Senator Thomas speaks in Washington DC about legislation to fight deflation

What was the primary goal of Senator Elmer Thomas's proposal?

• To reduce government spending

• To expand credit by $3 billion

• To increase gold reserves

• To increase taxes

What was President Roosevelt's program of reflation intended to achieve?

• To increase tariffs

• To restore confidence and credit

• To decrease the money supply

• To reduce the national debt

Which of the following was NOT part of the reflation program?

• Increasing the gold content of the dollar

• Issuing Treasury notes

• Accepting silver payments on war debt accounts

• Purchasing government bonds

What was one of the measures to place money in circulation?

• Increasing taxes

• Purchasing government bonds by the Federal Reserve

• Reducing interest rates

• Selling government assets

What was the potential action regarding the gold content of the dollar?

• Increasing it

• Keeping it constant

• Lowering it if necessary

• Eliminating it