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This quiz consists of 5 multiple choice and 5 short answer questions through Chapter 8, Who Protects the Worker?.

Multiple Choice Questions

1. The legislation for the Federal Reserve System came into being as a result of:
(a) public works programs
(b) the collapse of the stock market
(c) runs on banks
(d) the Great Depression of 1909

2. Which bank failure precipitated the banking crisis of 1930?
(a) Chase
(b) Bank of England
(c) The Bank of the United States
(d) Knickerbocker Trust

3. The regulation of employment practices and safety standards in the workplace is performed by:
(a) FEMA
(b) Office of Safety and Health Administration
(c) EPA
(d) Department of Labor

4. The economist that changed the way of economic thinking regarding depressions was:
(a) John Maynard Keynes
(b) Milton Friedman
(c) David Ricardo
(d) Adam Smith

5. The Federal Reserve Act was legislated in:
(a) 1908
(b) 1913
(c) 1929
(d) 1909

Short Answer Questions

1. The country whose post-World War II domestic policy was aimed at promoting equality of outcomes is:

2. Originally, in the early days of the country, equality meant:

3. Restrictions of payments refers to:

4. A coordinated restriction of payments by banks is used:

5. Equality is discussed in all but the following ways:

(see the answer key)

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