America's Great Depression Chapter 8
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According to Rothbard, the New Deal program of farm subsidies, characterized especially by farm price supports, arrived in the United States under the _________ administration.
This is a 10-question quiz on Chapter 8: Prelude to Depression: President Hoover Takes Command of America's Great Depression byMurrayRothbard.
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- 2.
What did Herbert Hoover call those who advocated laissez-faire policies in response to the crisis?
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Libertarian lunatics
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Leave-it-alone liquidationists
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Heartless bastards
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Conservative cowards
Correct Answer
A. Leave-it-alone liquidationists -
- 3.
What was the significant factor in Federal reserves given that they only decreased by about one percent at the end of 1929?
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Most of the gold had been sold.
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None of the reserves belonged to member banks.
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There was a qualitative shift from uncontrolled to controlled reserves.
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Most of the reserves were leveraged stocks.
Correct Answer
A. There was a qualitative shift from uncontrolled to controlled reserves. -
- 4.
To whom did President Hoover send a telegram urging the cooperative expansion of public works programs?
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The American public.
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Construction industry executives.
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The Congress.
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The state governors.
Correct Answer
A. 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.”
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Karl Marx
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The New York Times
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The Wall Street Journal
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His biographers
Correct Answer
A. His biographers -
- 6.
What was the date of Black Thursday crash that heralded the arrival of the Great Depression?
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October 24, 1929
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October 29, 1929
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October 31, 1931
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December 7, 1941
Correct Answer
A. October 24, 1929 -
- 7.
The governor of which state announced a halt to all farm foreclosures in 1933?
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Iowa
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Minnesota
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North Dakota
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South Dakota
Correct Answer
A. Minnesota -
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Mar 18, 2022Quiz Edited by
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