America's Great Depression Chapters 6 And 7
6 Questions
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This is a 10-question quiz on Chapter 6: Theory and Inflation and Chapter 7: Prelude to Depression of America's Great Depression by Murray Rothbard.
Questions and Answers
- 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
- 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
- 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
- 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
- 5.Protestant, Catholic, and Jewish organizations attacked the twelve-hour workday as a ________ offense.
- 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.
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