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Depression / Recession Review Flashcards | StudBud
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Depression / Recession Review
Depression / Recession Review
8 terms
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StudBud Administration
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Review New Deal, Depression & Great Recession
Flashcards
8 cards
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Practice quiz
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Questions
8
Answers
1
The New Deal & the Recovery Act are based on this economic theory.
Communism
Keynesian Economics
Laissez-Faire
Inflation Economics
2
Tariffs made the Great Depression worse because they ___
Overproduced crops
Lowered taxes
Reduced trade
Encouraged spending
3
In 1929 the stock market crashed. In 2008 the ____ market crashed.
Banking
Manufacturing
Super
Housing
4
A common cause of the Great Depression & the Great Recession was ____
Economic inequality
Too much regulation
War Debt
Overproduction in agriculture
5
The two presidents during the Great Recession were ___ and ___
Clinton/Bush
Bush/Clinton
Reagan/Bush
Bush/Obama
6
The President during most of the Great Depression was ___
Franklin Roosevelt
Woodrow Wilson
Calvin Coolidge
Herbert Hoover
7
A short economic crisis is called a ____.
Recession
Inflation
Deflation
Depression
8
How can programs inspired by Keynesian economics help the economy? The government...
Raises prices on crops
Increased the money supply
Spends $ to create jobs
Cuts spending