Chapter 32 Multiple Choice

One important cause of the great stock market crash of 1929 was A.) Overexpansion of production and credit beyond people's ability to pay for goods B.) A tight money policy that made it difficult to obtain loans C.) The lack of tariff production for American markets from foreign competitors D.) Excessive government regulation of business E.) The agricultural depression that had weakened the American farm economy

A.) Overexpansion of production and credit beyond people's ability to pay for goods

The international economic crisis caused by unpaid war reparations and loans was partially resolved by A.) Private American bank loans to Germany that enabled Germany to pay war reparations B.) Forgiving the Allied loans and German reparations C.) The creation of a new international economic system by the League of Nations D.) The rise of Mussolini and Hitler E.) Forcing Germany to pay off the Allied loans to the United States

A.) Private American bank loans to Germany that enabled Germany to pay war reparations

In the political campaign of 1928, Herbert Hoover revealed himself to be A.) A charismatic and eloquent campaigner B.) A combination of nineteenth-century small town virtues with big business efficiency C.) Willing to engaged in Anti-Catholic rhetoric to defeat Al Smith D.) Hostile to new forms of technology and progress E.) Interested primarily in foreign policy

B.) A combination of nineteenth-century small town virtues with big business efficiency

The farm bloc's favorite solution to the severe drop in prices that caused farmers' economic suffering in the 1920s was A.) Direct federal assistance to encourage farmers not to grow grain or cotton B.) For the federal government to buy up agricultural surpluses at higher prices and sell them abroad C.) For the United States to impose high tariffs on agricultural imports from foreign countries D.) For the farmers to form producers' unions to obtain higher prices from consumers E.) For farmers to switch from corn, cotton, and wheat to more profitable crops

B.) For the federal government to buy up agricultural surpluses at higher prices and sell them abroad

Two groups that suffered severe political setbacks in the immediate post-World War I environment were A.) Protestants and Jews B.) Organized labor and blacks C.) Small businesses and farmers D.) Women and city dwellers E.) Southerners and Midwesterners

B.) Organized labor and blacks

The central scandal of Teapot Dome involved members of Harding's cabinet who A.) Sold spoiled foodstuffs to the army and navy B.) Took bribes for leasing federal oil lands C.) Violated prohibition by tolerating gangster liquor deals D.) Stuffed ballot boxes and played dirty tricks on campaign opponents E.) Took expensive trips at taxpayer expense

B.) Took bribes for leasing federal oil lands

The proposed ration of 5:5:3 in the Washington Disarmament Conference of 1921-1922 referred to the A.) Ratio of American, British, and Japanese troops to be maintained in China B.) Respective number of votes Britain, France, and the United States would have in the League of Nations C.) Allowable ratio of battleships and carriers among the United States, Britain, and Japan D.) Number of nations from Europe, the Americas, and Asia, respectively, that would have to ratify the disarmament treaties before they went into effect E.) Number of negotiators that the United States, Britain, and Japan sent to the conference

C.) Allowable ratio of battleships and carriers among the United States, Britain, and Japan

The federal agency that Hoover established in order to provide pump-priming loans to business was the A.) Tennessee Valley Authority B.) Bonus Expeditionary Force C.) Grain Stabilization Corporation D.) American Legion E.) Reconstruction Finance Corporation

C.) Grain Stabilization Corporation

Which two terms best describes the Harding and Coolidge administrations' approach to foreign policy? A.) Internationalism and moralism B.) Interventionism and militarism C.) Isolationism and disarmament D.) Balance of power and alliance-seeking E.) Imperialism and racism

C.) Isolationism and disarmament

As president, Warren G. Harding proved to be A.) Thoughtful and ambitious but impractical B.) An able administrator and diplomat but a poor politician C.) Politically competent and concerned for the welfare of ordinary people D.) Weak-willed and tolerant of corruption among his friends and his cabinet E.) Better at managing domestic policy than foreign policy

D.) Weak-willed and tolerant of corruption among his friends and his cabinet

The very high tariff rates of the 1920s had the primary economic effect of A.) Stimulating the formation of common markets among the major industrial nations B.) Causing severe deflation in the United States and Europe C.) Turning American trade away from Europe and toward Asia D.) Stimulating American technological developments and raising wages E.) Causing the Europeans to erect their own tariff barriers and thus severely reduce international trade

E.) Causing the Europeans to erect their own tariff barriers and thus severely reduce international trade

Al Smith's Roman Catholicism and opposition to prohibition hurt him especially A.) Among northeasterners B.) Among ethnic voters C.) Among African Americans D.) Among women voters E.) In the South

E.) In the South

The sky high Hawley Smoot Tariff of 1930 had the economic effect of A.) Providing valuable protection for hard pressed American manufacturers B.) Lowering the value of American currency in international money markets C.) Crippling international trade and deepening the depression D.) Forcing foreign governments to negotiate fairer trade agreements E.) Raising so much revenue that the federal government was running surpluses

E.) Raising so much revenue that the federal government was running surpluses

Besides deep divisions within the Democratic party, the elections of 1924 revealed A.) Coolidge's inability to attain Harding's level of personal popularity B.) The close political division between Republicans and Democrats C.) The turn of the solid South from the Democrats to the Republicans D.) The rise of liberalism within the Democratic party E.) That the progressive movement was much weaker than it had been before World War I

E.) That the progressive movement was much weaker than it had been before World War I

The relationship between government and big business advocated by the Republican presidents of the 1920s was that A.) Regulation of business should be weakened and the government should actively promote business profits B.) Federal regulation should take precedence over state and local government C.) Antitrust laws should be vigorously enforced to prevent monopolies D.) The government should retain a role in operating key business like the railroads and utilities E.) The government should keep hands off business and actively promote laissez-faire

E.) The government should keep hands off business and actively promote laissez-faire