Chapter_29_Wilsonian_Progressivism_in_Peace_and_War_1913_1920 (1)

American Pageant 16th Edition By David M. Kennedy

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Chapter_29_Wilsonian_Progressivism_in_Peace_and_War_1913_1920 (1)

 

Complete Chapter Questions With Answers

 

Sample Questions Are Posted Below

 

 

64. When Woodrow Wilson became president in 1912, the most serious shortcoming in the country’s financial structure was that

  a. federal paper money was not backed by sound gold or silver.
  b. heavy state and federal regulation of big business and trusts that handicapped the development of business in America.
  c. the banking system was too heavily regulated by the federal government.
  d. the U.S. dollar was rigidly tied to gold.
  e. money for lending was inelastic and heavily concentrated in New York City.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Wilson Battles the Bankers

 

65. The Federal Reserve Act of 1913 guaranteed a substantial measure of public control over the American banking and currency system through the great authority given to

  a. the secretary of the treasury.
  b. the House and the Senate.
  c. banking shareholders.
  d. regional Federal Reserve banks.
  e. the presidentially appointed Federal Reserve Board.

 

ANSWER:   e
POINTS:   1
REFERENCES:   Wilson Battles the Bankers

 

66. The Federal Reserve Act gave the Federal Reserve Board the authority to

  a. issue paper money and increase or decrease the amount of money in circulation by altering interest rates.
  b. close weak banks.
  c. take the U.S. dollar off the gold standard.
  d. permit the free coinage of silver.
  e. guarantee individual banking deposits against bank failures.

 

ANSWER:   a
POINTS:   1
REFERENCES:   Wilson Battles the Bankers

 

67. The Federal Trade Commission was established in 1914 to address all of these practices except

  a. eliminating unfair and discriminatory trade practices.
  b. outlawing unfair business competition and bribery.
  c. sale of stocks without full disclosure of a business’s organization and profits.
  d. prohibiting false and misleading advertising.
  e. outlawing the mislabeling or adulterating of products.

 

ANSWER:   c
POINTS:   1
REFERENCES:   The President Tames the Trusts

 

68. The central provisions of the Clayton Anti-Trust Act

  a. included trade unions under the antimonopoly provisions of the Sherman Anti-Trust Act.
  b. declared that no single corporation could control more than 75 percent of a given industry.
  c. established minimum wage rates for goods produced in interstate commerce.
  d. outlawed corporate interlocking directorates and price discrimination against different purchasers.
  e. weakened regulations against interlocking directorates and private discrimination against different purchasers.

 

ANSWER:   d
POINTS:   1
REFERENCES:   The President Tames the Trusts

 

69. Besides prohibiting anticompetitive business practices, the Clayton Anti-Trust Act broke new ground by

  a. exempting labor unions and agricultural cooperatives from antitrust prosecution.
  b. exempting organized major-league baseball from antitrust prosecution.
  c. prohibiting colleges and universities from cooperating to establish tuition and fees.
  d. permitting American businesses to form monopolies when operating overseas.
  e. creating a federal incorporation law for large businesses.

 

ANSWER:   a
POINTS:   1
REFERENCES:   The President Tames the Trusts

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