself. Therefore, the best approach is for the government to adopt a hands-off approach and let the market forces determine the course of the economy.

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3.

What was established in 1921 and was considered by Rothbard to have been the great omen of anti-depression policies to come?
- A.
  
  The President’s Conference on Unemployment
- B.
  
  The Federal Reserve
- C.
  
  The War Finance Corporation
- D.
  
  The Kansas Industrial Court
Correct Answer
A. The President’s Conference on Unemployment

Explanation
In 1921, The President's Conference on Unemployment was established. According to Rothbard, this conference was considered to be a significant indication of future anti-depression policies. The conference aimed to address the issue of unemployment and find solutions to combat it. Rothbard believed that the conference's establishment signaled a shift towards more proactive measures to tackle economic downturns and prevent depressions.

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4.

What was the name of the expert-written report that Hoover presented to Congress in 1923 to justify public works programs?
- A.
  
  Wages and Unemployment
- B.
  
  Planning and Control of Public Works
- C.
  
  Business Cycles and Unemployment
- D.
  
  Seasonal Operation in the Construction Industry
Correct Answer
C. Business Cycles and Unemployment

Explanation
Hoover presented the expert-written report called "Business Cycles and Unemployment" to Congress in 1923 to justify public works programs. This report likely provided an analysis of the relationship between business cycles and unemployment, highlighting the need for government intervention through public works projects to stimulate the economy during periods of economic downturn.

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5.

Protestant, Catholic, and Jewish organizations attacked the twelve-hour workday as a ________ offense.

Correct Answer

Explanation
Protestant, Catholic, and Jewish organizations attacked the twelve-hour workday as a moral offense.

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4
6.

What was the operative theory of American prosperity in the 1920s, to which Hoover subscribed?
- A.
  
  Low interest rates increase home prices.
- B.
  
  Low taxes raise income levels.
- C.
  
  High wage rates raise productivity and living standards
- D.
  
  High consumer spending increases economic growth.
Correct Answer
C. High wage rates raise productivity and living standards

Explanation
The operative theory of American prosperity in the 1920s, to which Hoover subscribed, was that high wage rates raise productivity and living standards. This means that by paying workers higher wages, they would be motivated to work harder and be more productive, leading to an overall increase in living standards for everyone. This theory suggests that by providing workers with higher wages, they would have more purchasing power, which would stimulate economic growth and prosperity.

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America's Great Depression Chapters 6 And 7

Who does Rothbard describe as one of the evil geniuses of the 1920s for his early advocacy of international credit control by central banks?

What does Rothbard describe as the only valid course if the government wishes to alleviate economic depression?

What was established in 1921 and was considered by Rothbard to have been the great omen of anti-depression policies to come?

What was the name of the expert-written report that Hoover presented to Congress in 1923 to justify public works programs?

Protestant, Catholic, and Jewish organizations attacked the twelve-hour workday as a ________ offense.

What was the operative theory of American prosperity in the 1920s, to which Hoover subscribed?