The Influence of J
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Questions and Answers

Which president stopped the coinage of silver in 1806?

  • Jefferson (correct)
  • Jackson
  • Bimetallic System
  • Biddle
  • Which banking policy led to the removal of silver from the money supply?

  • The Federal Reserve Act
  • The Bankrupt State Banks
  • The Panic of 1837
  • The Crime of '73 (correct)
  • Who was the president of the Second Bank of the United States?

  • Andrew Jackson
  • Nicholas Biddle (correct)
  • William Jennings Bryan
  • Thomas Jefferson
  • Which committee investigated the interconnectedness of boards in the banking system?

    <p>The Pujo Committee</p> Signup and view all the answers

    Which of the following was NOT one of Hamilton's proposals for the First Bank?

    <p>Pay off foreign debt</p> Signup and view all the answers

    What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

    <p>The bank's stock was mostly held by foreigners</p> Signup and view all the answers

    What event led to the realization of the necessity of a central bank for the Jeffersonians?

    <p>The War of 1812</p> Signup and view all the answers

    Which monetary system was the US decimal system based on?

    <p>C. British</p> Signup and view all the answers

    What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

    <p>C. Reconstruction Finance Corporation</p> Signup and view all the answers

    What about the Second Bank is different from the First Bank?

    <p>A. Had to pay the federal govt. a bonus of 1.5m</p> Signup and view all the answers

    Which act forbade intercorporate stockholding and price discrimination?

    <p>C. Clayton Antitrust Act of 1914</p> Signup and view all the answers

    Who was responsible for the shipping of perishable ice to the Far East?

    <p>A. Frederic Tudor</p> Signup and view all the answers

    Which act forbade intercorporate stockholding and price discrimination that lessened competition?

    <p>A. Clayton Antitrust Act of 1914</p> Signup and view all the answers

    What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

    <p>A. The Great Depression</p> Signup and view all the answers

    Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

    <p>A. Panama</p> Signup and view all the answers

    Who was responsible for the shipping of perishable ice to the Far East?

    <p>A. Frederic Tudor</p> Signup and view all the answers

    What act forbade intercorporate stockholding and price discrimination?

    <p>A. Clayton Antitrust Act of 1914</p> Signup and view all the answers

    Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

    <p>D. Panama</p> Signup and view all the answers

    What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

    <p>A. It would give too much power to the federal government</p> Signup and view all the answers

    Which president stopped the coinage of silver in 1806?

    <p>B. Thomas Jefferson</p> Signup and view all the answers

    Which banking policy led to the removal of silver from the money supply?

    <p>C. The Specie Circular</p> Signup and view all the answers

    What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

    <p>B. The Great Depression</p> Signup and view all the answers

    Which political parties emerged as a result of Hamilton's proposals for the First Bank?

    <p>Federalists and Democrat-Republicans</p> Signup and view all the answers

    What was one of the reasons why Southerners disliked the First Bank?

    <p>They thought it favored the North</p> Signup and view all the answers

    Why was the charter of the First Bank not renewed in 1811?

    <p>Disorganized payments</p> Signup and view all the answers

    What event showed the Jeffersonians the necessity of a central bank?

    <p>War of 1812</p> Signup and view all the answers

    What was one of the similarities between the First Bank and the Second Bank?

    <p>Government had 1/5 of the stock</p> Signup and view all the answers

    What was one of the differences between the First Bank and the Second Bank?

    <p>The character of government prescription</p> Signup and view all the answers

    What did Hamilton argue would help establish credit?

    <p>Paying debts in full</p> Signup and view all the answers

    Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

    <p>Glass-Steagall Banking Act</p> Signup and view all the answers

    The Federal Reserve System was originally intended to:

    <p>Conduct Monetary Policy</p> Signup and view all the answers

    Introducing more silver into the money supply would positively affect:

    <p>Debtors</p> Signup and view all the answers

    Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:

    <p>$44 bn</p> Signup and view all the answers

    During 1790-1807 total US exports increased:

    <p>5x (60M &gt; 300M)</p> Signup and view all the answers

    What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

    <p>Reconstruction Finance Corporation</p> Signup and view all the answers

    Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?

