#1
Which event marked the beginning of the Great Depression in the United States?
The Black Tuesday stock market crash of 1929
ExplanationStock market crash initiated economic downturn.
#2
Which U.S. president is credited with the phrase 'The only thing we have to fear is fear itself'?
Franklin D. Roosevelt
ExplanationInstilled confidence during economic crisis.
#3
Who was the U.S. president during the stock market crash of 1929?
Herbert Hoover
ExplanationIn office when economic collapse occurred.
#4
Which U.S. president signed the Civil Rights Act of 1964 into law?
Lyndon B. Johnson
ExplanationEnacted landmark civil rights legislation.
#5
Which U.S. act, passed in 1944, provided various benefits for returning World War II veterans?
The Servicemen's Readjustment Act
ExplanationAimed at aiding veterans' transition to civilian life.
#6
What was the primary goal of the New Deal?
To provide immediate relief, economic recovery, and financial reform
ExplanationAimed at tackling economic crisis through various reforms.
#7
During which event did the Dust Bowl occur, exacerbating the economic situation?
The Great Depression
ExplanationEnvironmental disaster worsened economic woes.
#8
What policy did the U.S. adopt at the outset of World War II, which helped end the Great Depression?
Lend-Lease Act
ExplanationAid to allies stimulated economy.
#9
What legislative act was passed in 1935 to ensure workers' rights to unionize and bargain collectively?
The National Labor Relations Act (Wagner Act)
ExplanationProtected workers' rights for collective bargaining.
#10
Which U.S. president initiated the War on Poverty in the 1960s?
Lyndon B. Johnson
ExplanationLaunched programs to alleviate poverty.
#11
Which movement was directly influenced by economic disparity and social injustices during the 20th century, leading to significant legal and societal changes?
The Civil Rights Movement
ExplanationFought against economic and social inequality.
#12
What economic policy is most associated with the Reagan administration during the 1980s?
Supply-side economics
ExplanationEmphasized tax cuts and deregulation.
#13
Which event is considered a significant factor leading to the Great Recession of 2007-2009?
The subprime mortgage crisis
ExplanationHousing market collapse triggered financial crisis.
#14
What was the main economic challenge faced by the U.S. during the stagflation of the 1970s?
High inflation and high unemployment
ExplanationSimultaneous economic stagnation and inflation.
#15
Which U.S. policy initiative aimed to restore economic stability by regulating the banking sector after the 2008 financial crisis?
The Dodd-Frank Wall Street Reform and Consumer Protection Act
ExplanationImplemented financial regulations to prevent future crises.