Chapter 234. Reflections on The Great Crash, Chapter 23

Reflections on The Great Crash, Chapter 23

Use your critical reading skills to answer the following questions about the author’s historical interpretation in the narrative.

Quiz

Questions

Question

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There is no right or wrong answer to this question. Your answer has been accepted and your response will be reviewed by your instructor.

Question

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Correct. The answer is c. The author’s main point in this section of the chapter is that, when the United States’ unbalanced economy crashed in 1929, Herbert Hoover’s reliance on the principles of individual self-reliance, industrial self-management, and limited government made it impossible for him to arrest and reverse the resulting crises.

Incorrect. The answer is c. The author’s main point in this section of the chapter is that, when the United States’ unbalanced economy crashed in 1929, Herbert Hoover’s reliance on the principles of individual self-reliance, industrial self-management, and limited government made it impossible for him to arrest and reverse the resulting crises.

Question

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Correct. The answer is b. The author argues that the fundamental instability of the domestic economy rested upon the inequitable distribution of wealth. While the wealthiest 1 percent of the population received 15 percent of the nation’s income, nearly two-thirds of American families lived on less than the $2000 per year that economists estimated would “supply only basic necessities.”

Incorrect. The answer is b. The author argues that the fundamental instability of the domestic economy rested upon the inequitable distribution of wealth. While the wealthiest 1 percent of the population received 15 percent of the nation’s income, nearly two-thirds of American families lived on less than the $2000 per year that economists estimated would “supply only basic necessities.”

Question

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Correct. The answer is a. The author describes the failure of the 1929 bargain Hoover brokered between businesses and labor, which led to declining demand, reductions in production, and further layoffs, to substantiate his argument that Hoover’s reliance on the principles of limited government and industrial self-management contributed to the spiral of economic decline that took place in the early 1930s.

Incorrect. The answer is a. The author describes the failure of the 1929 bargain Hoover brokered between businesses and labor, which led to declining demand, reductions in production, and further layoffs, to substantiate his argument that Hoover’s reliance on the principles of limited government and industrial self-management contributed to the spiral of economic decline that took place in the early 1930s.

Question

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Correct. The answer is d. The author argues that the stock market crashed in 1929 in large part because of the prevalent use of credit for stock purchases.

Incorrect. The answer is d. The author argues that the stock market crashed in 1929 in large part because of the prevalent use of credit for stock purchases.

Question

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Correct. The answer is d. The author argues that Hoover’s firm belief in the principle of self-reliance made him unwilling to fund direct federal relief for the unemployed during the first years of the Great Depression.

Incorrect. The answer is d. The author argues that Hoover’s firm belief in the principle of self-reliance made him unwilling to fund direct federal relief for the unemployed during the first years of the Great Depression.

Question

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Question

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Question

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