America's Great Depression Chapter 8
7 Questions
| Total Attempts: 188
This is a 10-question quiz on Chapter 8: Prelude to Depression: President Hoover Takes Command of America's Great Depression by Murray Rothbard.
Questions and Answers
- 1.Who declared: "President Hoover was the first President in our history to offer Federal leadership in mobilizing the economic resources of the people.”
- A.
Karl Marx
- B.
The New York Times
- C.
The Wall Street Journal
- D.
His biographers
- 2.What did Herbert Hoover call those who advocated laissez-faire policies in response to the crisis?
- A.
Libertarian lunatics
- B.
Leave-it-alone liquidationists
- C.
Heartless bastards
- D.
Conservative cowards
- 3.What was the date of Black Thursday crash that heralded the arrival of the Great Depression?
- A.
October 24, 1929
- B.
October 29, 1929
- C.
October 31, 1931
- D.
December 7, 1941
- 4.What was the significant factor in Federal reserves given that they only decreased by about one percent at the end of 1929?
- A.
Most of the gold had been sold.
- B.
None of the reserves belonged to member banks.
- C.
There was a qualitative shift from uncontrolled to controlled reserves.
- D.
Most of the reserves were leveraged stocks.
- 5.To whom did President Hoover send a telegram urging the cooperative expansion of public works programs?
- A.
The American public.
- B.
Construction industry executives.
- C.
The Congress.
- D.
The state governors.
- 6.According to Rothbard, the New Deal program of farm subsidies, characterized especially by farm price supports, arrived in the United States under the _________ administration.
- 7.The governor of which state announced a halt to all farm foreclosures in 1933?
- A.
Iowa
- B.
Minnesota
- C.
North Dakota
- D.
South Dakota
Due to the fall down of the banking system in the United States, every citizen suffered the consequences of the Great Depression. It began in 1929 when the whole U.S. economy went into recession. There was a rise in...
Questions: 10 | Attempts: 1526 | Last updated: Jun 23, 2019
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Sample QuestionWhat did many politicians and economists find surprising about 1931?
The great depression began in 1929 when the whole U.S. Economy went into recession. There was a rise in unemployment, poverty, low income, and deflation. Due to the fall down of the banking system in the United States, every...
Questions: 25 | Attempts: 1039 | Last updated: Nov 16, 2020
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Sample QuestionIn the Introductions, what does Paul Johnson say was the orthodox explanation for the worldwide economic contraction of the 1930s?
This quiz is about the Great Depression during the 1930s and its effects on the League of Nations. The Great Depression's timing varied in countries, in some countries it started in early 1929 and lasted to the end of 1930,...
Questions: 7 | Attempts: 497 | Last updated: Nov 16, 2020
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Sample QuestionWhat caused the Great Depression?
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