Economic Transformations and Social Dynamics in American History Quiz

Test your knowledge on economic transformations in the US, from New Deal to dot-com bubble to recent policies. Take the quiz now!

#1

Which event marked the beginning of the Great Depression in the United States?

Stock Market Crash of 1929
The signing of the Treaty of Versailles
The end of World War I
The passage of the Smoot-Hawley Tariff Act
#2

Who was the President of the United States during the Great Depression?

Franklin D. Roosevelt
Herbert Hoover
Woodrow Wilson
Calvin Coolidge
#3

Which event led to the economic boom in the United States during the 1950s?

The end of World War II
The Korean War
The Cuban Missile Crisis
The Vietnam War
#4

Who was the author of the book 'The Affluent Society,' which critiqued American consumerism and discussed economic inequality?

John Maynard Keynes
Milton Friedman
John Kenneth Galbraith
Adam Smith
#5

Which economic theory advocates for minimal government intervention and emphasizes free markets and individual self-interest?

Keynesian economics
Monetarism
Austrian economics
Marxian economics
#6

What was the primary cause of the 2008 financial crisis in the United States?

Subprime mortgage lending
Excessive government regulation
Rapid technological advancements
Decline in consumer spending
#7

What was the primary goal of the New Deal programs implemented during the Great Depression?

To regulate the stock market
To provide relief, recovery, and reform
To reduce government intervention in the economy
To promote isolationism
#8

Which economic theory was influential in shaping President Franklin D. Roosevelt's policies during the Great Depression?

Keynesian economics
Monetarism
Supply-side economics
Austrian economics
#9

What was the name of the economic policy that advocated for cutting taxes to stimulate economic growth, popularized during the Reagan administration?

Supply-side economics
Monetarism
Keynesian economics
Fiscal conservatism
#10

Which President signed the North American Free Trade Agreement (NAFTA) into law?

Bill Clinton
George H. W. Bush
Ronald Reagan
Jimmy Carter
#11

Which President signed the Economic Recovery Tax Act of 1981, which significantly cut taxes?

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

What is the term used to describe the period of economic downturn and high unemployment following the 2008 financial crisis?

The Great Recession
The Roaring Twenties
The Industrial Revolution
The Gilded Age
#13

Which legislation established Social Security in the United States?

The Federal Reserve Act
The Glass-Steagall Act
The Social Security Act
The Wagner Act
#14

What economic phenomenon led to the burst of the dot-com bubble in the early 2000s?

Excessive speculation
Government intervention
Sustainable growth
Rapid technological advancements
#15

Which organization sets monetary policy in the United States?

The Federal Reserve
The World Bank
The International Monetary Fund
The Securities and Exchange Commission
#16

Which President signed the Tax Cuts and Jobs Act of 2017, reducing corporate and individual tax rates?

Donald Trump
Barack Obama
George W. Bush
Bill Clinton
#17

What was the primary objective of the Dodd-Frank Wall Street Reform and Consumer Protection Act?

To increase financial speculation
To reduce government regulation
To prevent another financial crisis
To privatize banking institutions

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