America's Great Depression Chapters 6 And 7

6 Questions | Total Attempts: 148

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Great Depression Quizzes & Trivia

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.