1920/1930 Vocabulary Quiz

When a bank is unable to meet its obligations to its depositors or other creditors because it has run out of money.

• Bank failures

• competition

• Economic welfare

• International trade

______________ is a rivalry where two or more parties strive for a common goal which cannot be shared:

• Bank failures

• competition

• Economic welfare

• International trade

Is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services.

• Bank failures

• competition

• Economic welfare

• International trade

Policy to manage the supply of money in a country's economy.

• Monetary policy

• tariffs

• unemployment

• Federal Reserve System

A tax on imported goods

• Monetary policy

• tariffs

• unemployment

• Federal Reserve System

Not being employed or without a job

• Monetary policy

• tariffs

• unemployment

• Federal Reserve System

Is the central banking system of the United States of America. After a series of financial panics led to the desire for central control of the monetary system in order to alleviate financial crises.

• Monetary policy

• tariffs

• unemployment

• Federal Reserve System

President of the United States during the Great Depression.

• Franklin Delano Roosevelt

• Great Depression

• Smoot-Hawley Tariff

• Stock

An economic crisis that began in 1929 and ended in December of 1941.

• Franklin Delano Roosevelt

• Great Depression

• Smoot-Hawley Tariff

• Stock

A tax placed on imported goods during early years of the Great Depression.

• Franklin Delano Roosevelt

• Great Depression

• Smoot-Hawley Tariff

• Stock