    <p>Uniform currency faced massive inflation</p> Signup and view all the answers

    Who of the following became the Governor of the Federal Reserve Bank of New York?

    <p>Benjamin Strong Jr.</p> Signup and view all the answers

    Which act forbade intercorporate stockholding and price discrimination?

    <p>Clayton Antitrust Act of 1914</p> Signup and view all the answers

    Which president reorganized the Second Bank under new leadership and conservative lines?

    <p>Nicholas Biddle</p> Signup and view all the answers

    Which of the following statements about the Second Bank is true?

    <p>It was almost bankrupt in 1823</p> Signup and view all the answers

    Which act resulted in the removal of silver from the money supply?

    <p>The Sherman Silver Purchase Act</p> Signup and view all the answers

    Which committee investigated the interconnectedness of boards in the banking system?

    <p>The Pujo Committee</p> Signup and view all the answers

    Which of the following was NOT one of Hamilton's proposals for the First Bank?

    <p>Pay a $1.5 million bonus for a monopoly</p> Signup and view all the answers

    What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

    <p>The bank had a monopoly</p> Signup and view all the answers

    What event led to the realization of the necessity of a central bank for the Jeffersonians?

    <p>The War of 1812</p> Signup and view all the answers

    Who was responsible for the shipping of perishable ice to the Far East?

    <p>A. Frederic Tudor</p> Signup and view all the answers

    What event led to the declaration of a bank holiday by Roosevelt on March 6th, 1933?

    <p>D. The Emergency Banking Act</p> Signup and view all the answers

    Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

    <p>C. The Glass-Steagall Banking Act of 1933</p> Signup and view all the answers

    Which country was liberated from Colombia and acquired French rights for building the Panama Canal?

    <p>C. Panama</p> Signup and view all the answers

    Which president reorganized the Second Bank under new leadership and conservative lines?

    <p>Andrew Jackson</p> Signup and view all the answers

    What was the main reason for the declaration of a bank holiday by Roosevelt on March 6th, 1933?

    <p>To prevent further bank failures</p> Signup and view all the answers

    What was the purpose of the Federal Reserve System when it was originally established?

    <p>To facilitate commercial banking</p> Signup and view all the answers

    Which committee investigated the interconnectedness of boards in the banking system?

    <p>Pujo Committee</p> Signup and view all the answers

    What event led to the realization of the necessity of a central bank for the Jeffersonians?

    <p>The Biddle's Panic</p> Signup and view all the answers

    What was one of the main reasons why Jefferson thought the First Bank was unconstitutional?

    <p>It violated states' rights</p> Signup and view all the answers

    What act resulted in the removal of silver from the money supply?

    <p>National Bank Act</p> Signup and view all the answers

    Which monetary system was the US decimal system based on?

    <p>C. British</p> Signup and view all the answers

    The world has been divided into three great trading blocks:

    <p>C. North America, Europe, Asia</p> Signup and view all the answers

    Who owned 87% of New York City Central shares during the 19th century?

    <p>A. William H. Vanderbilt</p> Signup and view all the answers

    Which of the following acts resulted in the creation of the Federal Deposit Insurance Corporation?

    <p>D. Banking Act of 1935</p> Signup and view all the answers

    The Federal Reserve System was originally intended to:

    <p>B. Conduct Monetary Policy</p> Signup and view all the answers

    Introducing more silver into the money supply would positively affect:

    <p>C. Debtors</p> Signup and view all the answers

    Certificates of Deposits (CDs) experienced a wide success in the 1960s, with a dollar amount invested in the first seven years reaching:

    <p>B. $20 bn</p> Signup and view all the answers

    During 1790-1807 total US exports increased:

    <p>A. 5x (60M &gt; 300M)</p> Signup and view all the answers

    What government corporation did Hoover create which would later experience increased funding during FDR’s administration?

