US Economic History Test 8

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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History Economic History (University) University (USA History) USA USA History Standards & AP

What is this test? for University History, USA — University (USA History) level, USA.
For University students studying History in the USA
Section: History Economic History (University) · Education: University · Part: History Economic History (University) · Country: USA

Knowledge of history is essential for understanding the vast accumulation from past to present and for establishing cause-and-effect relationships among historical events.

This test will help you develop chronological thinking and prepare for history questions on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Name J.P. Morgan.

A) Banker who financed industry

B) Steel magnate

C) Labor leader

D) Oil tycoon

Question 2

What is the business cycle?

A) Flat line

B) Boom bust pattern

C) Steady rise

D) Random walk

Question 3

What was WWII spending?

A) Caused slump

B) No effect

C) Ended Depression

D) Cut all debt

Question 4

What was the Panic of 1857?

A) War

B) Drought

C) Gold flood

D) Railroad bust

Question 5

What connected coasts by 1869?

A) transcontinental railroad

B) telegraph only

C) canals

D) highways

Question 6

What is the deficit now?

A) Surplus

B) Yearly shortfall

C) Zero

D) Secret

Question 7

When was First Bank?

A) 1789

B) 1800

C) 1791

D) 1811

Question 8

Where did Industrial Revolution start?

A) France

B) USA

C) Germany

D) Britain

Question 9

Who suffered 1893?

A) Cleveland's term

B) Harrison's

C) McKinley's

D) Bryan's

Question 10

Who sent first telegraph message?

A) Bell

B) Samuel Morse

C) Edison

D) Tesla

Question 11

What did Watt improve?

A) light bulb

B) telegraph

C) steam engine

D) cotton gin

Question 12

Which of the following best defines laissez-faire?

A) No business

B) Workers control business

C) Government controls business

D) Government hands off business

Question 13

What was the pandemic shock?

A) 2020 shutdown crash

B) Boom

C) No effect

D) Slow dip

Question 14

Which term means "Gold reserve fear"?

A) the Homestead Strike (1892)

B) the Panic of 1893

C) laissez-faire

D) a trust

Question 15

Which of these did Bretton Woods fix?

A) Free float

B) No dollars

C) Dollar-gold rates

D) Silver coin

Question 16

Which term means "Black Monday dip"?

A) the Homestead Strike (1892)

B) laissez-faire

C) a trust

D) the 1987 crash

Question 17

Which of the following best defines the GDP drop?

A) About one third

B) One tenth

C) One half

D) None

Question 18

Which of the following best defines the dot-com bust?

A) Housing crash

B) 2000 tech crash

C) Bank panic

D) Oil shock

Question 19

Which of the following best defines quantitative easing?

A) Rate hikes

B) Tax cuts

C) Bond buying stimulus

D) Gold buying

Question 20

Which term means "Setting rate policy"?

A) the Homestead Strike (1892)

B) laissez-faire

C) a trust

D) the Fed chair role

US Economic History Test 8

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