Economic Downfalls: The Weakest Eras in History
NO DIDDY
Created 7/15/2024
Test your knowledge on the most challenging economic periods the world has faced.
1. What event is often cited as the starting point of the Great Depression?
Smoot-Hawley Tariff Act of 1930
World War I outbreak in 1914
Stock Market Crash of October 1929
Black Monday crash of 1987
2. Which pandemic caused the worst economic downturn since the Great Depression?
Ebola in 2014-2016
SARS in 2002-2004
H1N1 influenza in 2009
COVID-19 in 2019-2020
3. What was a significant cause of the 1970s economic decline in the U.S.?
Public sector strikes
High interest rates
Tax increases
Oil price shocks
4. How did the Federal Reserve contribute to the economic recession in 1937?
Reduced public spending
Lowered interest rates
Implemented wage controls
Increased money reserve requirements
5. What global event led to the recession of the early 1990s in the Northeast U.S.?
East Asian financial crisis
Gulf War
Cutbacks in defense spending
Collapse of the Soviet Union
6. Which figure played a crucial role during the Great Depression as the U.S. President?
Herbert Hoover
Calvin Coolidge
Franklin D. Roosevelt
Warren G. Harding
7. The term 'Great Lockdown' is associated with which economic downturn?
Dot-com bubble burst
2008 financial crisis
1987 stock market crash
COVID-19 recession
8. Which period saw a rapid drop in oil prices leading to economic downturns in the U.S. Southwest?
9. What was the primary cause of post-WWII inflation in the U.S.?
Increased public debt
Gold standard abolition
High war reparations
Elimination of price controls
10. Which global crisis led to the recession known as the 'Great Recession'?
2008 financial crisis
2014 oil price drop
1979 oil shock
2000 dot-com bust
11. What were the WPA's focus areas during the Great Depression?
Agricultural reforms
Space exploration
Public works projects
New Deal banking laws
12. Which sector's cutbacks aggravated the Northeast U.S. economic slowdown in the early 1990s?
Defense
Agriculture
Technology
Retail
