Economic policies and financial practices in the early 20th century United States Quiz
Test your knowledge of macroeconomics with questions about the New Deal, Federal Reserve, Great Depression, and more.
#1
Which of the following acts was NOT a part of President Franklin D. Roosevelt's New Deal?
Social Security Act
Federal Reserve Act
Civilian Conservation Corps
Securities Act
#2
Who was the president of the United States when the Federal Reserve System was established?
Theodore Roosevelt
Woodrow Wilson
William Howard Taft
Calvin Coolidge
#3
What was the main objective of the Federal Reserve Act of 1913?
To regulate the stock market
To establish a central bank
To provide loans to farmers
To create a federal budget
#4
Which president implemented the 'Square Deal' policy, focusing on conservation, consumer protection, and controlling corporations?
Theodore Roosevelt
William Howard Taft
Woodrow Wilson
Calvin Coolidge
#5
What was the primary goal of the Clayton Antitrust Act of 1914?
To regulate the banking industry
To promote fair competition
To establish labor rights
To regulate the stock market
#6
Which event triggered the start of the Great Depression in the United States?
The stock market crash of 1929
The passage of the Hawley-Smoot Tariff Act
The failure of many banks in the South
The collapse of the housing market
#7
What was one effect of the Dust Bowl during the Great Depression?
Increased agricultural productivity
Mass migration of farmers to urban areas
Decrease in unemployment rates
Expansion of the manufacturing sector
#8
Which economic theory dominated the United States during the early 20th century?
Keynesian economics
Monetarism
Classical economics
Supply-side economics
#9
Which of the following best describes the impact of the Smoot-Hawley Tariff Act of 1930?
It led to a decrease in international trade.
It increased foreign investment in the United States.
It had no significant impact on the economy.
It helped stabilize the global economy.
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