#1
Which of the following acts was NOT a part of President Franklin D. Roosevelt's New Deal?
Federal Reserve Act
ExplanationThe Federal Reserve Act was not a part of President Franklin D. Roosevelt's New Deal; it was enacted in 1913.
#2
Who was the president of the United States when the Federal Reserve System was established?
Woodrow Wilson
ExplanationWoodrow Wilson was the president when the Federal Reserve System was established in 1913.
#3
What was the main objective of the Federal Reserve Act of 1913?
To establish a central bank
ExplanationThe main objective of the Federal Reserve Act of 1913 was to establish a central bank.
#4
Which president implemented the 'Square Deal' policy, focusing on conservation, consumer protection, and controlling corporations?
Theodore Roosevelt
ExplanationTheodore Roosevelt implemented the 'Square Deal' policy.
#5
What was the primary goal of the Clayton Antitrust Act of 1914?
To promote fair competition
ExplanationThe primary goal of the Clayton Antitrust Act of 1914 was to promote fair competition.
#6
Which event triggered the start of the Great Depression in the United States?
The stock market crash of 1929
ExplanationThe stock market crash of 1929 triggered the start of the Great Depression.
#7
What was one effect of the Dust Bowl during the Great Depression?
Mass migration of farmers to urban areas
ExplanationOne effect of the Dust Bowl during the Great Depression was the mass migration of farmers to urban areas.
#8
Which economic theory dominated the United States during the early 20th century?
Classical economics
ExplanationClassical economics dominated the United States during the early 20th century.
#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.
ExplanationThe Smoot-Hawley Tariff Act of 1930 led to a decrease in international trade.