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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. Black Thursday, October 24, 1929, refers to the:
(a) collapse of the stock market
(b) collapse of the banking system
(c) end of government payments
(d) end of the gold standard

2. What did Alexis de Tocqueville say was the outstanding characteristic of America?
(a) good incomes
(b) good opportunities
(c) liberty
(d) equality

3. Equality is discussed in all but the following ways:
(a) before God
(b) outcomes
(c) opportunity
(d) in every way

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

5. Which of the following is not a method of unions securing higher wages?
(a) collusion with the employer
(b) restricting jobs
(c) enforcing a higher wage
(d) the free market

Short Answer Questions

1. The United States banking system is:

2. Equality of outcomes is related to:

3. The Federal Reserve Act was legislated in:

4. Which of the following laws is not specifically aimed at protection of workers?

5. The legislation for the Federal Reserve System came into being as a result of:

(see the answer key)

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