Economic Crisis and Recovery in 20th Century America Quiz

Test your knowledge on major economic downturns and recoveries in U.S. history with this macroeconomics quiz.

#1

Which President implemented the New Deal policies to address the economic challenges of the Great Depression?

Franklin D. Roosevelt
Herbert Hoover
Ronald Reagan
Harry S. Truman
#2

What is the term used to describe a prolonged period of economic decline lasting longer than a recession?

Stagnation
Depression
Downturn
Contraction
#3

What is the term used to describe a sudden and severe decline in economic activity that lasts for a relatively short period?

Depression
Stagnation
Recession
Deflation
#4

What term describes the situation when the general price level of goods and services is falling?

Stagflation
Inflation
Deflation
Hyperinflation
#5

Who is often considered the 'Father of Economics' and authored 'The Wealth of Nations'?

John Maynard Keynes
Milton Friedman
Adam Smith
Karl Marx
#6

During which decade did the United States experience the 'Dot-com Bubble' and subsequent market crash?

1980s
1990s
2000s
2010s
#7

Which economic crisis is often considered the most severe in U.S. history?

Great Depression
Dot-com Bubble Burst
Subprime Mortgage Crisis
1970s Stagflation
#8

During which decade did the United States experience the 'Lost Decade' characterized by economic stagnation?

1920s
1930s
1970s
2000s
#9

Which policy approach involves the government stimulating the economy by increasing spending and cutting taxes during economic downturns?

Monetary policy
Austerity measures
Expansionary fiscal policy
Supply-side economics
#10

Which act, passed during the Great Depression, was aimed at protecting investors and restoring trust in the stock market?

Securities Act of 1933
Glass-Steagall Act
Emergency Banking Act
Social Security Act
#11

During which presidency did the U.S. experience the 'Black Monday' stock market crash of 1987?

Ronald Reagan
George H. W. Bush
Bill Clinton
Jimmy Carter
#12

Which economic crisis in the early 21st century led to the collapse of several major financial institutions and severe global economic repercussions?

Great Recession
Dot-com Bubble Burst
Asian Financial Crisis
Oil Crisis
#13

Which economic phenomenon refers to a period of declining economic activity coupled with high inflation?

Stagflation
Hyperinflation
Deflation
Recession
#14

What event triggered the economic downturn known as the Panic of 1893 in the United States?

Stock market crash
Bank failures
Railroad bankruptcies
Crop failures
#15

Which economist is widely credited with developing the concept of 'The Great Moderation'?

John Maynard Keynes
Milton Friedman
Paul Krugman
Ben Bernanke
#16

What economic theory advocates for minimizing government intervention in the economy and promoting free markets?

Keynesian economics
Monetarism
Austrian economics
Classical economics
#17

What economic theory advocates for government intervention to control inflation and stabilize prices?

Keynesian economics
Monetarism
Austrian economics
Supply-side economics

Sign In to view more questions.

Sign InSign Up

Quiz Questions with Answers

Forget wasting time on incorrect answers. We deliver the straight-up correct options, along with clear explanations that solidify your understanding.

Test Your Knowledge

Craft your ideal quiz experience by specifying the number of questions and the difficulty level you desire. Dive in and test your knowledge - we have the perfect quiz waiting for you!

Similar Quizzes

Other Quizzes to Explore