Chapter 17. Banks and the Great Depression

EIA Activity: Banks and the Great Depression

[Online Document Assignment:]

EIA Activity: Banks and the Great Depression

Click on the links on the right to answer the following questions.

  1. Question

    Use Link 1 to answer the following questions. True or False: Ben Bernanke acknowledged in 2002 that the Federal Reserve’s mistakes helped contribute to one of the worst disasters in American history when he was a member of the Federal Reserve Board of Governors.

    A.
    B.

  2. Question

    True or False: Because of its length, depth, and the consequences surrounding it, many economic historians view the Great Depression as a disaster.

    A.
    B.

  3. Question

    True or False: The Great Depression lasted longer than a decade.

    A.
    B.

  4. Question

    True or False: The Great Depression has been described as one of the longest and deepest downturns in U.S. economic history.

    A.
    B.

  5. Question

    True or False: Marriage rates increased in the United States during the Great Depression.

    A.
    B.

  6. Question

    Explain the difference between a recession and a depression.

    Your response will be graded by your instructor.
    Explain the difference between a recession and a depression.
  7. Question

    Discuss the Federal Reserve’s role during the Great Depression.

    Your response will be graded by your instructor.
    Discuss the Federal Reserve’s role during the Great Depression.

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