Multiple choice questions. Choose the best answer.
- Consequences of the stock market crash included all of the following EXCEPT
a) prices and wages fell.
b) unemployment increased.
c) industrial production rose.
d) many banks and businesses failed.
- A downward economic spiral has all the following characteristics EXCEPT
a) factories increase their work force.
b) people buy fewer and fewer goods.
c) manufacturers produce fewer and fewer goods.
d) industries provide fewer and fewer jobs.
- The effects of the Great Depression on world trade was
a) to increase it.
b) to cause a major decline.
c) to cause a slight decline.
d) to stop it entirely.
- The Depression in the USA affected other countries for all of the following reasons EXCEPT
a) the USA could not pay its war debts.
b) other countries depended on USA investment.
c) other countries depended on loans from American banks.
d) American investors withdrew their funds from foreign countries.
- "Faced by the responsibility of leadership in the world, such as had never come to any nation, America backed out of the room, frightened and stammering." US Journalist (1920)
In the quote above, the writer is critical of the American policy of
a) neo-colonialism.
b) isolationism.
c) protectionism.
d) internationalism.
- Who recommended spending as a way out of the Great Depression?
a) Arthur James Balfour
b) Lord Runciman
c) John Maynard Keynes
d) Lord Halifax
- A major cause of the American Depression in the 1930's was
a) a reduction of tariffs.
b) rising agricultural prices.
c) overproduction.
d) immigration.
- In 1933, the percent of workers in the USA who were unemployed was
a) about 2 percent.
b) about 5 percent.
c) about 25 percent.
d) about 40 percent.
Coffee beans grow by the billions,
So they've got to find those extra cups to fill,
They've got a lot of coffee in Brazil!
a) inflation.
b) prohibition.
c) tariff barriers.
d) reparation payments.
- The first American president elected after the Depression began was
a) Calvin Coolidge.
b) Herbert Hoover.
c) Franklin Roosevelt.
d) Woodrow Wilson.
- President Roosevelt's New Deal legislation included all of the following EXCEPT
a) the Tennessee Valley Authority.
b) the Industrial Recovery Act.
c) the Federal Reserve Board.
d) the Smoot-Hawley Tariff.
- The "New Deal" of President Roosevelt basically involved
a) a return to the principles of "laissez-faire".
b) more extensive government intervention into the general economy.
c) the adaption of a communist economic system.
d) a form of neo-imperialism.
- What was the major economic principle behind President Roosevelt's New Deal?
a) the goal of balancing the budget
b) the law of supply and demand
c) laissez-faire capitalism
d) deficit financing
- What was the purpose of President Roosevelt's New Deal?
a) to build the "Great Society"
b) to help Germany pay war reparations
c) to solve the economic problems of the Depression
d) extend American influence abroad
- Which one of the following was proposed by the New Deal?
a) expanded American influence in foreign affairs
b) increased American financial assistance to economically depressed nations
c) greater support for the American military-industrial complex
d) greater American government involvement in domestic economic matters
- A major result of the New Deal legislation in the USA was
a) "laissez-faire" capitalism survived the Depression.
b) the Republican Party increased its electoral strength.
c) the USA economy came out of the Depression by 1935.
d) the USA economy became a more regulated economy.
- President Roosevelt's "fireside chats" were designed to
a) increase public support for controversial programs such as prohibition.
b) explain his policies to the American people.
c) mediate between big business and the unions.
d) justify increased American involvement in foreign affairs.
- In 1933, Roosevelt restored confidence in the American banking system by
a) reducing tariffs.
b) increasing gold reserves.
c) devaluating the dollar.
d) nationalizing the banking system.
- An important part of the New Deal was
a) government investment in heavy industry.
b) the creation of a central government-owned bank.
c) government expenditure to create employment.
d) the establishment of "Hoovervilles" throughout the country.
- Roosevelt's solutions to end the Depression in the USA included all of the following EXCEPT
a) increased government spending.
b) the introduction of an open-door immigration policy.
c) the reorganization of the banking system.
d) the creation of government agencies.
- Roosevelt's first "100 Days" succeeded in
a) ending organized crime related to prohibition.
b) providing full employment.
c) increasing agricultural production to feed the hungry.
d) restoring confidence to the American people.
- All of the following were accomplished during Roosevelt's first "100 Days" EXCEPT
a) reform of the Supreme Court.
b) introduction of "fireside chats".
c) reorganization of the banking system.
d) introduction of the "alphabet agencies".
- As a result of Roosevelt's New Deal legislation,
a) all subsidies to farmers were ended.
b) restrictions were placed on trade unions.
c) government intervention in the economy increased.
d) the number of Supreme Court judges increased.
- The New Deal resulted in the
a) increased involvement of the American government in the economy.
b) elimination of political opposition to Roosevelt.
c) elimination of unemployment in the USA by 1939.
d) increased involvement of the USA in international affairs.
- Which of the following was a MAJOR result of Roosevelt's "New Deal"?
a) financial assistance to countries throughout the Americas
b) expansion of USA domination in the Caribbean
c) greater USA government involvement in the domestic economy
d) greater support for the American military-industrial complex.
- Which of the following is an accurate statement regarding Roosevelt's New Deal?
a) there was little opposition to the New Deal
b) government intervention in the economy increased
c) the "alphabet agencies" ended unemployment in the USA
d) the Supreme Court strongly supported the New Deal
- Which one of the following outcomes was an important result of the New Deal?
a) the USA achieved economic prosperity
b) the USA raised import tariffs
c) the USA elected an administration which supported laissez-faire capitalism
d) the USA government increased its involvement in industry and welfare
- John Meynard Keynes suggested that during an economic depression, the government should
a) spend rather than save.
b) keep the currency tied to the gold standard.
c) follow a policy of high taxation.
d) follow a policy of fiscal restraint.
- One criticism directed at the New Deal was that it
a) contained socialist policies.
b) encouraged private business.
c) ended unemployment payments.
d) ended the American policy of isolationism.
- A statement of opinion rather than fact was that F.D.Roosevelt
a) brought the USA out of the Great Depression.
b) introduced the New Deal.
c) interfered in the economy.
d) employed deficit financing to address the problem of wealth distribution.
- Which is a statement of opinion rather than fact about the New Deal?
a) the New Deal involved thousands of Americans
b) the New Deal did not end the problem of unemployment in the USA
c) the New Deal was the best way to get the USA out of the Depression
d) the New Deal resulted in the completion of numerous public works projects
- Who stated in March 1933 "the only thing we have to fear is fear itself"?
a) Neville Chamberlain
b) Adolf Hitler
c) Herbert Hoover
d) Franklin Delano Roosevelt
- In the USA during the 1930's, there weas a great deal of
a) immigration to the USA.
b) emigration from the USA.
c) internal migration within the USA.
d) population stability.
Answer key 1. c 6. c 11. d 16. d 21. d 26. b 31. c 2. a 7. c 12. b 17. b 22. a 27. d 32. d 3. b 8. d 13. d 18. d 23. c 28. a 33. c 4. a 9. c 14. c 19. c 24. a 29. a 34. _ 5. b 10. c 15. d 20. b 25. c 30. a 35. _
Compiling such a data bank is an ongoing process. Comments and contributions are appreciated by those persons who use this resource.
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