America's Great Depression Chapter 8

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2. What did Herbert Hoover call those who advocated laissez-faire policies in response to the crisis?

Libertarian lunatics

Leave-it-alone liquidationists

Heartless bastards

Conservative cowards

3. What was the significant factor in Federal reserves given that they only decreased by about one percent at the end of 1929?

Most of the gold had been sold.

None of the reserves belonged to member banks.

There was a qualitative shift from uncontrolled to controlled reserves.

Most of the reserves were leveraged stocks.

4. To whom did President Hoover send a telegram urging the cooperative expansion of public works programs?

The American public.

Construction industry executives.

The Congress.

The state governors.

5. Who declared: "President Hoover was the first President in our history to offer Federal leadership in mobilizing the economic resources of the people.”

Karl Marx

The New York Times

The Wall Street Journal

His biographers

6. What was the date of Black Thursday crash that heralded the arrival of the Great Depression?

October 24, 1929

October 29, 1929

October 31, 1931

December 7, 1941

7. The governor of which state announced a halt to all farm foreclosures in 1933?

Iowa

Minnesota

North Dakota

South Dakota