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History Q chap 23 - 2 Which if any of the economic...

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Chapter Review Questions: Purpose: History classes can be overwhelming, so many dates, places, names, etc. The purpose of the questions below is to get you to focus on major ideas or themes in each chapter. The questions are designed to get you to “flesh out” these ideas. Yes or no answers are not expected nor wanted . Students should also look to see if an “Economic Reasoning Principle” applies and note it. o These questions, and their answers will form the basis for much of your grade. o You will find answers to quizzes as well as midterm essay questions built around these weekly chapter questions. o If you do not prepare these questions in advance of class you will lose points for participation . Moreover, you will not be well prepared for the midterms. Questions Chapter 23 1. Given your prior knowledge or studies, what about this chapter most surprised you? What ideas, if any, do you have most trouble accepting? Why?
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Unformatted text preview: 2. Which, if any, of the economic principles discussed in the first week did you see at play in this chapter? 3. What were the two drags on the economy that historians can see with hindsight? 4. Explain the nature and effect of the stock market crash on ’29. 5. Explain the nature and effect of the The Smoot-Hawely Tariff Act. 6. What was the nature of the banking crises, how did it add to the economic problems of the day, and what did (didn’t) The Federal Reserve do during this time? 7. How do monetarists and non-monetarists view the role of the financial crisis, as it relates to the Great Depression? 8. Were Hoover and Roosevelt so different in their view of what the government should do to deal with the Great Depression? 9. What happened in 1937 and why? Could a Great Depression happen again? What does the depression tell us about capitalism? Chapter Review Questions:...
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