99. Among the myths about the Great Depression, according to Smiley, is that: a.

Question

99. Among the myths about the Great Depression, according to Smiley, is that: a. capitalism failed. b. markets worked quite well. c. the New Deal did little to help the economy. d. Herbert Hoover was actively using government to combat the depression. e. All of the above. 100. Following the initiation of the bank holiday in 1933: a. nearly two in five national banks failed to reopen. b. most big city banks were closed for about sixty days. c. bank depositors continued to withdraw their funds until late in 1935. d. the crisis for the banking sector, for all intents, was over. e. about 99% of all state chartered banks were able to reopen. 101. Which of the following is/are true about the Agricultural Adjustment Administration? a. It established minimum prices on many agricultural crops. b. It killed off millions of pigs and cattle in order to keep prices high. c. It generally transferred wealth from non- farmers to farmers. d. It was struck down as unconstitutional by the Supreme Court. e. All of the above. 102. Christoff-Kurapovna characterizes the “international monetary culture” of the pre-1914 world as: a. gold-based. b. wary of credit. c. contemptuous of public debt. d. contemptuous of private debt. e. All of the above.

Explanation / Answer

First question is answered below

99.
Correct option: (b) markets worked quite well

Reason: One of the myths of Great Depression is that markets worked well, because in reality markets failed to work well which led to disequilibrium and thus recession which worsened to become the Great Depression

Related Questions

Navigate

• Browse (All)
• Browse 9
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.