    <p>C. Reconstruction Finance Corporation</p> Signup and view all the answers

    Which of the following is NOT a reason Jeffersonians realized the necessity of a national bank after the War of 1812?

    <p>A. War time currency was disorganized</p> Signup and view all the answers

    Who of the following became the Governor of the Federal Reserve Bank of New York?

    <p>A. Benjamin Strong Jr.</p> Signup and view all the answers

    Which act forbade intercorporate stockholding and price discrimination?

    <p>C. Clayton Antitrust Act of 1914</p> Signup and view all the answers

    What about the Second Bank is different from the First Bank?

    <p>C. Had a 20 year charter</p> Signup and view all the answers

    The AID program helped fuel which American industry?

    <p>C. Agriculture</p> Signup and view all the answers

    Which president reorganized the Second Bank of the United States under new leadership and conservative lines?

    <p>James Madison</p> Signup and view all the answers

    What was the main reason for the unpopularity of the Second Bank of the United States?

    <p>It was considered a 'Monster'</p> Signup and view all the answers

    Which president moved all funds from the Second Bank of the United States to 'pet banks'?

    <p>Andrew Jackson</p> Signup and view all the answers

    Which event led to the bankruptcy of the Second Bank of the United States?

    <p>The Panic of 1837</p> Signup and view all the answers

    Which banking policy led to the distrust of state banks?

    <p>The prevalence of Wildcat banks</p> Signup and view all the answers

    Which committee investigated the interconnectedness of boards in the banking system?

    <p>The Pujo Committee</p> Signup and view all the answers

    Which individual was known as 'the greatest financier in history' and played a significant role in the formation of the Federal Reserve System?

    <p>J.P. Morgan</p> Signup and view all the answers

    Which company dominated the computer industry in the early years and focused on tech consulting and manufacturing technology hardware?

    <p>IBM</p> Signup and view all the answers

    What was the perception of the 'Man in Gray Flannel Suit' in relation to IBM?

    <p>Company rules</p> Signup and view all the answers

    In which decade did corporate giving increase from 30 million to 482 million?

    <p>1950s</p> Signup and view all the answers

    Which company was ranked #11 in the Forbes Top 100 List in 2020?

    <p>Mary Kay</p> Signup and view all the answers

    Who founded Mary Kay?

    <p>Mary Kay Ash</p> Signup and view all the answers

    Which company was heavily criticized for their use of sweatshops?

    <p>Nike</p> Signup and view all the answers

    Who successfully embodied the identity of a 'man who achieved massive wealth despite humble origins'?

    <p>JPMorgan</p> Signup and view all the answers

    Which act created a minimum wage and maximum work week as part of the New Deal?

    <p>Fair Labor Standards Act</p> Signup and view all the answers

    Which government agency was created by the Securities Exchange Act of 1934 to regulate the offer and sale of securities?

    <p>Securities and Exchange Commission (SEC)</p> Signup and view all the answers

    What was the main purpose of the Agricultural Adjustment Act (AAA)?

    <p>To control the supply and demand of agricultural products</p> Signup and view all the answers

    What was one of the key effects of the Fair Labor Standards Act (1938)?

    <p>Established a minimum wage and maximum work week</p> Signup and view all the answers

    Which two major products were included in the merger that established PepsiCo in 1898?

    <p>Diet Pepsi and Fritos</p> Signup and view all the answers

    What percentage of PepsiCo's total revenue comes from sodas?

    <p>37%</p> Signup and view all the answers

    Which health goals does PepsiCo hope to achieve by 2025?

    <p>Reduced added sugars, reduced saturated fats, and increased positive nutrition</p> Signup and view all the answers

    What environmental initiatives has PepsiCo undertaken?

    <p>Removed 100 million pounds of packaging from the market and striving for 100% recyclable packaging</p> Signup and view all the answers

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