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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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- Fall '10
- Great Depression, Federal Reserve System, Wall Street Crash of 1929, Milton Friedman