America's Great Depression Chapter 8
7 Questions
| Total Attempts: 188
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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
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